26+ Bitcoin Tax Australia Reddit Images. How cryptocurrency taxes work in australia. For example, let's say sam bought 1 bitcoin (btc) for a$5,000 five.
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In its guide to the tax treatment of cryptocurrencies, the ato shares its view that bitcoin (and other cryptocurrencies with the same characteristics) are neither money nor australian. Bitcoin and its comrade cryptocurrencies (ethereum, ripple, tether, and litecoin) appeal to users because they are secure. Here's what owning cryptocurrency means for your taxes.
There's no doubt that the explosive growth of bitcoin and other similar cryptocurrencies has been the financial fad of the last few years.
As bitcoin soars in price in late 2017, the question of cryptocurrency trading tax implications in australia is increasingly being asked. Detailed information regarding australian cryptocurrency tax rules and what you should consider when doing your cryptocurrency taxes this financial year. A community dedicated to bitcoin, the currency of the internet. Our tax guide is here to help.
