BLOCKCHAIN, CRYPTOCURRENCY AND DIGITAL ASSETS

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Is crypto the next payment option for businesses?

As we inch ever-closer to a cashless society – tapping our cards, phones and even watches to pay for goods and services – the question on everybody’s lips is: how long until we see a digital currency in Australia? Despite showing signs of stabilising after a monster crash last week wiped $US200 billion ($291 billion …

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Income tax, charity and estate planning strategies for digital assets

Virtual currency and other digital assets have become popular investment tools for high net worth individuals. As individuals acquire these assets, proactively considering the income tax, charitable, and estate planning consequences of these investments can help them minimize their tax burden, comply with evolving regulations and pursue their personal wealth goals. Digital assets: Crypto, tax, …

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How to claim tax relief on crypto losses

Whilst financial markets generally have been suffering, the losses seen in cryptocurrency markets represent more of a meltdown in value, with some badging it as the start of a ‘crypto winter’. Those who entered the market for the first time during the highs seen in 2021 and have held onto their cryptoassets are likely to …

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