Cryptocurrency Tax
If you or your business are involved with crypto assets, it is important to be aware that tax may be payable on certain transactions. TaxAssist Accountants can help you determine how much tax you may need to pay.
When you dispose of a crypto asset exchange token, such as Bitcoin, you may need to pay Capital Gains Tax (CGT) if you sell the token at a profit. The crypto market has been very volatile over the last few years with huge losses, which also need to be reported.
If you’d like a summary of the main tax implications from buying, selling and investing in cryptocurrency, please read our guide, which covers the following topics:
- What is cryptocurrency?
- Common crypto assets
- Where is cryptocurrency located for tax purposes?
- Do you pay tax on crypto gains?
- When do you pay tax on crypto?
- Record keeping
The TaxAssist network provides a crypto currency solution to individuals and businesses so your crypto taxes can be prepared quickly and efficiently.
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