Is Bitcoin Taxable Australian Property

Basis based generally on value at time of receipt. 26032014 Its official at least according to the taxman. Pin On Sdg 10 Reduced Inequalities A gain represents income and income is taxable even if youre paid in virtual currency. Is bitcoin taxable australian property. 25032014 As property the gains made on Bitcoin and other virtual currencies sold after being held for more than a year would face a tax of 15 percent or. Even with foreign currencies there is no tax-free forex trading in Australia. I thought Bitcoin was anonymous.…

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