Crypto tax in Australia
Rules verified in September 2026.
Short term
Up to 45% (marginal)
Long term
50% discount (>1 yr)
Holding period
> 365 days for discount
Annual allowance
Not applicable
Legislation
ITAA 1997 s. 108-5 / ATO (2014–2023)
In short
Australia treats crypto as a capital asset (CGT). Short-term gains are taxed at the marginal rate (up to 45%). For assets held more than 12 months, a 50% CGT discount applies. The ATO requires reporting of all transactions.
Key points
- 50% CGT discount for holdings > 12 months
- Short term: marginal rate (up to 45%)
- Mining = ordinary income
- Every crypto-to-crypto swap is a taxable event
- Declare on Tax Return via myTax
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 FIFO, 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.