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Staking & Tax for ETH 2.0

  • 29-11-2020 3:31pm
    #1
    super ted rules
    Registered Users, Registered Users 2 Posts: 31 ✭


    There's been a suggestion in other countries that depositing ETH into ETH 2.0 be considered a taxable event. Has anyone thought about this in Ireland?


Comments

  • #2
    unkel
    Registered Users, Registered Users 2 Posts: 66,132 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    You still own the coins when staking them, right? If so there is no taxable event. Staking revenue would be taxed as income though, taxed at your marginal rate of income tax.

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  • #3
    ZeroThreat
    Registered Users, Registered Users 2 Posts: 2,241 ✭✭✭ZeroThreat


    unkel wrote: »
    You still own the coins when staking them, right? If so there is no taxable event. Staking revenue would be taxed as income though, taxed at your marginal rate of income tax.

    There's so many defi options and staking available for many tokens these days.
    Would be interesting to know if many people are paying income tax on all these returns.


  • #4
    Spanishpoint
    Registered Users, Registered Users 2 Posts: 58 ✭✭Spanishpoint


    great topic! I guess same applies for Cardano


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