Maria
Fri Jun 07 2024
|
6 answers
801
Can you avoid crypto tax Australia?｜Whether you have capital gains or income from crypto - the ATO has made it clear you need to pay tax on your crypto. , but you can get strategic and optimise your tax position to pay less tax overall.You can't avoid tax on crypto in Australia entirely
Could you kindly elaborate on the topic of crypto taxes in Australia? I'm curious to know if it's possible to circumvent these taxes altogether. It seems that regardless of whether I have capital gains or income derived from cryptocurrency, the Australian Taxation Office has made it abundantly clear that taxes are applicable. However, I've heard rumors that there might be strategic ways to optimize my tax position and potentially reduce my overall tax burden. Is this true? Or is it simply a myth, and I cannot avoid paying taxes on crypto in Australia completely?
