Tim Doyle

speaker

1,184 appearances 4 recordings 3 series first heard Mar 2026 last heard 8 Jun

Tim Doyle’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 4 in all, peaking in Mar 2026 with 2.

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The Prosperity Project · The crypto tax problem nobody warned you about · 31 May 2026 podcast

So New Zealand doesn't have a capital gains tax.

Here we are talking about taxes on something that's arguably a capital gains tax in disguise.

So the key reason is that crypto is classified as property.

And there's a certain part of the Income Tax Act that says if you buy something with the intention to dispose of it, the proceeds are going to be taxable income.

And when you think about crypto, it's digital.

It's intangible.

We can't touch it.

We can't see it.

We can't do anything with it.

So why would you buy it?

And so IID take that default position that someone must have acquired it as a speculative investment to ultimately dispose.

Whereas compared to like shares or properties, if you can buy shares, you can earn dividend income.

If you buy property, you can earn rental income.

Or if you buy a car, you can drive it from A to B. So it's because it has no tangible use or it doesn't do anything for you, that's why they see it as the default position.

So we've tried to take that opposite view probably about six times now.

We've got two still in play or two sort of open cases going down trying to take a non-taxable position.

On what basis?

I can't get into the specifics on one because it's confidential.

It's really fact specific.

But in terms of the other situation is that the client received crypto as a gift.

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