May 2018

Bitcoin is Taxable!

SARS has released a media statement on Bitcoin in which it states that people dealing in Bitcoins or other cryptocurrencies are subject to normal Income Tax law in terms of gross income, tax deductions or Capital Gains Tax. SARS are treating Bitcoin not as a currency but as an intangible asset. If you are in …

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Bitcoin and the Law – Is It Legal, What About Tax, and Can You Leave it to Your Heirs?

Have you joined, or been tempted to join in, the “Bitcoin frenzy”? If so, read on. Bitcoin and Ethereum are probably the best known of the cryptocurrencies, but (as at 10 April 2018) there were over 1,565 of them, and that number is growing. Whether Bitcoin and its cousins are good investments is a matter …

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