Andrea
Fri Jun 07 2024
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6 answers
1224
Can my parents give me $100 000 in Australia?｜.There is no limit on how much money you can give or receive as a gift in Australia
Could you please clarify for me? Is it truly permissible in Australia for my parents to provide me with a sum of $100,000 as a gift? I've heard conflicting information, and I'm just trying to ensure that there are indeed no legal constraints or limitations on the amount of money that can be gifted in this country. Would there be any tax implications or reporting requirements associated with such a transaction? I'd greatly appreciate your insights on this matter.
EnchantedNebula
Fri Jun 07 2024
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7 answers
1781
Is buying crypto illegal in Australia?｜In Australia, . Many crypto-assets and other digital assets are commonly not considered to be financial products so the platforms where you buy and sell crypto may not be regulated by the corporate regulator, the Australian Securities and Commission (ASIC).cryptocurrency is legal but largely unregulated
Is it permissible to purchase cryptocurrency in Australia? I've heard conflicting information about this. In Australia, numerous crypto-assets and other digital assets are generally not categorized as financial products. Does this mean that the platforms facilitating the buying and selling of crypto are exempt from regulation by the Australian Securities and Investments Commission (ASIC)? I understand that cryptocurrency is indeed legal in Australia, but the lack of regulation gives me pause. Could you please clarify the situation? Thank you.
BlockProducer
Fri Jun 07 2024
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7 answers
1107
Is crypto legal in Australia?｜. For example, on our exchange, you can buy and sell over 160 different cryptocurrencies.Yes.
Excuse me, could you please clarify for me? Is cryptocurrency legal in Australia? I've been hearing a lot about it recently and am interested in investing. I've noticed that on your exchange, you offer the option to buy and sell over 160 different cryptocurrencies. Does this mean that it's entirely legal to trade crypto in Australia? I'd like to know more about the legalities surrounding this matter before making any decisions.
HanRiverVisionaryWave
Fri Jun 07 2024
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6 answers
1508
Can I gift $100,000 to my son in Australia?｜If the gift meets these criteria, neither the recipient nor the gift giver needs to pay income tax. .There is no limit on how much money you can give or receive as a gift in Australia
Excuse me, I'm just wondering, would it be possible for me to gift my son in Australia the sum of $100,000? I understand that Australia doesn't have any restrictions on the amount of money that can be given or received as a gift, but I'm also concerned about tax implications. If the gift meets the necessary criteria, does it mean that neither my son as the recipient nor myself as the giver would be required to pay any income tax on this transaction? Could you please clarify this for me? Thank you in advance for your assistance.
Maria
Fri Jun 07 2024
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6 answers
801
Can you avoid crypto tax Australia?｜Whether you have capital gains or income from crypto - the ATO has made it clear you need to pay tax on your crypto. , but you can get strategic and optimise your tax position to pay less tax overall.You can't avoid tax on crypto in Australia entirely
Could you kindly elaborate on the topic of crypto taxes in Australia? I'm curious to know if it's possible to circumvent these taxes altogether. It seems that regardless of whether I have capital gains or income derived from cryptocurrency, the Australian Taxation Office has made it abundantly clear that taxes are applicable. However, I've heard rumors that there might be strategic ways to optimize my tax position and potentially reduce my overall tax burden. Is this true? Or is it simply a myth, and I cannot avoid paying taxes on crypto in Australia completely?
