Cryptocurrency Tax
The law around cryptocurrency tax is complex and on the radar with the Australian Tax Office. In 2020 the ATO issued approximately 350,000 notices to cryptocurrency investors.
It is important that you understand your tax obligations and keep accurate accounting records.
Waterhouse Lawyers have expertise in the crypto tax field; with specialised articles featured in both The Tax Institute and Thomson Reuters Tax Bulletin.
We understand crypto tax can be a grey area. Our expert cryptocurrency tax lawyers can help clarify topics such as:
- Cryptocurrency and Capital Gains Tax;
- CGT on Initial Coin Offerings (ICOs) when the value of the cryptocurrency is nil;
- Converting cryptocurrency to fiat currency;
- Tax laws around the sale or gift crypto;
- Crypto-to-crypto trading;
- Using crypto to obtain goods or services;
- Personal use asset exemptions from CGT;
- Chain splits of different versions of cryptocurrency;
- Crypto tax reporting requirements to the ATO.
Need tax help?
We are here to help when your tax or superannuation affairs become overwhelming.
We can liaise with the ATO if you are being audited; obtain a payment plan for a tax debt; and represent you in a tax court case.
Need tax help?
We are here to help when your tax or superannuation affairs become overwhelming.
We can liaise with the ATO if you are being audited; obtain a payment plan for a tax debt; and represent you in a tax court case.
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