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Should you leave Australia to avoid paying 47% tax on crypto gains? — TradingView News

Should you leave Australia to avoid paying 47% tax on crypto gains? — TradingView News

In part one of our special on how to avoid Australia’s massive hike in capital gains taxes on crypto in July next year, we looked at borrowing against your Bitcoin or setting up a self-managed super fund (SMSF), among four ways to mitigate the impact of the taxes.

While an SMSF offers Australians the greatest tax advantages, it’s only suitable for older investors, or those who are willing to lock up their crypto for decades until they retire. For younger investors, moving overseas could reduce your future crypto tax bills to 0% — but there are less drastic options to save on tax too.

5. Leave Australia and move to country with 0% CGT

Australia’s impending tax changes have already inspired crypto king Fred Schebesta, founder of…

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