ATO & Crypto Tax Basics

The ATO generally treats crypto assets as CGT assets. Most disposals trigger a taxable event, even if no AUD cash-out happens.

Typical CGT Events

• Selling crypto for AUD.
• Swapping one crypto asset for another.
• Using crypto to buy goods or services.
• Gifting crypto in many scenarios.

12-Month Discount

If eligible and held for more than 12 months, individuals may access a 50% CGT discount on gains. Conditions apply.

Record Keeping

Keep accurate records for every transaction: date, value in AUD, fees, and wallet/exchange evidence. Strong records reduce compliance risk.