Tax

Bought Bitcoin? The Tax Office Has You in Its Sights

By Melissa Browne Unless you are living under a rock, most of us have heard of the term cryptocurrency or, at the very least, Bitcoin. If you haven’t, cryptocurrency is generally used to describe a digital asset in which encryption techniques are used to regulate the generation of additional units and verify transactions on the blockchain. Not […]

June 22, 2018
Tax

Can Bitcoin Be a Personal Use Asset?

By Steve Burnham A question was asked of the ATO recently, via its “ATO Community” webpage (find out more about that here) that centred on the viability of deeming bitcoin (or any cryptocurrency) as a personal use asset. The follow-up portions of the question of bitcoin as a personal use asset were as follows: Does a […]

May 2, 2018