Crypto currency staking and Box 3 taxation, how is that related. Maybe more than you expect.
Crypto currency staking and Box 3 taxation
Currently the taxation in Box 3 is based on an assumption that 6,17% yield is made over your crypto value on January 1 of the tax year. This assumed yield is taxed at 36% (2024). The high court ruled that such assumptions can erode the base of the taxation, which is illegal.
True result versus assumed result Box 3
During the next few years we will have two calculations of the yield made with your assets. One is deemed based, the other true based. The assumed yield is the currently 6,17% and the true result, what is the true result?
Crypto currency staking
The experts in my field refer to crypto currency as something that fluctuate in value. The value on January 1, 2024 versus the value as per January 1, 2025 determines whether there was a profit or loss. This is not exactly true.
The moment the crypto currency is open to staking, the staking results in a reward. That reward is added to the crypto wallet.
In other words, the moment you calculate if taxation based on true result is more beneficial than on the assumed result, you need to do a bit of bookkeeping. The bookkeeping starts with the balance on January 1. Then some crypto currency are sold, you need to retrieve the purchase value and determine the result. Some crypto currency are purchased. And some staking income might have been received. Only if this full picture is taken into account, you know whether Box 3 taxation on true result is better than assumed result.
Total asset valuation
The moment you come to the conclusion that the Box 3 taxation on the true crypto result is better than based on the assumed result, you need to evaluate your other assets. Indeed, this is not a per asset taxation, but a total asset valuation.
The moment the result on crypto was low, but your stock exchange portfolio was very success full, you need to weight the combined true yield versus assumed yield.
Tax is exciting
We think tax is exciting. Staking is, speaking for myself, rather unknown. The tax return needs to be filed based on the exact true result, even if that on the moment of filling is not fully known to the public at large.
The true result versus assumed result taxation will be more and more a topic the coming years. You might as well start to administrate the crypto currency now already, so you can proof more easily a lower or maybe negative true yield was made.
