Episode 50 – Crypto assets and tax
Tax inVoice
English - August 01, 2022 15:00 - 18 minutes - 16.8 MBGovernment Business ato podcast tax invoice super tax not for-profit tax crime superannuation small business individuals agent compliance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Episode 49 – Income, prefill and the Medicare levy
In the final episode of Tax inVoice, podcast host, David Jepsen is joined by ATO Tax Time spokesperson Assistant Commissioner, Tim Loh to talk about the tax treatment of crypto assets. They discuss when you need to declare income and capital gains or losses, why record keeping is so important and what you need to know about non-fungible tokens (NFTs). Tim advises what to do if donating crypto, what self-managed super fund trustees need to consider when investing in crypto and what businesses need to do before accepting and using digital assets.
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