Crypto tax in Australia
Rules verified in September 2026.
Short term
up to 45% + 2% Medicare
Long term
50% discount (12 months or more)
Threshold
12 months or more for the discount
Annual allowance
Not applicable
Cost method
FIFO or specific identification (with records)
Legislation
ITAA 1997 Div 115 (s. 115-25); Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (1/7/2027)
In short
Australia treats crypto as a CGT asset. Short-term gains are taxed at the marginal rate (up to 45%, plus 2% Medicare levy). For assets held 12 months or more, a 50% discount applies to the gain. Note: the law passed in June 2026 replaces the 50% discount with inflation indexation of the cost base and a 30% minimum tax on the gain, for disposals from 1 July 2027; gains accrued up to that date keep the discount.
Key points
- 50% discount on gains for holdings of 12 months or more
- Short term: marginal rate (up to 45% + 2% Medicare levy)
- FIFO or specific identification (with records identifying each unit)
- Mining = ordinary income
- Every crypto-to-crypto trade is a taxable event
- File in the Tax Return via myTax
- 50% discount ends on 1 Jul 2027 (indexation + 30% minimum); earlier gains protected
Frequently asked questions
How much tax do you pay on crypto in Australia?
up to 45% + 2% Medicare · 50% discount (12 months or more). Australia treats crypto as a CGT asset. Short-term gains are taxed at the marginal rate (up to 45%, plus 2% Medicare levy). For assets held 12 months or more, a 50% discount applies to the gain. Note: the law passed in June 2026 replaces the 50% discount with inflation indexation of the cost base and a 30% minimum tax on the gain, for disposals from 1 July 2027; gains accrued up to that date keep the discount.
Is there an annual allowance on crypto gains in Australia?
There is no crypto-specific annual allowance on capital gains in Australia.
Which method is used to match buys and sells?
It depends on the country: FIFO (the first unit bought is the first sold) in Portugal, Spain, Germany or Belgium; weighted average cost in France, Luxembourg or Brazil; LIFO in Italy; the Section 104 pool in the UK. ChainFolioAI applies the chosen country's method to your history (in some countries with a simplification, stated on this page) and exports the result.
Calculate on your own history
The rate is only half the problem. To file, you need to match each disposal to the right acquisition under the country's method (FIFO, average cost, LIFO…), convert to your currency at the date of each transaction, and separate short-term from long-term. ChainFolioAI does this from your transactions — connect wallets read-only or import a CSV from your exchange — and exports to PDF or Excel.
Other countries
⚠️ General information, not tax advice. Rules change and your situation may have specifics (residency, professional activity, staking, mining). Confirm with an accountant or your tax authority before filing. ChainFolioAI is not an exchange or a crypto-asset service provider and does not report your data to any tax authority: reporting duties (DAC8, CARF) fall on exchanges. The reports you export are yours alone.