Made crypto losses? Don't assume the taxman will subsidise you

• Main Author: OOI, Vincent
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: Taxation; taxation law; tax law; cryptocurrencies; digital tokens; Business Organizations Law; Tax Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/3968; https://ink.library.smu.edu.sg/context/sol_research/article/5926/viewcontent/Made_Crypto_Losses_Don_t_Assume_the_Taxman_Will_Subsidise_You.pdf
• Institution: Singapore Management University

The key points we made in the article are as follows:1) One might think that because income from transactions involving cryptocurrencies is taxable, the losses from such transactions would also be deductible. Unfortunately, the situation is not quite so straightforward.2) The key question is whether...