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 https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia—specifically-bitcoin/

Talk to the ATO about your specific circumstances, or talk to us, http://tbctax.com.au/contact-us/