The G20 asked the OECD to develop the Crypto-Asset Reporting Framework (CARF) for the automatic exchange of information on crypto-assets with the intention to preserve international tax transparency initiatives. A public consultation process is underway, with policy-makers asked to consider the possible adoption of the new framework and its related design components. Key Points [...]
An additional 10% capital gains tax (CGT) discount may be available when you sell an Australian residential rental property that you used to provide affordable housing. This move will increase the maximum capital gains discount percentage on your sale from 50% up to 60%. For the affordable housing CGT discount purposes, affordable housing is any [...]
Crypto may seem like just another form of money to you, but to the Australian Taxation Office (ATO), it certainly isn’t. From their point of view, cryptocurrency is just another type of asset that people invest in, just like when they invest in shares. The tax treatment is fundamentally the same. If you buy [...]