Heads up for any #AUSTriches who aren't aware yet, but Australia has capital gains tax exemption for amounts under $10k
"If your crypto is a personal use asset, capital gains or losses from disposing of it may be exempt from CGT. Crypto is a personal use asset if it is kept or used mainly to purchase items for personal use or consumption.
A capital gain on a personal use asset is subject to CGT if it cost you more than $10,000 to acquire the asset."
https://www.ato.gov.au/individuals/capital-gains-tax/list-of-cgt-assets-and-exemptions/#Cryptoassets
Does anyone know if you have pumped more than 10k into Bitcoin, can you buy sats for spending, keeping them separate, without complicating your tax return?