KatanaBlade
Fri Jun 07 2024
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5 answers
531
Can I gift crypto to my wife in Australia?｜When you gift or donate crypto assets, you are disposing of them. Therefore, . You need to know the value of your crypto assets at the time you gift them to determine whether you make a capital gain or capital loss on the CGT event. donating crypto assets is a CGT event, similar to any other disposal of an asset
Could you clarify for me, please? If I were to present my crypto assets as a gift to my wife in Australia, what would be the tax implications? Would it be considered a disposal of my assets? Would I need to assess the value of my crypto at the time of gifting in order to determine if there is a capital gain or loss involved? Is gifting crypto similar to any other form of asset disposal in terms of capital gains tax?
