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Author: Admin | 2025-04-28
Value you calculated when you received your crypto as your cost basis to calculate gains and losses.The tax for crypto trading such as margin trading, futures, and CFDs is a little complicated, so let's break down the taxes on crypto trading.Margin trading, futures, and derivativesCAPITAL GAINS TAXMargin trading with crypto involves borrowing funds from an exchange to carry out your trades and then repaying the loan later. There is usually an interest payment involved as well.The ATO does not currently provide any clear guidance on what taxes apply to cryptocurrency margin trading, futures, options, or other types of derivatives. So if you're an investor, it is worth getting professional advice.While there is currently no guidance on how this is taxed, it is important to note that there is a clear difference between margin trading and trading with futures, so the rules that apply to futures trading/speculation may not apply to margin trades.On a futures trade, you are speculating on the rise and fall of a coin.On a margin trade, you are borrowing funds to carry out some trades.Most exchanges have different platforms for both, for example, Binance allows margin trading on spot markets, whereas you have to trade on a completely different platform if you want to do futures as well - Binance Futures.Taking this into consideration, it is important to seek professional advice from a suitably qualified tax professional.CFDsINCOME TAX Contracts for Difference or CFDs are a complex area of taxation. The ATO has guidance - but it's quite
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