Crypto Tax Blog

What Happens If You Lose Access to Your Cryptocurrency? Cryptocurrency has become an increasingly popular investment, with millions of Australians engaging in the digital asset market. However, losing access to

Crypto Investor vs. Trader: Tax Implications Navigating cryptocurrency tax regulations can be challenging, especially when distinguishing between being a crypto investor and a crypto trader. This classification is crucial as

What is the ATO’s classification of cryptocurrency? Cryptocurrency has become a prominent financial asset in Australia, with millions of Australians engaging in trading, investing, and decentralised finance (DeFi) activities. However,

Are Airdrops Taxable in Australia? Cryptocurrency airdrops, often seen as “free money,” are a popular method for blockchain projects to distribute tokens and promote their platforms. However, in Australia, receiving

How do I choose a cryptocurrency exchange? Are you looking to dive into the world of cryptocurrency trading in Australia? With the growing popularity of digital currencies, selecting the right

How Does The ATO View Crypto Asset Wash Sales? The Australian Taxation Office (ATO) takes a firm stance against crypto asset wash sales, viewing them as a form of tax

What Happens If You Don’t Report Your Cryptocurrency Activities? In recent years, cryptocurrency has become an increasingly popular investment and trading option for Australians. However, many individuals may not be

Why You Need a Cryptocurrency Accountant: Navigating the Complex World of Crypto Taxation In the rapidly evolving landscape of cryptocurrency, investors and traders are facing increasingly complex tax obligations. As

How Can You Store Cryptocurrencies Safely? In the rapidly evolving world of digital assets, safeguarding your cryptocurrency investments is paramount. As an Australian investor, understanding the best practices for secure

How does the 12-month CGT discount apply to cryptocurrency? Cryptocurrency investors can benefit from a significant tax advantage known as the 12-month Capital Gains Tax (CGT) discount. This article will

What Are The Tax Implications Of Yield Farming? Yield farming has become an increasingly popular strategy in the world of decentralised finance (DeFi), allowing cryptocurrency holders to earn additional returns

Can I claim losses on cryptocurrency investments? Understanding Cryptocurrency Taxation The Australian Taxation Office (ATO) treats cryptocurrencies as assets for Capital Gains Tax (CGT) purposes. This means that any disposal

How does cryptocurrency affect my eligibility for government benefits? As cryptocurrency gains popularity, many people wonder how owning or trading digital assets might affect their eligibility for government benefits. This

How does the ATO view multi-signature wallets for tax purposes? As cryptocurrency adoption continues to grow in Australia, it’s crucial for investors to understand how the Australian Taxation Office (ATO)

How does the ATO view privacy coins for tax purposes? In recent years, the Australian Taxation Office (ATO) has intensified its focus on cryptocurrency taxation, including the treatment of privacy