Hi
If I take out a personal loan and use it to buy a cryptocurrency stable coin. If I then lend out the stable coin on a platform such as "Coumpound" to earn interest. Can I make a tax deduction claim on the interest I pay on the loan? Is lending cryptocurrency treated as an income producing asset?
Thanks
Hi @Fernman
Our technical team has recommended you lodge an early engagement request for this one so they can have a look at your exact circumstances and provide some tailored advice.
Thanks, Nate
Hi @Fernman,
We are looking into this and will get back to you soon.
Hi @Fernman
Our technical team has recommended you lodge an early engagement request for this one so they can have a look at your exact circumstances and provide some tailored advice.
Thanks, Nate
15 Apr 2026 · 8 min read time
4 Dec 2023 · 9 min read time
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