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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.
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Small Business CGT Concessions - Cryptocurrency

Newbie

Views 145

Replies 1

Hi,

Are cryptocurrencies classified as active assets?
I operate a small business as a cryptocurrency day trader.
Will my active day trading business be eligible for Small business CGT Concessions?
Specifically, "50% active asset reduction" and the "Retirement exemption".

Thanks

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

ATO Certified Response

Former Community Support

Replies 0

Hi @moonshot

 

We'd encourage you to contact our early engagement team to find out how we think tax law would apply to your circumstances. You can request a follow up email or call back by completing the request form over on our website.

 

Hope this helps.

1 REPLY 1

Most helpful response

ATO Certified Response

Former Community Support

Replies 0

Hi @moonshot

 

We'd encourage you to contact our early engagement team to find out how we think tax law would apply to your circumstances. You can request a follow up email or call back by completing the request form over on our website.

 

Hope this helps.