Hello,
have been depositing smalIi amounts of my salary into cryptocurrency exchanges like coinspot and bybit over the last few years. I lost most of my money trying to trade. But only now I have started making decent gains through investing and trading on bybit. I am hoping to make around 6 figures by the end of the year. I would like to understand if it is legal to send my crypto gains to another exchange outside Australia and move to that country without selling my crypto in order to avoid high taxes in Australia. If I move to another country say dubai aNd sell all my crypto to encash , I would no longer be an Australian resident for tax purposes. I want to do the right and legal thing and go by the books and at the same time try to avoid high taxes if there is a possibility. Thanks
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