Taxation Law - Cryptocurrencies and Their Taxation in Australia

Running head: TAXATION LAW
Taxation Law
Name of the Student
Name of the University
Author Note

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TAXATION LAW
Table of Contents
Part A: Written Letter of Advice.....................................................................................................3
Cryptocurrencies and their taxation in Australia.........................................................................3
Overview......................................................................................................................................3
Australian Tax Regulations..........................................................................................................3
Meaning of Cryptocurrencies.......................................................................................................4
Transactions Using Cryptocurrencies..........................................................................................4
Cryptocurrency Exchange............................................................................................................4
Investment....................................................................................................................................4
Summary......................................................................................................................................5
Part B...............................................................................................................................................5
Income Statement Using Accounting Standards..........................................................................5
Net Income as on 30 June 2018 Using Income Tax Law............................................................6
Distribution Statement of Partners...............................................................................................6
References....................................................................................................................................7

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TAXATION LAW