Syla has everything you wanted to know about crypto tax and how to pay the lowest crypto tax. All our articles are written by our in-house team of professional tax accountants and tax lawyers based in Australia. Each tax article has been reviewed by a registered tax agent to ensure the content is accurate.
Investing in crypto through an SMSF can be complex, and it's important that SMSF accountants understand their responsibilities and what to look out for when it comes to managing their client’s SMSF crypto holdings.
We’ve turned SMSF crypto accounting trauma, into compliance pleasure 😊. This mega-series on solving SMSF crypto compliance will mean you can start solving crypto SMSFs in your public practice, instead of turning them away.
Celsius, a once high performing global crypto platform, has filed for Chapter 11 bankruptcy in the US. With the initial shock over, many Australian investors are now asking if they can at least claim the tax loss on their Celsius investments?
We’ve detailed the ten most effective and legal ways to minimise your crypto tax without sending red flags to the ATO. We call them crypto tax hacks, because they are the legal tax loopholes in Australia that you are allowed to take advantage of.
With taxes in Australia capping out at an excruciating 47%, the question on the mind of many crypto investors is, how do I avoid paying crypto tax? While it’s rare to be able to fully reduce your tax to zero, there are some well know strategies within the tax industry that you can use, and a number of situations where you can legally avoid crypto tax entirely.
The personal use asset exemption is one of the few opportunities in Australia where you can legally pay no crypto tax. Achieving the personal use tax exemption can have a large impact on your tax outcome, but you must structure correctly to avoid scrutiny from the ATO.
Fees charged on crypto withdrawals for Australian users, are subject to GST. If you are registered for GST, then you may be able to claim at least 75% of the GST paid, provided the crypto exchange you use is collecting GST and you have the necessary documentation.
Crypto investors in Australia have disposals of crypto treated as capital gains, while traders have their crypto treated as trading stock. These are distinctly different tax treatments in Australia and have important differences in the resulting tax implications that should be considered.
An increasing number of Australian’s are choosing to be paid in crypto by their employers. We will explain every possible way to pay employees with crypto and the tax implications it will have on your business.