₿ Your Crypto Details
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Total AUD paid including exchange fees
$
Total AUD received including exchange fees
$
Shares, property etc. — offsets capital losses
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Crypto Capital Gains Tax Payable
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Capital gain
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Taxable gain (after discount)
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Net profit after tax
📋 Tax Breakdown
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Crypto Tax in Australia 2025: ATO Rules Explained
The ATO treats cryptocurrency as property for tax purposes — not as currency. This means every disposal of crypto (sale, swap, or use to purchase goods) is a CGT event. You must calculate and report the capital gain or loss on your tax return, and keep records of every transaction.
Key ATO Crypto Tax Rules 2025
| Rule | Detail |
|---|---|
| Crypto is property | Every sale, swap or use is a CGT event (not just converting to AUD) |
| 12-month CGT discount | 50% discount on gains if held 12+ months before disposal |
| Cost base method | FIFO (first in first out) is simplest; HIFO also accepted |
| Crypto-to-crypto swaps | Taxable event — must calculate gain/loss at time of swap |
| Mining/staking income | Taxed as ordinary income at market value when received |
| Capital losses | Can offset other capital gains; excess carried forward |
| Record keeping | Must keep records for 5 years after disposal |
Not tax advice. Crypto tax is complex — consult a registered tax agent experienced in cryptocurrency. ATO guidance at ato.gov.au/crypto.
Frequently Asked Questions
Do I pay tax on crypto in Australia?
Yes. The ATO treats crypto as property — every disposal triggers a capital gains tax (CGT) event. This includes: selling crypto for AUD, swapping one crypto for another, using crypto to buy goods or services, and receiving crypto as payment. Mining and staking rewards are taxed as ordinary income when received. You must report all crypto activity in your tax return.
What is the 12-month CGT discount for crypto in Australia?
If you hold a cryptocurrency for 12 months or more before selling, only 50% of the capital gain is included in your taxable income. For example, a $30,000 gain on Bitcoin held for 18 months becomes a $15,000 taxable gain. At 37% marginal rate, you pay $5,550 tax instead of $11,100 — the 12-month rule saves $5,550.
What records do I need to keep for crypto tax in Australia?
The ATO requires: date of each transaction; AUD value at time of transaction (use the exchange rate at that date); type of transaction; the crypto asset and quantity; exchange fees paid; and wallet addresses. Keep records for 5 years after the disposal. Most major exchanges provide transaction history exports — download these at the end of each financial year.