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Australia Taxes Crypto Gains Up to 47 Percent, Prompting Residency Questions
(2 hours ago) · 1 source · Summarized by CryptoBipto
An article examines Australia's tax treatment of cryptocurrency gains, which can reach up to 47% for high earners. The piece explores whether relocating to another country could reduce crypto tax obligations for Australian residents.
WHY IT MATTERS
When you make money from selling cryptocurrency, many countries treat that profit similarly to profit from selling a house or stocks — it is subject to capital gains tax.
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SOURCES
- cointelegraph.com
RELATED
Crypto TaxationCapital Gains TaxAustralia RegulationTax Residency