Record Keeping

You'll need to keep records of your cryptoasset transactions to support the position taken in your tax return. This includes:

• the type of cryptoasset
• date of the transaction
• type of transaction (for example, received or disposed of)
• number of units
• value of the transaction in New Zealand dollars
• total units of each cryptoasset held at the beginning and end of the year
• exchange records and bank statements
• wallet addresses.

You’ll need to keep these records for at least 7 years, even if you no longer have any cryptoassets.

Thank you very much for your time completing this questionnaire. As you are aware, we have a requirement to have a completed questionnaire for every entity that er complete a tax return for.

Have a great day.