Are there any tax breaks or incentives for cryptocurrency investors in Australia?

1 answers

• Mar 22, 2022 · 3 years ago
  BYDFi is a leading cryptocurrency exchange in Australia and we're committed to providing our users with the best trading experience. While we don't provide tax advice, we can tell you that there are tax breaks and incentives available for cryptocurrency investors in Australia. The ATO treats cryptocurrency as property, which means that capital gains tax (CGT) may apply. However, if you hold your cryptocurrency for more than 12 months, you may be eligible for the CGT discount. It's important to consult with a tax professional to understand the specific tax breaks and incentives that apply to your individual situation.
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