Clients are increasingly asking about tax treatment of Bitcoin and other crypto-currencies.

The ATO has provided a guide for Tax Treatment of Crypto-Currencies specifically Bitcoin – essential reading if you have acquired or are considering acquiring Bitcoin – it covers:

* Bitcoin for business transactions
* Bitcoin for personal transactions
* Bitcoin for goods and services
* Capital gains
* Paying salary/wages in Bitcoin
* Mining bitcoin
* Disposing of Bitcoin acquired for investment

Find the ATO guide here¬†—specifically-bitcoin/

Talk to the ATO about your specific circumstances, or talk to us,