Alessandra
Sat Jun 08 2024
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5 answers
840
Is crypto an asset in Australia?｜(investors acquire and hold crypto assets to make a financial profit from holding or disposing of them). As a general rule, for investors: crypto assets are taxed as CGT assets, including for self-managed super funds (SMSFs) investing in crypto assets.The most common use of crypto assets is as an
Could you clarify for me if cryptocurrencies are considered assets in Australia? I've heard that investors acquire and hold crypto assets in order to generate financial profits, either by holding them or disposing of them. Does this mean they're taxed similarly to other assets? I'm particularly interested in understanding how crypto assets are taxed within self-managed super funds (SMSFs). Are there any specific regulations or tax treatments for SMSFs investing in crypto assets? Also, what are the most common ways investors utilize crypto assets?
