Hi guys So I have recently acquired a defi coin that pays its holders reflections, however the reflections are not paid back in the same coin, they are paid into a seperate coin (BUSD). Every transaction with the original coin there is an 8% fee which Is distributed among holders and the amount you receive depends on the amount you hold. The idea is that you can use the BUSD rewards as a passive income, so my question is this, would this be taxed as a normal income and not subject to cgt as I do not touch the original investment? I plan on using this as my main income source one day. The rewards are paid into my defi wallet every hour.
792 views
1 replies
