🚨 BREAKING NEWS: Should you leave Australia to avoid paying 47% tax on crypto gains?
Some Australian crypto investors are moving overseas to avoid the huge CGT increase from July 2027. But there are also less drastic ways you can pay less tax.
In part one of our special on how to avoid Australia’s massive hike in capital gains taxes on crypto in July next year, we looked at borrowing against your Bitcoin or setting up a self-managed super fund (SMSF), amongfour ways to mitigate the impact of the taxes.While an SMSF offers Australians the greatest tax advantages, it’s only suitable for older investors, or those who are willing to lock up their crypto for decades until they retire. For younger investors, moving overseas could reduce your future crypto tax bills to 0% — but there are less drastic options to save on tax too.
Australia’s impending tax changes have already inspired crypto kingFred Schebesta, founder ofFinder.com, to become a tax exile in Singapore.
From July, the top rate on real, long-term crypto gains will increase to 47%, minus the effects of inflation on the cost basis.
🔗 [READ FULL HERE](https://cointelegraph.com/magazine/should-you-leave-australia-to-avoid-47-tax-on-crypto-gains?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
📰 Nguồn: 🪙 CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews
Some Australian crypto investors are moving overseas to avoid the huge CGT increase from July 2027. But there are also less drastic ways you can pay less tax.
In part one of our special on how to avoid Australia’s massive hike in capital gains taxes on crypto in July next year, we looked at borrowing against your Bitcoin or setting up a self-managed super fund (SMSF), amongfour ways to mitigate the impact of the taxes.While an SMSF offers Australians the greatest tax advantages, it’s only suitable for older investors, or those who are willing to lock up their crypto for decades until they retire. For younger investors, moving overseas could reduce your future crypto tax bills to 0% — but there are less drastic options to save on tax too.
Australia’s impending tax changes have already inspired crypto kingFred Schebesta, founder ofFinder.com, to become a tax exile in Singapore.
From July, the top rate on real, long-term crypto gains will increase to 47%, minus the effects of inflation on the cost basis.
🔗 [READ FULL HERE](https://cointelegraph.com/magazine/should-you-leave-australia-to-avoid-47-tax-on-crypto-gains?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
📰 Nguồn: 🪙 CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews
