In Sweden, from what I understand, when tokens are burnt they will get the, accounting technical adjustment, value zero. When the airdrop happens the new token will be taxed 30% once realized and sold, as airdrops is seen as a gift and not a taxable event unless work has been done to earn them.
For example, running nodes in beta might be seen as work has been done to earn them, then that might be taxable.
Check if it’s work when you participate in a prize game - that’s the beta. Also, if at the time of receiving the token airdrop it is not traded anywhere and its price is 0, 30% of 0 is zero from the perspective that most places charge tax events, i.e. the very receipt of the airdrop is also such, and selling it is a second tax event…
To me, the main point here is that there is a unique and closing time window during which your tax adviser might see opportunities to optimize taxes for you particular situation.
Hi Jim. Just a nudge to see if this information was given out elsewhere or still being collected. If it’s been given out can you please point to where i can find it.
Also I have another question to the matter: What will first new token listing price be from the foundation? And any details that factored in on determining this price.
You might not have to pay any tax on MAID but your cost price on ANT will also be zero and, depending where you live, taxable from there. But everyone’s tax laws and personal situation will be different.
In my jurisdiction and in my situation, it doesnt make sense for me to burn anything until I need to to do something with ANT.
Sorry, I just can’t get you that info at the mo. Some of it I just don’t have the bandwidth to gather at the moment, but other parts I just can’t give you ahead of time I’m afriad. You only have to wait until tomorrow though.
Upon network release, I assume we’ll need to update our antnode software. Will we also need to generate and use new Metamask addresses or can we use the same ones?
Not sure this holds true in this case now… Will be interesting to see how much nodes earn if the only ones holding ANT are maidsafe and how much uploading they will perform when it costs real money