Re: [LINK] Bitcoin .. ATO's draft guidance

2014-08-24 Thread Brendan
On 25/08/14 01:27, Tom Worthington wrote: On 21/08/14 23:57, Frank O'Connor wrote: [] And no government in their right mind is going to accord them the status of a legal 'currency'. That power they will always prefer to keep to themselves. ... Governments are not the only ones issuing

Re: [LINK] Bitcoin .. ATO's draft guidance

2014-08-24 Thread JanW
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