If I buy Bitcoin in the UK and sell it in Australia (or vice versa) how does that complicate tax?
I'm a dual citizen but reside in AU - My initial plan is to buy with my UK tax-free inheritance using £GBP, probably wait for a short time for the value to increase to cover the fees, and sell partially for AUD$, while holding the rest as a Bitcoin investment for more than a year, or until the peak of the next bull run. In Australia if you hold for more than a year there's a 50% discount in capital gains tax, but what if I didn't buy it in Aus? I'm unsure how to pay the least tax when I sell Bitcoin. The UK tax-free exemption yearly limit for all investments is £11,700 so perhaps I can sell this much worth for £ each year. Then if I spend it with my UK debit card in AU does that have tax implications in AU? Thanks!
Hi Guys, I am new in Australia and make some investment in Bitcoin. I need to buy bitcoin by Bpay and poli payment transfer. Coinjar is suitable but it is been 3 week and still pending reviews. What is your suggessions?
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What are the laws regarding buying and selling bitcoin (or crypto in general) directly from person to person in Australia?
If two people know each other (eg friends or family), and one person has bitcoin (or other crypto) they want to cash in, and the other person wants to buy them, what rules to they have to follow and what records do they have to keep in order to stay above board with regard to taxation and money transmission laws etc?
247exchange.com: buy & sell Bitcoins in Australia at the best rates
Dear Australian Bitcoin users! We have the special offers for those of you who want to purchase or withdraw Bitcoin and other cryptocurrencies (Litecoin, Namecoin, Peercoin). Our rates are incredible – visit our website https://www.247exchange.com/buy, choose Australia as your country and check it by yourself! You can use both cash deposit and local bank transfer options to fund your bitcoin wallet. Bitcoins purchased from us are not the subject of GST and/or other taxes (because we’re the foreign company without the presence in AU), so, there is no extra charges for you! As for cash deposit, you can make it at any branch of National Australia Bank – totally there are more than 750 branches of NAB in Australia, so, you can always find the one near you. You don't need to have a bank account to make a cash deposit. Also, we prepared a little gift for all Australian readers and visitors of /Bitcoin subreddit: you can buy & sell Bitcoins or other cryptocurrencies with discount at our site using local payment methods. Here is discount code which you can enter while buying Bitcoin, Litecoin, etc with local bank transfer or cash deposit: D8733796601. It gives you 50% discount from our fee. You’re welcome to use it at the buy section of our site: https://www.247exchange.com/buy. And here is discount code for selling cryptocurrencies for AUD bank transfer: D4002785893. It gives you 75% discount from our fee. Feel free to use it at this page: https://www.247exchange.com/sell. Please note that both discount codes will work for a month, till February, 22. Our 24/7 support is always ready to answer your questions. Buy bitcoins without additional expenses!
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How to buy and sell Bitcoin - Bitcoin 101 - YouTube
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