Hi
I have read a lot of people asking about crypto and tax and I understand that buying and selling crypto you need to account for CGT, also seen that if you are using crypto for personal items you may not need to pay tax if under $10000.
I was told by a friend that I could buy a house to live in with my crypto and I would not need to pay tax. My intention when I purchased the crypto was to eventually buy a home, but I always thought I would need to transfer it back to fiat currency to buy a home and therefore pay tax. From what I have read the personal items exception is only if under $10000.
Was my friend correct that I would not need to pay tax if I bought a house with crypto, or would I need to take into account the 25% CGT (holding it for over 12months)
Appreciate the help
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