Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
_Hsm2100(I'm new)I'm new
24 Sept 2021

Hi ATO team,

We are a group of friends (2 Overseas and 5 in Australia). We decided to trade crypto as a group through a shared account to have a higher staking power. We are planning to have a written agreement among us that specifies the equity of each one in the group. The question is, what should we include in the agreement? And, do we need anything else other than this agreement so that those who are in Australia precisely report their transactions and taxed accordingly ?

Thanks

621 views
1 replies
621 views
1 replies

Most helpful response

Most helpful reply

macfanboy(Taxicorn)Taxicorn
24 Sept 2021

Sounds like a "Partnership'.

Just Lodge a partnership Tax return with it's own ABN and TFN and include your share 14.29% of the Capital gains or losses in your tax return.

All replies

Most helpful reply

macfanboy(Taxicorn)Taxicorn
24 Sept 2021

Sounds like a "Partnership'.

Just Lodge a partnership Tax return with it's own ABN and TFN and include your share 14.29% of the Capital gains or losses in your tax return.

Featured articles

How to work out your tax residency

15 Apr 2026 · 8 min read time

Crypto and your taxes

4 Dec 2023 · 9 min read time

Top liked users

  1. Taxduck

    (Taxicorn)

    1304 likes

  2. Bruce4Tax

    (Taxicorn)

    1120 likes

  3. YellowPotato

    (Taxicorn)

    347 likes

  4. Ken_Oath

    (Master)

    199 likes

  5. knaresbro

    (Devotee)

    141 likes

Top contributors

  1. Bruce4Tax

    (Taxicorn)

    3400contributions

  2. Taxduck

    (Taxicorn)

    2845contributions

  3. YellowPotato

    (Taxicorn)

    910contributions

  4. knaresbro

    (Devotee)

    295contributions

  5. TobyJDodd

    (Devotee)

    176contributions

Loading
Crypto Trading on behalf of in Australia and overseas group of people | ATO Community