bitcotasks

Crypto asset investments How to treat investments in crypto assets (also called crypto or cryptocurrency) for tax purposes in Australia. What are crypto assets? What crypto assets are, how they work and how tax applies to these assets. Transactions – acquiring and disposing of crypto assets Activities that amount to crypto asset transactions and how to treat your crypto asset investments for tax purposes. How to work out and report CGT on crypto How to work out and report capital gains tax (CGT) on transactions involving crypto assets. Crypto chain splits How to treat a new crypto asset you receive as a result of a chain split. Crypto asset as a personal use asset Work out if your crypto asset is a personal use asset and when a personal use crypto asset is exempt from CGT. Decentralised finance and wrapping crypto Capital gains tax (CGT) treatment of decentralised finance (DeFi) and wrapping crypto tokens. Keeping crypto records Which records you need to keep for crypto assets and crypto transactions and how long to keep them.