ACT proposes 12-month crypto tax break
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- ACT has proposed a 12-month tax exemption for qualifying crypto gains.
- The plan would apply only to individual retail investors, not businesses or professional traders.
- ACT also proposes stablecoin rules, tokenised asset rules and a financial innovation sandbox.
ACT has proposed a 12-month tax exemption for qualifying crypto gains held by individual retail investors.
The Association of Consumers and Taxpayers (ACT) holds 11 seats and has the fourth-largest parliamentary representation in New Zealand.
“With clear rules, sensible safeguards, and less red tape, ACT will unlock New Zealand’s Digital economy,” said Deputy ACT Leader Nicole McKee.
The proposal would keep professional traders, businesses and assets held for less than 12 months under existing tax rules.
No listed-company share price applies because ACT is a political party, rather than a publicly traded company.
ACT also proposes tax exemptions for low-value crypto purchases, alongside rules for qualifying payment stablecoins.
The plan would create rules for tokenised securities and real-world assets, plus a supervised sandbox for financial technology startups.