AUS fags & tax

Do you have to pay your capital gains tax each year or if I made some gains here and there over a 2 year period, can I just wait until I cash out my crypto to pay the tax?

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Man those shorts look comfy as hell

Buying crypto. Taxable.
Swing Trading. Taxable.
Crypto to Crypto Trading. Taxable.
Gas Fees. Claimable Loss.
Cashing Out. Taxable.

It's a demon.

wabs on that!

Just don't cash anything til you move to a tax haven country for 183 days. Cashout. Pay no tax. Profit.

>Legs of a teenage boy.
>Arms of a woman in her 60s
>McDonalds milkers
>DANGER hair

What is this aesthetic called?

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God she's uggo

>What is this aesthetic called?
Visible depression?

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Checked. She looks like shit and I bet her personality is poison. Just goes to show the wall gets earlier and earlier with ever generation.

Shes really nice though. Why hate on women just because even the ugly ones dont want you?

el albino nigger

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Imagine the smell

>Shes really nice though
Well you can't possibly be talking visually, so it's pretty cool that you've met her in person. You're not basing you're opinion on her personality by her interviews and social media shit, right user? Please tell us more.

Unless you've got Covid. Then you can't smell anything.

Read about:FIFO / LIFO
Read about: basic ledger accounting
Read about: Tax return deadlines
If you care about paying and reducing tax and being worry free keep good records.
If you can’t on board capital/fiat without being seen by ato/kyc, expect to pay tax.
If you have old school unseen crypto buy Perth mint token to cash out in gold.

>If you can’t on board capital/fiat without being seen by ato/kyc, expect to pay tax.

I cant, but I'm happy to pay tax, the major concern is having to pay tax next financial year before I have actually realised my gains in fiat. I made 40k this year (after the financial year luckily) so does that mean next financial year I have to pull out of my capital in crypto to pay the tax on those gains? that feels like rape.

I don’t care and didn’t declare shit because I’m going to commit suicide in about four to six months via hanging or train

> happy to pay tax
fag

Did you cash out? Did you swap your gains into another crypto? If not, then no, because you didn't dispose of your crypto. Just read the ATO's page on cryptocurrency.

>Did you swap your gains into another crypto?

Yes. So does that mean I have to pay the tax man out of my hard earned crypto gains next year?

Yes. Problem is you will have to sell some of your stack to pay your bills. And then pay tax on that transaction too if you made money of course. Perhaps you can hold more than 12 months before you well to avoid further capital gains tax by getting an accountant and asking them to extend your tax return submission deadline from October 2021 to into 2022 like April.

Are you neet? You just add 40 k to your income. 40k is nothing. Come back when you have +500k ytd income and coughing up half of everything aren’t above a high wage.

>getting an accountant and asking them to extend your tax return submission deadline from October 2021 to into 2022 like April.

If I do this will I have to pay interest?

>Are you neet?

Yes on CentreLink aswell which is another added stress. I will probably have a new job soon though.

>Come back when you have +500k ytd income and coughing up half of everything aren’t above a high wage.

How much can I expect them to take?

I fucking knew she was a landwhale.

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No interest. Anyone who has advanced book keeping to do can ask this extension through a quality accountant. Will give you some time to get some cash togeather also

Gibs money 20/21 + income from job (probably fuck all) + Crypto gains profit in AUD$ value in all trades 20/21 = income 20/21

Put in tax calculator. Get tax amount to pay.
Next sell enough crypto to pay that bill and then some. (and generate another tax liability on that transaction) Pay your tax bill 20/21.
.
You need to accept this and plan for this kind of trading. Alternately don’t pay tax. Live large and burn it at both ends until they come for you

Unironically perfect slampig physique.

someone tell me how this isn't foolproof.

Just don't cash anything til you move to a tax haven country for 183 days (Malaysia for example). Cashout. Pay no tax. Profit.

Don't do it, user.

You have something to offer the world.

Death is inevitable, it can wait.

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