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  • Cyptocurrency and tax

    If you carry on a business that involves transacting with cryptocurrency then trading stock rules apply, rather than capital gains tax (CGT) rules.

    Guidelines on the tax treatment of cryptocurrencies have recently been updated following feedback from community consultation earlier this year.

    We have provided additional guidance on the practical issues of exchanging one cryptocurrency for another and the recordkeeping requirements. We received about 800 pieces of individual feedback and submissions. We thank those who contributed.

    We will continue to monitor community feedback and keep you updated on new and emerging cryptocurrency risks.

    See also:

    Last modified: 17 Sep 2018QC 56790