What are Aussi crypto taxes like?

[Anonymous No.21129473]

And what happens if i for example got all my Ethereum from selling a car and they just paid me in eth?

[Anonymous No.21129488]

fuck off u faggot

[Anonymous No.21129518]

>>21129488
Fuck yourself in the arse pajeet

[Anonymous No.21129562]

>>21129473
when you cash out the ethereum you pay capital gains tax on any gains you made from when you received it
if its over 1y that tax is reduced 50%

[Anonymous No.21129584]

useless cunt

[Anonymous No.21129602]

>>21129473
Pay taxes on how much capital gain you got for selling the car.

[Anonymous No.21129611]

>>21129562
what's crypto-to-crypto like?

[Anonymous No.21129626]

If you going to get involved in crypto the first thing you should do is make an account on cointracking.info and keep track of everything

[Anonymous No.21129645]

>>21129611
https://www.ato.gov.au/general/gen/tax-treatment-of-crypto-currencies-in-australia---specifically-bitcoin/

[Anonymous No.21129661]

>>21129611
Like the americans. If you got ETH at 200 and traded to another coin when it's 400, You pay tax on the 200. That 200 becomes part of your income and you should be familiar with paying income tax.

[Anonymous No.21129682]

>>21129626
>>21129518
>>21129626

Why are u guys working so hard lately? Dont u have a some brrr to do surely money can be printed infinitely.

[Anonymous No.21129689]

>>21129562
can you give us an example? say i bought chainlink 3 years ago and held in an address and now thats worth 1m aud, do i pay cgt on that so 500k but since its 3 years only 250k?

[Anonymous No.21129728]

>>21129661
I don't pay tax because I don't work. Anyway I'm assuming I can get a tax agent to sort through all this when it comes to cashing out

[Anonymous No.21129809]

>>21129689
basically. your taxable income factors into it too, but would likely be negligible at 1mm gains