Kinesis Money Taxes: How to Generate Your Crypto Tax Report
Every trade, yield distribution, and disposal of KAU or KAG tokens through your Kinesis Money account creates a taxable event. CoinTracking imports your Kinesis transaction history via API or CSV export, calculates gains and losses across your full precious-metal token history, and generates a tax report ready for your accountant or tax authority — no matter how many yields you have earned.
How to Import Your Kinesis Transactions into CoinTracking
Watch how to connect your Kinesis Money account to CoinTracking via API or CSV export to generate your complete crypto tax report — including KAU/KAG trades and yield distributions.
Start Your Free Kinesis Import- Every trade, swap, or disposal of KAU (Kinesis Gold) and KAG (Kinesis Silver) tokens through your Kinesis Money account is a taxable event in most jurisdictions. Yield distributions are typically treated as ordinary income.
- CoinTracking imports Kinesis transactions via API connection (automatic, real-time sync) or CSV export (manual upload). Both methods import your full KAU/KAG trade and yield history.
- Transferring KAU or KAG between your own wallets or accounts is not a taxable event. Buying and holding gold- or silver-backed tokens is not taxable until disposal.
- Tax compliance is your responsibility. Kinesis Money Ltd is incorporated on the Isle of Man and operates from Australia. While it may report certain account data to relevant authorities as required by law, it does not file your tax return. All trades, yield distributions, and disposals on your Kinesis account must be declared by you. Failing to report crypto gains can result in penalties and back-tax assessments.
Kinesis Money and Your Tax Obligations
Kinesis Money is a precious-metal-backed digital asset platform that issues KAU (Kinesis Gold, backed by 1g of gold) and KAG (Kinesis Silver, backed by 10g of silver). It allows users to buy, sell, trade, and spend gold- and silver-backed tokens while earning yield on their holdings through the platform's transaction fee distribution mechanism.
All transactions executed through your Kinesis Money account generate taxable events. Whether you trade KAU or KAG, receive yield distributions, or transfer assets to another platform, each event must be reported to your tax authority.
CoinTracking supports Kinesis via two import methods:
- Kinesis API: connect automatically via API key and secret from your Kinesis account settings — real-time sync keeps your data up to date
- Kinesis CSV: download your transaction history and upload it manually to CoinTracking
- All KAU/KAG trades, yield distributions, deposits, and withdrawals are supported
- KAU and KAG cost basis is correctly tracked from the date of purchase
Crypto Tax Basics: What Kinesis Money Users Need to Know
Kinesis Money serves precious-metal investors and crypto traders across many jurisdictions. The core tax principles below apply broadly — but always verify the specifics with your local tax authority or a qualified tax advisor.
Every disposal is a taxable event
In most countries, selling, swapping, or otherwise disposing of cryptocurrency — including gold- and silver-backed tokens such as KAU and KAG — triggers capital gains tax. The gain or loss equals the difference between your proceeds and your cost basis (what you originally paid, including fees). Although KAU and KAG are backed by physical metals, they are generally classified as crypto assets rather than direct ownership of bullion for tax purposes in most jurisdictions.
Precious-metal-backed tokens and special tax treatment
Some jurisdictions apply specific tax rules to gold or silver investments that may differ from standard crypto asset treatment. In certain countries, gains from gold-backed tokens may qualify for exemptions or reduced rates applicable to physical precious metals. This depends on how your local tax authority classifies KAU and KAG. Always confirm the correct treatment with a tax advisor familiar with both crypto and precious-metal tax rules in your country.
Yield distributions as income
Kinesis Money distributes yield to KAU and KAG holders from a share of the platform's transaction fees. In most jurisdictions, these yield payments are taxable as ordinary income in the year received, based on the fair market value of the tokens on the date of receipt. When you later sell or swap those yield tokens, any subsequent gain is subject to capital gains tax. CoinTracking tracks both the income event and the resulting cost basis.
Record-keeping requirements
Accurate record-keeping is essential for every trade and yield distribution. Each transaction must be documented with the date, asset, quantity, cost basis, proceeds, and applicable fees. CoinTracking maintains a complete, dated audit trail of every Kinesis transaction you import and produces reports formatted for your jurisdiction.
Kinesis Money Taxes by Country
Crypto tax rules differ by market. Below are the key rates, deadlines and filing forms for the countries where CoinTracking users trade most actively.
Germany
- Disposal tax: Personal income tax rate (up to 45%); gains are tax-free if held longer than 1 year (Haltefrist)
- Annual exemption: Gains up to €1,000/year are tax-free
- KAU/KAG: Treated as crypto assets under § 23 EStG; special precious-metal exemptions do not typically apply
- Yield distributions: Taxable as miscellaneous income (§ 22 EStG) in the year received
- Cost basis: FIFO per wallet
- Authority: Finanzamt
- Forms: Anlage SO, Anlage KAP
Austria
- 27.5% capital gains tax: Since March 2022, crypto is taxed like shares — a flat 27.5% KESt applies to gains.
- Old coins grandfathered: Crypto acquired before 28 February 2021 is tax-free on disposal.
- KAU/KAG: Treated as crypto assets; gain calculated on disposal.
- Authority: Finanzamt Austria. Report via Einkommensteuererklärung (E1 / E1kv).
Switzerland
- Capital gains: Generally tax-free for private investors; professional traders are taxed as self-employed income
- Wealth tax: KAU and KAG holdings subject to wealth tax at cantonal rates based on year-end market value
- Precious metals: Physical gold/silver held directly may have different treatment than gold-backed tokens — consult a cantonal advisor
- Authority: Cantonal tax authority (varies by canton)
United Kingdom
- Capital Gains Tax: 18% (basic rate) or 24% (higher rate) from October 2024
- Annual exempt amount: £3,000 (2024/25 onward)
- KAU/KAG: HMRC treats gold- and silver-backed tokens as crypto assets; standard CGT rules apply on disposal
- Cost basis: Section 104 pool (HMRC rules)
- Authority: HMRC
- Forms: Self Assessment SA100, SA108
Australia
- Capital Gains Tax: CGT applies to all crypto disposals; 50% CGT discount if held more than 12 months
- KAU/KAG: ATO treats digital assets as CGT assets; gains included in assessable income
- Yield distributions: Taxable as ordinary income in the year received
- Authority: Australian Taxation Office (ATO)
- Forms: Individual tax return (myTax), Capital gains schedule
Spain
- Savings income (IRPF): 19% up to €6,000; 21% up to €50,000; 23% up to €200,000; 27% up to €300,000; 28% above
- Foreign crypto disclosure: Modelo 721 required if portfolio exceeds €50,000 abroad
- Authority: Agencia Tributaria (AEAT)
- Forms: Modelo 100 (IRPF), Modelo 721
Poland
- Flat rate: 19% on all crypto gains (no holding period exemption)
- Loss carryforward: Up to 5 years
- Cost basis: FIFO
- Authority: Urząd Skarbowy
- Form: PIT-38
Italy
- Flat rate: 26% on gains exceeding €2,000/year (from 2023)
- Foreign holdings disclosure: Quadro RW required if portfolio exceeds €15,000
- Authority: Agenzia delle Entrate
- Forms: Quadro RT (gains), Quadro RW (foreign holdings)
Portugal
- Disposal tax: 28% on gains from crypto held less than 1 year (from 2023)
- Long-term holding: Tax-free on disposal if held 1 year or longer
- Authority: Autoridade Tributária (AT)
- Forms: Modelo 3, Anexo G or Anexo J
Tax rules change frequently. This overview is for general information only and does not constitute tax advice. Consult a qualified advisor for your specific situation.
Are Kinesis Money Transactions Taxable?
In most jurisdictions, crypto assets — including gold- and silver-backed tokens — are treated as assets: disposing of them triggers capital gains tax. Yield distributions may also create income events. Use this as a starting reference — exact rules vary by country.
Taxable Events
- Selling KAU or KAG for fiat (EUR, USD, AUD, etc.)
- Swapping KAU/KAG for other crypto assets
- Using KAU/KAG tokens to pay for goods or services
- Receiving Kinesis yield distributions
Not Taxable
- Buying and holding KAU or KAG
- Transferring KAU/KAG between your own accounts
- Depositing fiat to Kinesis Money
- Receiving KAU/KAG as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your Kinesis Money Taxes
Kinesis Money users can accumulate hundreds of taxable events across multiple years — especially if they trade KAU/KAG frequently, receive regular yield distributions, or hold gold- and silver-backed tokens across different market cycles. Calculating cost basis, holding periods, and gains for each event manually is time-consuming and error-prone.
CoinTracking imports your complete Kinesis transaction history via API or CSV, applies your chosen cost-basis method (FIFO, LIFO, HIFO, and others), calculates gains and losses for every disposal, and separates yield income from capital gains in your final report.
The result is a jurisdiction-specific tax report — PDF or Excel — that your accountant or tax authority will accept, with a full audit trail for every transaction including KAU/KAG trades and yield distributions.
How to Import Kinesis Money into CoinTracking
Three steps to import your Kinesis transactions and generate your tax report.
- 1
Log into CoinTracking and open Imports
After logging in, click the Import icon in the left navigation. This is where you connect all your exchanges, wallets and blockchains.
- 2
Search for Kinesis in the import list
Type "Kinesis" in the search field. CoinTracking will show the Kinesis import option — select it to proceed with your API connection or CSV upload.
- 3
Connect via API or upload your Kinesis CSV
Choose "Connect automatically" to link via API key and secret from your Kinesis account (Settings → CoinTracking API Keys). Or click "Upload file" to import a CSV export of your transaction history. All KAU/KAG trades, yield distributions, deposits, and withdrawals will be imported automatically.
"CoinTracking can handle just about any complex transaction you can throw at it and the automation is a real lifesaver. Of all the tax software tools we've reviewed, CoinTracking is the most detail-oriented and has more accuracy checks in place than the competition."
How to Create Your Kinesis Money
Tax Report with CoinTracking
Three steps from API connection or CSV export to a tax report your accountant will accept.
Import your Kinesis transactions
Connect your Kinesis account via API (Settings → CoinTracking API Keys) for automatic sync, or download your transaction history CSV and upload it to CoinTracking. All KAU/KAG trades, yield distributions, deposits, and withdrawals are imported automatically.
Review your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis entries, duplicate imports and price gaps so your final report is accurate — especially important if you have yield distributions across multiple years.
Generate and export your tax report
Select your country and tax year. CoinTracking generates a report formatted for your jurisdiction: PDF or Excel, ready to file or hand to your accountant.
No. Kinesis Money does not generate a ready-to-file tax report. It provides access to your transaction history via API or CSV export, which you can import into CoinTracking. CoinTracking then calculates gains, losses, and income across all your Kinesis trades and precious-metal token transactions and generates a compliant tax report for your jurisdiction.
CoinTracking supports two import methods for Kinesis. For automatic sync, log in to your Kinesis account, go to Settings → CoinTracking API Keys (kms.kinesis.money/settings/cointracking-api-keys), click New API Key, then Generate, and enter the Key and Secret in CoinTracking. Alternatively, you can download your transaction history as a CSV file from your Kinesis account and upload it manually to CoinTracking.
Yes. KAU (Kinesis Gold) and KAG (Kinesis Silver) are digital tokens backed by physical precious metals, but they are treated as crypto assets for tax purposes in most jurisdictions. Selling, swapping, or otherwise disposing of KAU or KAG triggers capital gains tax on the difference between your cost basis and the proceeds. In some countries, gains from precious-metal-backed tokens may also be subject to specific commodity or bullion tax rules — always verify with a qualified tax advisor in your jurisdiction.
Kinesis distributes yield rewards (a share of the platform's transaction fee pool) to KAU and KAG holders. In most jurisdictions, these yield payments are treated as ordinary income in the year you receive them, taxable at their fair market value on the date of receipt. When you later sell or swap these reward tokens, capital gains tax applies on any subsequent appreciation. CoinTracking tracks both the income event and the cost basis for later disposals.
Kinesis Money Ltd is incorporated on the Isle of Man and operates primarily from Australia. It may be subject to reporting obligations under applicable AML/CFT rules, but it does not file a tax return on your behalf. You remain responsible for declaring all gains, losses, and income from your Kinesis account to your local tax authority. CoinTracking helps you produce a complete, accurate tax report for any jurisdiction.
Yes. CoinTracking imports your full Kinesis transaction history — including KAU and KAG spot trades, yield distributions, deposits, and withdrawals — and calculates your cost basis and gains across all transaction types. The API integration keeps your data automatically up to date. The final tax report separates capital gains from income, ready to file or hand to your accountant.
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