At 11:31 AM 25/08/2014, Brendan wrote: >I find the categorisation of Bitcoin as an asset a little odd. >Barter systems typically rely on things of inherent use value. I'd >be intrigued to know where they locate it - ie a number - for tax purposes.
The strange thing about this is saying it attracts GST. I guess if they classify it as 'barter', which is subject to but seldom to my knowledge is enforced, the ATO can justify it. But if it's a pseudo currency, we'd be paying GST on bank transactions, heaven forbid. Jan Melbourne, Victoria, Australia jw...@janwhitaker.com Twitter: <https://twitter.com/JL_Whitaker>JL_Whitaker Blog: www.janwhitaker.com <https://www.amazon.com/author/jlwhitaker>JL Whitaker "On A Life's Edge" - US Amazon print and digital http://viewBook.at/OALEdge Apple iTunes: https://itunes.apple.com/au/book/on-a-lifes-edge/id893736824?mt=11 Sooner or later, I hate to break it to you, you're gonna die, so how do you fill in the space between here and there? It's yours. Seize your space. ~Margaret Atwood, writer _ __________________ _ _______________________________________________ Link mailing list Link@mailman.anu.edu.au http://mailman.anu.edu.au/mailman/listinfo/link
