The ATO has released its updated guide Crypto asset investments and tax. It provides guidance and examples on managing tax obligations and responsibilities when buying, selling or investing in crypto assets, including NFTs.
The guide also covers what constitute disposals of cryptos for tax purposes and their reporting, the examples on the calculation of CGT and the importance of keeping records. It also covers cryptos that are personal use assets.
We are specialised in crypto taxation, including investment structure setup, advice on capital gain tax, and crypto mining business taxation etc.
If you have any matters related to cypto taxation, please feel free to contact us.