Cryptocurrency Tax Australia 2021 Update

Cryptocurrency Tax Australia 2021 Update

Tax time is approaching in Australia after a bullish year for bitcoin & crypto markets. We will discuss how things have changed in the past couple of years in the world of crypto accounting in Australia, good record-keeping strategies, as well as tax implications for DeFi, staking, yield farming, NFTs, airdrops, and more. It's more important than ever to get your crypto tax done correctly. Adrian from Crypto Tax Australia has sorted 1000s of our followers across Australia! #Crypto #Tax #Australia

Crypto Tax Australia:
https://cryptotaxaus.com.au/nuggets-news/
https://nuggetsnews.com.au/tax/
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Timestamps:
0:00 Introduction
1:15 DeFi tax implications & wrapped tokens
6:35 Earning interest on collateral across blockchains & software developments
8:45 Record-keeping crypto tax strategies
10:00 Blockchain differences & deferring your tax
13:25 Declaring your crypto gains & auditing
17:05 Staking cryptocurrency
21:20 Yield farming & liquidity pools
25:55 Airdrops
29:25 NFTs & gaming
33:35 Setting up companies and trusts
35:10 Final remarks
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❗ DISCLAIMER ❗

Alex Saunders is not a Financial Adviser. All opinions expressed by Alex Saunders or his guests in this video are for informational purposes only and should not be treated as investment or financial advice of any kind.

Any information provided during the video is general in nature and does not take into account the viewers specific circumstances. Nugget’s News and its individual team members are not liable to the viewer or any other party, for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances.

The viewer should always:
1. Conduct their own research,
2. Never invest more than they are willing to lose,
3. Obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.

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