RubyGlider
Fri Jun 07 2024
|
6 answers
1460
Does Australia tax Bitcoin?｜. In crypto investors' ideal world, taxes wouldn't apply to digital currency; however, as the federal government considers your crypto s to be assets, they fall under the Capital Gains Tax (CGT) umbrella.Yes , you must pay tax on your crypto if you hold it as an
Does Australia levy taxes on Bitcoin transactions? In the utopian vision of many crypto investors, taxes shouldn't encumber digital currencies. But in reality, since the Australian federal government treats cryptocurrencies as assets, they're subject to Capital Gains Tax (CGT) regulations. Therefore, am I correct in assuming that if I hold Bitcoin as an investment, I'm obligated to pay taxes on it?
