Optimise your crypto tax
We have partnered with Crypto Tax Calculator to simplify tax time
Independent Reserve clients receive a 30% discount off their first year with Crypto Tax Calculator.
Calculate your crypto tax obligations
Crypto Tax Calculator is available to Independent Reserve customers to help optimise your tax obligations with ATO-compliant crypto accounting methods.
Tax minimisation
ATO-compliant
Cross-platform support
How are Bitcoin and crypto taxed in Australia?
According to the Australian Taxation Office (ATO), cryptocurrency is considered an asset for capital gains tax (CGT) purposes.
Most of the time, the ATO treats buying and selling cryptocurrency the same as buying and selling shares. This means a CGT event occurs each time you dispose (sell or trade) your cryptocurrency. If you make a profit on your crypto trades then some, or all, of the gain may be taxed.
The rules are different depending on whether you bought the cryptocurrency as an investment, or if you acquired it to use in the same way as fiat money to pay for goods and services. If you’re carrying on a business in cryptocurrency, or you’re a professional trader, there are different rules again, and we suggest you speak to a qualified accountant
Access your Crypto Tax Calculator report today
Access your tax report and exclusive discounts in 3 steps:
- Log in to your Independent Reserve account.
- Navigate to Transactions and select Tax.
- Click “Get started with Crypto Tax Calculator”. Your Crypto Tax Calculator account will be automatically generated.
All of your transactions will be synchronised with your Crypto Tax Calculator account.
