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.
Say you invest $750 into Crypto and it doubles over twelve months how would the GCT be calculated if you were to sell? Also, what would happen if you invest $750 into Crypto and it has a loss. What would happen then? If you choose to sell?