Hilesh Chavda discusses NFTs in Money Marketing
The non-fungible token (NFT) market is booming, but legislation has not caught up.
Our private client partner has discussed the issues with Money Marketing, the leading magazine for financial advisers, in an article looking at what advisors need to know about NFTs.
Hilesh explains that NFT’s will form part of a client’s estate and will need to be considered for tax purposes, making valuation important.
He also considers the issues around regulatory frameworks failing to keep up with developments in the NFT space.