Crypto Disposals

In Australia, the tax treatment of cryptocurrency disposals depends on the specific circumstances of the disposal and the individual's tax situation. Here are some general principles that apply to the taxation of cryptocurrency disposals in Australia:

• Capital gains tax: If you dispose of cryptocurrency that you hold as an investment, you may be required to pay capital gains tax (CGT) on any capital gain that you make
• Business income: If you are in the business of buying and selling cryptocurrency, any profit that you make from the sale of cryptocurrency is considered to be business income and is taxed as such