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RE: Steem and Capital Gains in Ireland
How does Ireland treat SBD earnings? Is the Tax point when SBD is exchanged to BTC or to Euros?
How does Ireland treat SBD earnings? Is the Tax point when SBD is exchanged to BTC or to Euros?
I assume that counts as income, taxable at the normal income tax rates (that gets complicated). I assume that it would count as the value at the time that you received it. If you somehow make losses on your SBD after that, you can at least count those losses against any capital gains you made.
Disclaimer: I'm not a lawyer or an expert on tax, I only have a layperson's understanding.