Crypto taxes in Australia, ATO-ready.
Import every transaction, apply the 50% CGT discount automatically, and get an ATO-ready capital gains summary — in minutes.
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Tax Rates
Capital Gains Tax with a 50% long-term discount
The Australian Taxation Office (ATO) treats cryptocurrency as a CGT asset, not as foreign currency. When you dispose of crypto (sell, trade, gift, or spend it), you make a capital gain or loss equal to the proceeds minus your cost base. Individuals and trusts who hold an asset for more than 12 months qualify for the 50% CGT discount — only half of the gain is included in your assessable income. The net gain is then taxed at your marginal income tax rate (0% to 45%, plus the 2% Medicare levy). There is no separate flat crypto rate. Crypto received as staking, mining, or airdrop rewards is taxed as ordinary income at its AUD value when received.
The 50% CGT discount applies to individuals and trusts (not companies) for assets held over 12 months. Crypto held for investment or trading is never a personal use asset — that exemption is narrow.
What's taxable
Taxable vs non-taxable events in Australia
Taxable events
- Selling crypto for AUD or other fiat currency
- Crypto-to-crypto trades (each is a CGT event)
- Using crypto to pay for goods or services
- Gifting crypto to another person
- Staking and mining rewards (income at AUD value when received)
- Airdrops received (generally income at AUD value on receipt)
Not taxable
- Buying crypto with AUD and holding it
- Transferring crypto between your own wallets
- A personal use asset acquired for under AUD 10,000 and used to buy goods/services
Tax Forms
Forms you'll need to file
Report your net capital gain (after applying the 50% discount) in the capital gains section of your individual tax return, lodged via myTax or a registered tax agent. Taxxy produces an ATO-ready capital gains summary.
Crypto earned as staking, mining, or airdrop rewards is ordinary income at its AUD value when received, declared in the income section of your return. That value also becomes the cost base for a later CGT disposal.
Taxxy separates capital gains from income events, flags disposals eligible for the 50% CGT discount, and produces an ATO-compatible capital gains summary ready for your return.
How it works
From transactions to tax report in 3 steps
Connect your exchanges
Link CoinSpot, Swyftx, Binance, Kraken, Coinbase, and 50+ others via API or CSV. Taxxy imports your complete transaction history automatically.
Taxxy applies the CGT discount
We calculate your cost base, identify disposals held over 12 months for the 50% discount, convert every value to AUD at transaction time, and separate staking/airdrop income from capital gains.
Download your ATO report
Get an ATO-ready capital gains summary, an income report for staking/mining/airdrops, and a full transaction CSV for your accountant.
FAQ
Common questions about crypto tax in Australia
How does the 50% CGT discount work?
If you are an individual (or trust) and hold a crypto asset for more than 12 months before disposing of it, only 50% of the capital gain is included in your assessable income. The included half is then taxed at your marginal rate. Companies do not get the discount. Taxxy tracks holding periods and applies the discount automatically.
Are crypto-to-crypto trades taxable in Australia?
Yes. Swapping one cryptocurrency for another is a CGT event. You must work out the capital gain or loss in AUD using the market value at the time of the trade. This applies to DEX swaps as well as trades on centralised exchanges.
What is the personal use asset exemption?
Crypto acquired for less than AUD 10,000 and genuinely used to buy personal goods or services can be exempt from CGT. The exemption is narrow — crypto held for investment, profit, or business is never a personal use asset, and holding it for a long time before spending disqualifies it.
How are staking rewards and airdrops taxed?
Staking, mining, and most airdrop rewards are ordinary income at their AUD market value when you receive them, declared in the income section of your return. That value becomes your cost base, so a later disposal is a separate CGT event on any change in value.
When is my Australian tax return due?
If you lodge your own return, the deadline is 31 October following the end of the financial year (30 June). If you use a registered tax agent, you generally have longer. The ATO runs data-matching programs with exchanges, so accurate reporting matters.
Ready to file your Australian crypto taxes?
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