How to Pay $0 Tax on Cryptocurrency Gains in Australia | Explaining the Personal Use Asset Method

Did you know there is one way you can pay $0 tax on cryptocurrency gains in Australia? This is through the personal use asset clause but it only applies in certain circumstances. In today’s video I go through these circumstances and explain why this won’t apply to most people. I also talk about tax on Bitcoin, Ethereum and other crypto assets. Finally I touch on the fact that Tesla are now accepting Bitcoin for purchases and what this means. --- Were you aware of the Personal Use Asset clause? --- 📺 Subscribe to this channel - https://www.youtube.com/c/ethanroosho... --- 🔥 Join Our Discord! The Rooshocks Discord allows me to answer questions about Business, Tax, Crypto and NFTs. It’s also the place where you can get up to date information on my NFT project, Rooshocks! -   / discord   --- 💰 My Accounting Business - https://rooshockaccounting.com.au/ — 🖼️ My NFT Project, Rooshocks - https://rooshocks.xyz/ — 💼 How I Track My Crypto Investments for Tax Time Summ (Previously Crypto Tax Calculator) - https://cryptotaxcalculator.io?fpr=xo5ak (Get 20% Off using the code BFF2020) Koinly - https://koinly.io/?via=9B29D87A CoinTracking - https://cointracking.info?ref=E484421 --- ✏️ How I Track My Investments for Tax Time - https://portfolio.sharesight.com/refe... --- 📈Digital Surge (Australian Based Crypto Exchange) - https://digitalsurge.com.au/?ref=6SK2Q --- 💸Pearler (Australian Based) ($9.50 brokerage and Free Brokerage on Some ETFs) - https://pearler.com/home?deal=rooshock --- ✍ Personal Finance Blog - https://ethanrooshock.com/ --- Ethan 'Rooshock' (Rucioch) is an Australian business owner in his mid 20's. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling as well as watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even some social media marketing content. --- CONNECT WITH ME HERE: 👍 Facebook -   / ethan-rooshock   📷 Instagram -   / ethanrooshock   🐦 Twitter -   / ethanrooshock   🎵 Tik Tok -   / ethanrooshock   💼 LinkedIn -   / ethan-rucioch-037b44a3   ✉ Email - [email protected] --- Music - https://www.bensound.com --- Disclaimer The information in this video and on this YouTube channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks Pty Ltd or any other related party may receive a commission through these. --- #cryptotax #taxoncrypto #taxonbitcoin