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New Plymouth office closure | The New Plymouth office is temporarily closed for upgrades and is expected to reopen on Wednesday 12 February.

Gisborne office temporarily closed | Our Gisborne office will be closed from 12pm 14 February 2025 until 10.30am 26 February 2025. For anything urgent, you can call our contact centre.

Generally, no deduction is available for the cost of acquiring the cryptoassets from an airdrop or a hard fork, as you will not have incurred a cost in acquiring them. A deduction may be available in some limited cases when you are taxed both on receipt and also disposal. If you think this applies to you, see our guidance for further information.

Qb 21/06 Income tax - tax treatment of cryptoassets received from an airdrop

QB21/07 Income tax - tax treatment of cryptoassets received from a hard fork

Cryptoassets for businesses

Last updated: 26 Jul 2021
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