PUB00405: Income tax – tax treatment of cryptoassets received from an airdrop

Have your say. Tell us what you think about tax treatment of cryptoassets received from an airdrop. 

The use of cryptoassets and distributed ledger technology (e.g. blockchain) is becoming increasingly common. As a result, Inland Revenue has been asked to clarify the tax treatment of various types of cryptoasset transactions and arrangements. This item addresses the income tax consequences of receiving cryptoassets from an airdrop.

Deadline for comment: 25 May 2021

PUB00405 Airdrops (PDF | 12 pages | 398 KB)