Monthly Archives: January 2022
Can a SMSF buy crypto?
Can something regulated like SMSF be used to purchase an unregulated asset such as cryptocurrencies? The short answer is yes and we’ll briefly discuss the details in this article.
Regulations On Crypto Investments Using SMSF
SMSFs are not prohibited from investing in cryptocurrencies. However, they must be allowed as stated in the...Do you need to declare crypto gains in your tax return?
In Australia, crypto assets are treated and taxed like shares and stocks through the capital gains tax system. Capital gains are the profit you earn from owning certain asset classes like shares, properties, and cryptocurrencies. Selling or trading these assets for a profit counts them eligible for tax.