Voyant does not offer a dedicated asset type for cryptocurrencies. However, you can model them effectively using existing asset categories. The best option depends on whether the client intends to draw funds from the crypto holdings.
If the client will draw funds from the crypto asset
Model the cryptocurrency as an Investment. The type of investment you choose depends on how withdrawals are taxed in your region:
If withdrawals are subject to CGT
Model the asset as an Unwrapped/Taxable Investment.-
If withdrawals are taxed differently
Use Offshore Taxable or Other Taxable (names vary by region), which allows you to specify a custom tax rate.Note: Make sure to include the Cost Basis for Capital Gaines tax.
Important:
If using an investment type, set the Withdrawal Limit on the account to “Do Not Allow” or “Scheduled Only”. This gives you tighter control over when and how funds are accessed in the plan.
Note: When modeled this way the asset will show as a liquid asset on the Assets chart.
If the client does not plan to draw from the crypto asset
You could model the cryptocurrency as a Property asset.
Choose a property type that is subject to Capital Gains Tax (CGT) in your region. This approach works well when the holding is intended as a long-term asset with no scheduled withdrawals.
Note: When modeled this way the asset will show as a non-liquid asset on the Assets chart.