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In contrast to conventional forex, cryptocurrencies will not be thought of authorized tenders in Australia. As an alternative, they’re seen as property topic to capital beneficial properties tax. Some cryptocurrencies will also be thought of for revenue tax. The principles can change relying in your circumstance, which might complicate your calculations. Fortunately, Unbiased Reserve has partnered with KPMG to supply the crypto tax calculator for a better approach to calculate your crypto tax obligations. This video offers you a step-by-step information on utilizing the KPMG tax calculator.
⏩Timestamps
0:00 – Intro
0:11 – Disclaimer
0:16 – Finest app to purchase crypto in Australia and New Zealand
1:23 – Unbiased Reserve cellular app options
1:44 – Cryptocurrency Tax Estimator
2:32 – How you can use the Tax Estimator on Unbiased Reserve
3:21 – Unique supply
3:37 – Outro
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📲 App retailer: https://apps.apple.com/au/app/ir-bitcoin-crypto-exchange/id1566499416
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Study extra about crypto:
💡 KPMG Tax Estimator | https://www.independentreserve.com/au/options/kpmg-tax-estimator
👨💻 Blockchain information | https://www.investopedia.com/phrases/b/blockchain.asp
📘 The Folks’s Cash – Bitcoin (Free E-E-book) | https://www.independentreserve.com/weblog/knowledge-base/the-peoples-money-bitcoin-free-ebook
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Disclaimer:
This isn’t monetary recommendation, it’s some top-level info that we’re sharing as a part of our journey to be taught extra in regards to the crypto house. At all times search out your individual unbiased recommendation from a licensed skilled. You will want to maintain data of your transactions, together with trades, earnings, and losses, and you have to to lodge your tax data and pay any tax accordingly.
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