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Australia

Cryptocurrency Tax Information

Updated March 18, 2026

Capital Gains: 0-45% (marginal rates; 50% CGT discount if held >12 months)Income Tax: 0-45% (marginal rates) + 2% Medicare levy

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Tax Summary

Cryptocurrencies are treated as property (CGT assets) by the ATO. Capital gains on disposal are subject to CGT at marginal income tax rates. Certain activities like mining and staking generate assessable income taxed at marginal rates.

Quick facts

Capital Gains Tax

0-45% (marginal rates; 50% CGT discount if held >12 months)

Income Tax Rate

0-45% (marginal rates) + 2% Medicare levy

Capital Gains Tax

0-45% (marginal rates; 50% CGT discount if held >12 months)

• Crypto is classified as CGT assets for investors.
• Gains taxable on disposal (sale, trade, gift, use for payment).
• Exempt if personal use asset: cost ≤$10,000 and used personally soon after acquisition.
• 50% CGT discount for assets held >12 months (individuals).
• Losses can offset other gains; carry forward excess.

Income Tax

0-45% (marginal rates) + 2% Medicare levy

• Mining rewards: ordinary income at market value when received.
• Staking rewards: ordinary income at market value on receipt.
• Airdrops: usually ordinary income at receipt (market value); cost base = value.
• Trading as business: profits as ordinary income, not CGT.
• Expenses deductible if income-producing.

Reporting Requirements

• Report all CGT events, income from crypto in annual tax return.
• Use myTax online or paper Individual tax return; CGT schedule if needed.
• Lodge by 31 Oct (self-lodgers) or 15 May (agents) after FY end (30 Jun).
• Keep records 5 years: acquisition/disposal dates, costs, values in AUD.

Special Notes

• ATO data-matches exchange reports; non-reporting risks audits/penalties.
• DeFi, NFTs, wrapped tokens: CGT events apply.
• No wash sale relief; same-day/multiple transactions rules.
• Upcoming: Crypto Asset Reporting Framework (CARF) from 2027.
• Convert all values to AUD using reliable exchange rates.

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Australia Crypto Tax FAQ

Is cryptocurrency taxed in Australia?

What is the capital gains tax rate on crypto in Australia?

The capital gains tax rate for cryptocurrency in Australia is 0-45% (marginal rates; 50% CGT discount if held >12 months). • Crypto is classified as CGT assets for investors.

How do I report crypto taxes in Australia?

• Report all CGT events, income from crypto in annual tax return.

Are crypto-to-crypto trades taxable in Australia?

In most cases, crypto-to-crypto trades are taxable events in Australia. When you exchange one cryptocurrency for another, you may realize a capital gain or loss based on the difference between your cost basis and the fair market value at the time of the trade.

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Disclaimer: This information is AI-generated and for educational purposes only. Tax laws are complex and subject to change. Always consult with a qualified tax professional for advice specific to your situation.