Question 1

How is crypto taxed in Australia?

Accepted Answer

The ATO treats cryptocurrency as an asset subject to Capital Gains Tax. When you sell, swap, or spend crypto, you trigger a CGT event. If you held the asset for more than 12 months, you receive a 50% CGT discount. Losses can offset other capital gains.

Question 2

Do I pay tax on crypto I haven't sold?

Accepted Answer

No. You only pay tax when you dispose of the crypto — selling for AUD, swapping for another crypto, or using it to buy goods/services. Simply holding crypto does not trigger a tax event.

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