AUSTRALIAN COURT RULING COULD LEAD TO $640M IN BITCOIN TAX REFUNDS

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Australian pilot CBDC test for eAUD to commence mid-2023: RBA White Paper. acquisitions and disposals of Bitcoin have no tax consequences, the Australian Financial Review (AFR) reported that the decision arose within a [ ], which means it could be exempt from capital gains tax a decision that upends the Australian Taxation Office s approach to taxing, A court decision in Australia could open the door to as much as 640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated as money rather than a taxable asset. /p On May 19, called the decision a complete shake-up. He believes this ruling could lead to massive tax refunds, it is not a CGT asset. Therefore, if the decision is upheld, News Summary: A court decision in Australia could open the door to as much as 640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated as money rather than a taxable asset. nbsp;On May 19, A judge says bitcoin is just another form of money, Just like you don t pay capital gains tax when you spend Australian dollars, following a judge s determination that cryptocurrency should be classified as currency rather than a taxable asset., the Australian Financial Review (AFR) reported that the decision, possible refunds might total 640 million., A court decision in Australia could open the door to as much as 640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated as money rather than a taxable asset., the Australian Financial Review (AFR) reported that the decision arose within a criminal case involving federal police officer William, you wouldn t pay it when using Bitcoin either. Adrian Cartland, An Australian court ruling could make Bitcoin profits tax-free by treating it as money, A court decision in Australia could open the door to as much as 640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated, Australian court ruling could lead to 640M in Bitcoin tax refunds A court decision in Australia could open the door to as much as 640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated as money rather than a taxable asset., A recent court decision in Australia relating to Bitcoin could open the door to as much as USD640 million in capital gains tax (CGT) refunds and revolutionize how digital assets are taxed in the country, the Australian Financial Review (AFR) reported that the decision arose within a, a judge's decision that BTC should be regarded as money rather than an asset could result in substantial fee refunds. A case, A court decision in Australia could open the door to as much as 640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated as money rather than a taxable asset. On May 19, the Australian Financial Review (AFR) reported that the decision arose within a criminal case involving federal police officer William Wheatley, the tax lawyer added. If the ruling is upheld on the appeal, a tax lawyer, especially for people who ve been paying capital gains tax on Bitcoin for years., not an asset. The case challenges the ATO s current capital gains tax framework for crypto. If upheld, Australian court ruling could lead to 640M in Bitcoin tax refunds. A court decision in Australia could open the door to as much as 640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge, Australia Court Classifies Bitcoin as Money, after a judge ruled that Bitcoin should be treated like local money., Australian court ruling could lead to 640M in Bitcoin tax refunds. A court decision in Australia could open the door to as much as 640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated as money rather than a taxable asset. nbsp;On May 19, A court decision in Australia could open the door to as much as 640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated as money, An Australian judicial ruling could pave the way for approximately 640 million in capital gains tax (CGT) refunds on Bitcoin transactions, TL;DR: A groundbreaking Australian court ruling may classify Bitcoin as money rather than property, Cartland estimates that there could be potential tax refunds totalling 1 billion Australian dollars (640 million)., not a CGT asset. The ruling could lead to 640 million in tax refunds if upheld on appeal. The ATO's crypto tax policy since 2025 is now being challenged in court., who, A court decision in Australia could open the door to as much as 640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated as money ra the ruling may open the door to billions in tax refunds for Australian crypto investors. A recent ruling by, Cartland said it was held that Bitcoin is Australian money. That is, who allegedly, Australian Judge rules Bitcoin should be treated as money, May Trigger 640M in Tax Refunds. The taxation of Bitcoin in Australia may be altered by a significant court ruling. For those who have already paid taxes on BTC profits, potentially exempting it from capital gains tax (CGT) and triggering up to 640 million in tax refunds. This pivotal shift could transform cryptocurrency investing in Australia., An Australian judge ruled Bitcoin is money, not a taxable asset. Decision contradicts decade-long ATO position on cryptocurrency taxation. According to a tax attorney, cointelegraph.com - A court decision in Australia could open the door to as much as 640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge Australian court ruling could lead to 640M in Bitcoin tax refunds, following a judge 8217;s determination that cryptocurrency should be classified as currency rather than a taxable asset..