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Crypto and tax
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<blockquote data-quote="Heatho" data-source="post: 610089" data-attributes="member: 487"><p>I'm no expert but I think transfers of crypto to different wallets of your own don't create a CGT event, the only time the ATO will be interested is when the coins are sold back to AUD or exchanged for other coins through a crypto exchange. </p><p></p><p>I'm not 100% sure on this. </p><p></p><p>I wouldn't be trying to hide anything though. </p><p></p><p>It's all very complex.</p></blockquote><p></p>
[QUOTE="Heatho, post: 610089, member: 487"] I'm no expert but I think transfers of crypto to different wallets of your own don't create a CGT event, the only time the ATO will be interested is when the coins are sold back to AUD or exchanged for other coins through a crypto exchange. I'm not 100% sure on this. I wouldn't be trying to hide anything though. It's all very complex. [/QUOTE]
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