2018-6-19 16:26 |
Cryptocurrency = Asset
Liz Russel, a senior tax agent at a private Australia online tax return service, shared some insights on the way theATO will be treating cryptocurrency gains and what people should expect.
Just like in the majority of countries, there is an ongoing debate amid Australian institutions regarding the proper classification of cryptocurrencies.
[…] That means it’s subject to the same capital gains tax (CGT) provisions that apply to real estate and shares.
Put in simple words, Australians will have to pay the CGT tax on any profits they made from trading cryptocurrencies.
Because Australia Wants a Piece of Your Profits appeared first on Bitcoinist.com.
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