Hi guys, I've got a tax question
the ATO website says if you bought gold coins for below $500 and sell them, you pay no CGT as gold coins but not bars are deemed to be a collectable, even if you sell them now for $3500 or in a few years for $8000,
now if this applies to a person, would the person still have to tell their accountant about the sales, and they would just take a note that these gold coins were bought for below $500 so you don't pay CGT or is there no reason to even mention this to one's accountant anyway..
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