Cryptocurrency News

Crypto capital gains one of four key areas for Australian Tax Office

2022.05.16 22:56

Crypto capital gains one of four key areas for Australian Tax Office
Crypto capital gains one of four key areas for Australian Tax Office

The Australian Taxation Office (ATO) has outlined crypto capital gains as one of four key areas of focus in 2022.

A capital gain or loss refers to the price difference between the time an asset was purchased and the time it was sold. The percentage owed to the ATO varies between income brackets and duration of ownership, but in general, the rate is reduced for assets held longer than 12 months.

Source

Related Articles

Leave a Reply

Back to top button