Special Tax & Superannuation topics 2022-23 - Tax treatment of cryptocurrency losses

On successful completion of this topic, participants will be able to:

• Describe the three different possible tax treatments for gains/losses from the sale of assets
• Identify the key reasoning behind 'profit making undertaking' common law decisions Myer Emporium & Greig's Case
• Identify different cryptocurrency and NFT investments that may amount to 'profit making undertakings'
• Describe the tax risks and documentation requirements when treating client crypto losses on revenue account.

This session forms part of the Special Tax & Superannuation Topics Series. These concise 1.5-hour sessions have been specifically designed for an online platform to ensure training is informative, immersive and even fun. These sessions will:

• Ensure you get the critical knowledge you need while minimising your time out of the office.
• Assist you in providing proactive tax and superannuation advice and identifying tax planning opportunities early
• Help you avoid any possible traps and pitfalls
• Give you answers to the questions most relevant to you.

Our partnership with Thomson Reuters gives you the most up-to-date information, updated regularly and enhanced by our technical specialists.