Crypto capital gains one of four key areas for Australian Tax Office
Cointelegraph
Published May 16, 2022 01:51AM ET
Updated May 16, 2022 03:40PM ET
The Australian Taxation Office (ATO) has outlined crypto capital gains as one of four key areas of focus in 2022.
A capital gain or loss refers to the price difference between the time an asset was purchased and the time it was sold. The percentage owed to the ATO varies between income brackets and duration of ownership, but in general, the rate is reduced for assets held longer than 12 months.
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Written By: Cointelegraph
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