Are you confused about how to report your crypto on your tax return?
You’re not alone. With the explosive growth of cryptocurrency in Australia, the ATO is now paying very close attention to digital assets. Whether you’re buying, selling, trading, or earning interest, your crypto activity must be declared.
Let us help you stay compliant and avoid costly mistakes.
What is Crypto, and Why Is It Taxed?
Cryptocurrency is a digital asset – not classified as money or foreign currency by the ATO. Instead, it’s treated as property, and subject to Capital Gains Tax (CGT). That means every time you dispose of crypto – whether by selling, gifting, trading, or using it to buy something – you may trigger a taxable event.
Yes, even transferring coins between your own wallets might need tracking!
What the ATO Wants to Know
If you’ve done any of the following between 1 July and 30 June, you’re required to report it:
✅ Bought or sold crypto
✅ Swapped one crypto for another
✅ Used crypto to purchase goods or services
✅ Earned interest or rewards (staking/yield farming)
✅ Made a profit – or a loss
Even if you lost money, the ATO requires you to report it. Failing to do so could result in serious penalties.
What You’ll Need for Your Crypto Tax Return
Preparing your tax return doesn’t need to be hard. Here’s what to have ready:
✅ A full record of all crypto transactions (buys, sells, swaps, transfers)
✅ A crypto tax report from platforms like Koinly or Crypto Tax Calculator
✅ Wallet transfer records, including original cost base
✅ Details of any fees related to your crypto transactions
Did You Know?
The ATO likely already knows about your crypto.
They collect data directly from Australian exchanges and wallet providers – even dating back to 2014. That’s why it’s more important than ever to get your reporting right.
Don’t Risk It. Let the Experts Help.
We simplify crypto tax reporting for Australian individuals and investors. Whether you’re new to crypto or a seasoned trader, we’ll help you:
- Minimise your tax bill legally
- Avoid ATO penalties
- Maximise your deductions and carry-over losses
Stay compliant, be confident and let Viden Advisory take care of the numbers.
Disclaimer: This website is designed for informational and educational purposes. Although we exert diligent efforts to maintain the accuracy and reliability of the content, we must disclaim liability for any errors, omissions, or inaccuracies. The content provided is “as is” and is not accompanied by warranties, whether expressed or implied. It should not serve as the sole basis for financial or legal decisions.
Given the evolving nature of financial regulations and conditions, the accuracy and reliability of information may change over time. Users are urged to exercise due diligence and consult with a qualified financial professional for personalised advice. Viden Advisory Pty Ltd bears no responsibility for direct or indirect consequences, encompassing financial loss or legal matters stemming from the use or misuse of the information on this website.
Please be aware that the information, by no means, is a substitute for financial advice.
Don’t Risk It. Let the Experts Help.
We simplify crypto tax reporting for Australian individuals and investors. Whether you’re new to crypto or a seasoned trader, we’ll help you:
- Minimise your tax bill legally
- Avoid ATO penalties
- Maximise your deductions and carry-over losses
Stay compliant, be confident and let Viden Advisory take care of the numbers.
Disclaimer: This website is designed for informational and educational purposes. Although we exert diligent efforts to maintain the accuracy and reliability of the content, we must disclaim liability for any errors, omissions, or inaccuracies. The content provided is “as is” and is not accompanied by warranties, whether expressed or implied. It should not serve as the sole basis for financial or legal decisions.
Given the evolving nature of financial regulations and conditions, the accuracy and reliability of information may change over time. Users are urged to exercise due diligence and consult with a qualified financial professional for personalised advice. Viden Advisory Pty Ltd bears no responsibility for direct or indirect consequences, encompassing financial loss or legal matters stemming from the use or misuse of the information on this website.
Please be aware that the information, by no means, is a substitute for financial advice.
Contact us
We’re here to help answer your questions. Business matters can be complicated, our experts are on hand to help inform you of every aspect regarding your topic. We take great pride in using our expertise for you and look forward to hearing from you.
Business Hours
Open – Mon-Fri 8.30-5.00
Closed – Sat-Sun and Public Holidays
Contact Us
Viden Insights
Crypto, CGT & You!
Your Guide to Cryptocurrency and Your Tax Return Chat with us today [...]
RBA Cuts Rates to 3.60%
RBA Cuts Rates to 3.60% What this Means for You Chat with us today [...]
Superannuation Guarantee Update 2025
Superannuation Guarantee Key Dates & What to Do (Now at 12%) Chat with us today [...]
20% Student Loan Debt Reduction
20% Student Loan Debt Reduction What You Need to Know Chat with us today [...]
ATO Warns to Watch Out for Scams
ATO Warns to Watch Out for Scams Chat with us today With scams [...]