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Web the basics of cryptocurrency tax in australia for purposes of taxation, the ato classes crypto users into three groups. To lodge a tax return for the current tax year,. Chapter 1 the basics of australian crypto. This means you must declare the transactions (on your tax return) for every time you traded, sold, or used.
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To lodge a tax return for the current tax year,. Chapter 1 the basics of australian crypto. If you are a cryptocurrency investor, your tax rate will be determined by your overall assessable income, based on australia’s sliding scale. This means you must declare the transactions (on your tax return) for every time you traded, sold, or used.
