Crypto Tax Calculator Australia

Your Crypto Tax Summary

Capital gain / loss$15,000.00
50% CGT discount appliedYes
Taxable capital gain$7,500.00
Tax payable$2,775.00
Effective tax rate on proceeds11.10%
Net profit after tax$12,225.00

Important notes

The ATO treats cryptocurrency as a capital gains tax (CGT) asset, not as currency. Every disposal (sale, trade, or spending) is a CGT event.

If you held the crypto for more than 12 months before disposing of it, you may be entitled to the 50% CGT discount.

Capital losses cannot be offset against regular income — only against capital gains. Losses can be carried forward indefinitely.

You might also need

Capital Gains Tax Calculator

Calculate CGT on shares and investment properties

Income Tax Calculator

Calculate your total income tax including capital gains

Negative Gearing Calculator

Calculate tax benefits from investment property losses

How is cryptocurrency taxed in Australia?

The ATO treats crypto as a capital gains tax (CGT) asset. When you sell, trade, or use crypto to purchase goods or services, this triggers a CGT event. The gain is added to your taxable income for the year.

Do I get the 50% CGT discount on crypto?

Yes, if you held the cryptocurrency for at least 12 months before disposing of it, you are entitled to the 50% CGT discount as an individual. This means only half of your capital gain is included in your taxable income.

What happens if I make a loss on crypto?

A capital loss on crypto cannot be offset against your ordinary income (like your salary). However, it can be offset against other capital gains in the same year, or carried forward to offset capital gains in future years.

Do I need to report crypto on my tax return?

Yes. The ATO requires you to report all crypto transactions that result in a capital gain or loss. The ATO uses data matching with crypto exchanges operating in Australia.

Is crypto-to-crypto trading a taxable event?

Yes. When you trade one cryptocurrency for another (e.g., Bitcoin for Ethereum), the ATO treats this as a disposal of the first asset. You must calculate and report the capital gain or loss at the time of the trade.