Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
on 20 September 201807:07 PM - last edited on 10 January 201905:44 PM by JodieH
My name is Max and I'm new to this. I just have a question in relation to cryptocurrency and tax return. I have read on the myGov website that, if you hold more than $10,000 worth of crypto, you need to declare it. I have called the ATO and asked. There response was, "since it's a grey area, you don't really have to". I was wondering if anyone could assist me? I'm holding less then $10,000 worth and it's all personal use, long term.