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23 May 2021

Is it a tax event if someone transfers crypto he has managed for me from his account to my account? Neither he or I have benefitted from the crypto. He has simply managed the buy for me and now I'm ready to manage it myself. Is it a tax event if he simply transfers my quantity of crypto to my account?

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2 replies
775 views
2 replies

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Most helpful reply

EthanATO(Community Support)Community Support
24 May 2021

Hi @Blowfishgreen,

We've answered a question similar to this on a previous thread that should help you out. Have a read through and let us know if you have any questions. The thread pretty much says exactly what @MCA_Accountants did, but gives you a little more info that would be helpful.

Hope this helps.

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Most helpful reply

EthanATO(Community Support)Community Support
24 May 2021

Hi @Blowfishgreen,

We've answered a question similar to this on a previous thread that should help you out. Have a read through and let us know if you have any questions. The thread pretty much says exactly what @MCA_Accountants did, but gives you a little more info that would be helpful.

Hope this helps.

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Is it a tax event if someone transfers crypto he has managed for me from his account to my account? | ATO Community