THE USUAL ‘ENDURING BENEFIT’ ARGUMENTS ARE SOMEWHAT LESS CLEAR
By now we’re probably all familiar with cryptocurrency and its related buzz-words. The initial boom in cryptocurrency markets has resulted in many people becoming cryptocurrency investors, with everyone seeking to capitalise on this intangible investment opportunity—or, at least, the loss that comes with their investments in the current bear market.
Coupled with the on-going market fluctuation, there is a lot of uncertainty about the tax implications of cryptocurrency transactions. This is especially important as SARS looks to become tougher when assessing individuals’ cryptocurrency trading activities and holdings.
The only way to overcome this hurdle, if you are a serious investor, is to approach a tax specialist with legal experience—one who understands the technical implications of tax in the crypto space, and doesn’t sugar-coat the hard facts.
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