Quote from: racerx on December 10, 2013, 02:01:35 PM

I submitted the required paper work to the ATO for private ruling on the 06/12/13. At some stage I will want to sell some Bitcoins and wire the money to an Australian account. It will be over AU$10k so it will be flagged/recorded, hence I need to know how it will be viewed by the ATO. Rulings are binding for 12 months, even if other general rulings are made to cover that area after the private ruling is provided.

I want to know what my tax obligations are so I can calculate a sell price that leaves me with an acceptable figure.

I will keep this thread updated as things progress.

I'll be following this closely.

Is your request for a private ruling on mined coins or traded coins?