Tax-free long-term crypto holdings in New Zealand.
That’s the ACT Party’s latest election campaign pitch. Their proposed platform:
• 0% tax on qualifying personal crypto gains held >12 months
• Tax-free small everyday purchases (like buying a coffee)
• Short-term flips & day trading stay taxable
• Lighter rules for Kiwi fintech startups
Currently, IRD treats crypto as property and taxes most swaps and sales as income.
355k Kiwi crypto users would love this.