Eternity Group

Accounting · Cryptocurrency tax

Crypto Tax Accountant

Cryptocurrency is generally treated by the ATO as a CGT asset. We reconcile your exchange and wallet data and report your disposals, staking and airdrops accurately — general tax information, not financial-product or investment advice.

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Eternity Group Accountants is a registered tax agent (TPB 25523469). Information on this page is general in nature and does not constitute personal tax advice. Before acting, consider whether the information is appropriate to your circumstances and seek advice from a qualified tax professional.

Who we help

People who hold crypto and want their return right.

From a handful of trades to years of activity across several platforms, we help individuals report cryptocurrency correctly — without straying into investment advice.

Investors who have sold or swapped

If you have sold crypto for dollars, swapped one coin for another, or used it to buy something, a CGT event has generally happened — even when no Australian dollars touched your bank account.

People with a messy exchange history

Multiple exchanges, lost logins, wallet transfers and old trades make crypto records hard to piece together. We work through the data so your return reflects what actually occurred.

Stakers, earners and airdrop recipients

Rewards from staking, interest-style products and airdrops can have tax consequences when received. We help you identify what needs to be reported and on which label.

Anyone who got an ATO data-match letter

The ATO receives information from Australian exchanges and overseas sources. If you have had a prompt to review your crypto, we can reconcile your activity and bring your reporting up to date.

What this covers

Crypto reporting, end to end.

We turn raw exchange and wallet history into a return you can rely on, folded into your wider tax position.

Disposal & CGT reporting

Sell · swap · spend

We work out the cost base and capital proceeds for each disposal, apply the CGT discount where eligible, and report the net position. The framework is shared with our capital gains tax service.

Exchange & wallet data

Imports · transfers · gaps

We import and reconcile transaction history from exchanges and wallets, match transfers between your own accounts so they are not counted as disposals, and flag gaps so the numbers can be relied on.

Staking, airdrops & rewards

Income on receipt

At a high level, rewards from staking, lending-style products and airdrops can be assessable when received, with a separate CGT consideration on later disposal. We help you treat each item correctly for your facts.

Capital losses & prior years

Offset · carry forward

Where disposals produced losses, we record them so they can offset capital gains in the same year or be carried forward, subject to the rules that apply to your situation. No outcome is promised.

Lodgement in your wider return

One consistent picture

Crypto rarely sits on its own. We fold it into your full individual tax return alongside salary, investments and any other income, so the whole position is consistent.

Record-keeping you can keep using

A system, not a scramble

We help you set up a record-keeping habit — dated transactions, AUD values and the purpose of each one — so future years are far easier than catching up on a backlog of old trades.

How it fits

Crypto sits inside your wider tax picture.

Why reporting crypto well matters beyond the crypto itself.

Crypto is rarely the only thing in your return. A capital gain from a disposal can change your overall taxable income for the year, which in turn can affect Medicare levy thresholds, study loan repayments and offsets. Getting the crypto numbers right is part of getting the whole return right, which is why we prepare it inside your full individual tax return rather than treating it as a side calculation.

The framework itself is the same one used for other assets. If your gain relates to property or shares, or you simply want to understand how the discount and cost base work, our broader capital gains tax page is the better place to start — the crypto service here focuses on reconciling high-volume, multi-platform transaction data. And if you also hold an investment property, the same year-end thinking carries across to your rental property tax position, and into the wider accounting and tax work we do across the year.

Everything on this page is general information only. It is not financial-product or investment advice, and it does not take your personal circumstances into account. We do not recommend coins, comment on trading strategy, or promise any tax result — our role is accurate reporting based on what actually happened.

What to watch

Where crypto returns go wrong.

The common traps we see, so they can be avoided rather than corrected later.

A swap is still a disposal

Trading one cryptocurrency for another is generally treated as disposing of the first asset, even though you never converted to dollars. Forgetting these swaps is one of the most common reasons a crypto return is understated.

Cost base is easy to lose

Without the original purchase price in Australian dollars, the gain on a later sale can be overstated. Patchy records, closed exchanges and missing emails all make the cost base harder to prove later.

Investor versus trader

How your activity is characterised affects how it is taxed. Most individuals hold crypto as investors, but high-volume, business-like activity can be different. This depends on your facts and should be considered carefully.

Personal-use is narrow

The personal-use asset exemption is limited and often misunderstood. Buying and holding with an eye on value generally falls outside it, so it should not be assumed without checking your situation.

Process

From raw data to a lodged return.

A clear path that handles the reconciliation work for you, with a Chartered Accountant reviewing the figures before anything is lodged.

Initial conversation

We talk through which exchanges and wallets you have used, roughly how active you have been, and whether any prior years need attention.

Gather the data

You provide exchange exports, wallet addresses and any records you have kept. We give you a simple list of what to pull so nothing is missed.

Reconcile transactions

We import and match the data, line up transfers between your own accounts, and identify the disposals, rewards and gaps that need a decision.

Calculate the position

We work out cost bases, capital gains and losses, apply the CGT discount where eligible, and identify any income to report.

Review & explain

A Chartered Accountant reviews the figures, then we walk you through what they mean in plain English before anything is lodged.

Lodge & keep records

We lodge with the ATO and leave you with a tidy record set, so next year starts from a clean base rather than a backlog.

Frequently asked questions

Crypto tax — common questions.

For most individuals, the ATO generally treats cryptocurrency as a capital gains tax (CGT) asset rather than as money or foreign currency. That means a CGT event can happen when you dispose of crypto — by selling it for dollars, swapping it for another coin, or using it to pay for goods or services. Some activity, such as certain rewards, can instead be treated as ordinary income when received. How the rules apply depends on your circumstances, so this is general information only and not personal tax advice.

Eternity Group Accountants is a registered tax agent (TPB 25523469); the principal is a Chartered Accountant (CA ANZ 266544). The information on this page is general in nature, does not constitute personal tax or financial-product advice, and does not take into account your specific circumstances. We do not provide investment, trading or specific-coin advice. Tax outcomes depend on the facts of your situation and the current law for the relevant income year.

Related

Where to next

Crypto reporting connects to the broader CGT framework and your full return. Pick the piece you need, or start with a conversation and we will work out what applies.