Crypto Tax in Australia

A structured summary of how individual crypto taxation works in Australia — the tax regime, headline rate, accepted cost-basis methods, exemptions and anti-avoidance rules.

General information generated from our jurisdiction dataset, not tax advice. Rules change — verify with a local professional.

Individual crypto tax — Australia

General Information

Default Framework

IFRS

Crypto Classification

Intangible Asset, Inventory

Tax Year

Fiscal Year (M6)

Functional Currency

AUD

FX Source (Reporting)

RBA

FX Source (Tax)

ATO

Transaction Rate

Daily Spot

Hyperinflationary

✗ No

Individual Tax — Regime

Tax Regime

Capital Gains

CGT with 50% discount for assets held >12 months. FIFO or specific ID.

Tax Rate

45%

Marginal rates 0-45% on NET capital gain (after 50% discount if >12mo). Medicare levy +2%.

Individual Tax — Cost Basis

Measurement Basis

Historical Cost

Cost Method

FIFO

Method Electable

✓ Yes

Permitted Methods

FIFO, Specific ID

Country Override

Standard

Individual Tax — Exemptions

CGT Exempt

✗ No

Holding Period

> 365 days

HP Benefit

CGT discount

Annual Exemption

—

Threshold Exemption

—

Individual Tax — Anti-Avoidance

Wash Sale

✗ Off

Same-Day Rule

✗ No

Superficial Loss

✗ No

Loss Restriction

Unrestricted

Loss Carryforward

Unlimited

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Is crypto taxed for individuals in Australia?

Australia applies a Capital Gains treatment to individual crypto. The table above shows the headline rate, cost-basis method and any exemptions.

Which cost-basis method does Australia use?

See the cost-basis section above for the default method and the alternatives Australia permits for individuals.

Other jurisdictions

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