Blockchain & Cryptocurrency Advisory

Yes. The ATO treats cryptocurrency as a capital gains tax asset, not as money. That means disposing of crypto, by selling, spending, gifting, or swapping it for another crypto, can be a taxable event you need to report. Some activity, such as staking, mining, and airdrops, is instead treated as ordinary income when you receive it.

For most people, crypto is held as an investment, so gains are taxed under the capital gains tax rules, with a potential discount where an asset is held for more than 12 months. If the ATO considers you to be carrying on a business of trading crypto, your profits are instead treated as ordinary income. We assess your activity to make sure it is classified correctly, because the difference is significant.

Staking rewards, mining rewards, and airdrops are generally treated as ordinary income at their value when you receive them. DeFi activities such as lending, providing liquidity, and wrapping tokens can trigger capital gains tax events, because they often involve disposing of one asset for another. This area is complex and the guidance is still settling, so we assess your specific activity rather than apply a blanket rule.

Yes. Swapping one cryptocurrency for another is a disposal of the first asset, which is a capital gains tax event, even though no cash changes hands. This applies on both centralised and decentralised exchanges, and it is one of the most missed obligations.

Yes. We reconcile your activity across centralised and decentralised exchanges, DeFi protocols, staking, and NFT marketplaces into a single, comprehensive tax report. Reconstructing dozens or hundreds of scattered transactions at year-end is exactly the work we take on.

The core treatment of crypto as a capital gains tax asset remains in place. However, the 50% capital gains tax discount is being reformed from 1 July 2027, the ATO’s guidance on DeFi continues to evolve, and record-keeping scrutiny is increasing. We confirm the current position as part of every engagement.