Category «Investments-General»

Crypto Tax

Download PDF Other than in the very rare circumstances where crypto is just purchased to buy a personal asset, any gain or loss you make on crypto is subject to tax. So don’t forget to bring your details with you when you do your tax return. The ATO are right onto data matching your transactions …

Keeping the Nexus Between the Borrowing and the Expenditure

Keeping the Nexus Between the Borrowing and the Expenditure What the borrowed money is used to buy determines whether the interest on the loan is tax deductible. That is the basic rule. The link between the borrowing and the expenditure is called the nexus. This nexus needs to be very clear. You need to be …