Australia Crypto Tax Calculator

Tax Treatment in Australia

The ATO treats cryptocurrency and other digital assets as property (CGT assets), not as currency or foreign currency. Disposing of cryptocurrency — whether by selling, exchanging, gifting, or using it to purchase goods and services — is a CGT event that may result in a capital gain or loss. If the cryptocurrency was held for more than 12 months, the 50% CGT discount applies, reducing the effective top rate to approximately 23%. Cryptocurrency received as payment for goods or services, through mining, staking, or airdrops may be treated as ordinary income and taxed at the individual's marginal rate.