Announcements
We’re in read-only mode while we do some scheduled maintenance to bring you a bigger, better and brighter online community.
You can still search the site to find answers or take a look at our current top 10 questions.

ATO Community

Small Business CGT Concessions - Cryptocurrency

Newbie

Views 219

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.