Crypto tax in Australia

We have partnered with KPMG to make tax time a breeze with the crypto tax estimator.
View video to learn more about the KPMG tax estimator

If you trade on other exchanges, you can import your trades into the Crypto Tax Estimator.

In addition to the KPMG Tax Estimator, if you run an SMSF you can export reports that integrate directly with BGL. Alternatively, you can download a CSV or PDF of all of your transactions.

Most of the time (for ordinary investors) the ATO treats buying and selling cryptocurrency in the same way it treats buying and selling of shares. That means a CGT event occurs every time you dispose of your cryptocurrency. Which includes trading it for another cryptocurrency. If you make a profit on the sale or trade of a cryptocurrency, 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 seek professional assistance.

  • 01
    Log in to your account
  • 02
    Click Accounts
  • 03
    Click Tax - Powered by KPMG
  • 04
    Click Generate Tax Summary
View sample report here
Note: This is automatically done for you in the report.
Cryptocurrency AUD Price Date
Btc Bitcoin
13,272 .80
Eth Ethereum
326 .68
Xrp Ripple
0 .25545
Usdt Tether USD
1 .46000
Bch Bitcoin Cash
325 .49
Bsv Bitcoin SV
220 .27
Ltc Litecoin
59 .43
Eos EOS
3 .5225
Xlm Stellar Lumens
0 .09500
Etc Ethereum Classic
8 .78
Bat Basic Attention Token
0 .37941
Zrx 0x
0 .48666
Omg OmiseGO
2 .1880
Gnt Golem
0 .09079
Rep Augur
29 .98
Pla PlayChip
0 .00022

Prices are the last trade of the financial year. Can be used for tax calculation of the value of your crypto
holding for the purposes of reporting to the ATO (Australian Taxation Office).

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