Australian crypto tax calculator

Most of the time (for ordinary investors), the ATO treats buying and selling cryptocurrency in the same way it treats buying and selling shares. That means a CGT event occurs every time you dispose of your cryptocurrency, which includes trading it for another cryptocurrency. If you profit from the sale or trade of a cryptocurrency, then some or all of the gain may be taxed.

The rules differ depending on whether you bought the cryptocurrency as an investment or 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 a professional trader, there are different rules again and we suggest you seek professional assistance.