Tips and emerging issues with cryptocurrency and SMSFs
Matt Crofts from Crypto Tax Calculator provides an update on what’s happening in the crypto space and highlights important considerations for SMSFs.
In light of the recent collapse of cryptocurrency exchange FTX, Matt offers advice on what SMSFs should look for when choosing exchanges, how to keep on top of record keeping requirements, the potential implications for funds where crypto assets have been lost or frozen, and what the CGT consequences may be.
Matt also highlights some of the trends and emerging issues with cryptocurrency investing at the moment and what SMSF professionals and their clients need to be thinking about.
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