Cryptocurrency Tax - Waterhouse Lawyers - Tax Law Specialists

Cryptocurrency Tax

The law around cryptocurrency tax is complex and on the radar with the Australian Tax Office. In 2020 the ATO issued approximately 350,000 notices to cryptocurrency investors.

It is important that you understand your tax obligations and keep accurate accounting records.

Waterhouse Lawyers have expertise in the crypto tax field; with specialised articles featured in both The Tax Institute and Thomson Reuters Tax Bulletin.

We understand crypto tax can be a grey area. Our expert cryptocurrency tax lawyers can help clarify topics such as:

  • Cryptocurrency and Capital Gains Tax;
  • CGT on Initial Coin Offerings (ICOs) when the value of the cryptocurrency is nil;
  • Converting cryptocurrency to fiat currency;
  • Tax laws around the sale or gift crypto;
  • Crypto-to-crypto trading;
  • Using crypto to obtain goods or services;
  • Personal use asset exemptions from CGT;
  • Chain splits of different versions of cryptocurrency;
  • Crypto tax reporting requirements to the ATO.

 

Need tax help?

We are here to help when your tax or superannuation affairs become overwhelming.

We can liaise with the ATO if you are being audited; obtain a payment plan for a tax debt; and represent you in a tax court case.

Need tax help?

We are here to help when your tax or superannuation affairs become overwhelming.

We can liaise with the ATO if you are being audited; obtain a payment plan for a tax debt; and represent you in a tax court case.

Satisfied Clients

Absolutely fate

Dear Tania

I cannot thank you and your team enough for the work undertaken to have my charges completely withdrawn during recent matters I was facing with the ATO. It was absolute fate that I contacted your office, but it was the best decision I could have made. From the very first phone call, you treated me with kindness and respect, despite the situation I had found myself in.

When one thinks of a Solicitor, it is easy to go straight to the stereotypical movie character with images of someone who is selfish, greedy and rude. But you, Tania, are the epitome of thoughtful, generous and compassionate and I will forever be in your debt for the kind and considered way you supported me from afar.

I highly recommend Waterhouse Lawyers to others who may be facing overwhelming situations regarding tax litigation, although, I hope to never require your services again!

Kindest Regards Tania,
Leisa F.

Leisa F – November 2020

Tax Debt Relief

Dear Tania

I would like to take this opportunity to thank Waterhouse Lawyers for the help you provided me to settle a tax debt this year.

You were able to relieve me of a substantial tax debt that had been incorrectly calculated on a property I previously owned.

I would also like to make special mention of Stefan Stojkovic, who dealt with the majority of my matter. He was diligent, quick and extremely helpful throughout a very stressful time in my life. Stefan was also very persistent and ensured he gathered all of the information that was needed to settle the matter as quickly and as seamlessly as possible. I truly appreciate the wonderful job he did!

Because of the efforts of Stefan and the team at Waterhouse Lawyers, I have since been able to move forward with my life.

I would happily recommend Tania and her team to anyone that is facing a tax debt.

Carolin L—November 2016

Tania and her team have been great with their advice and handling of my legal matters with the ATO and TPB.

Thank you Tania, Bernie, Alice, Coco and the others over the journey.

The legal advice has been A++, as was expected.

What was not expected was the caring and empathetic way the services was provided through the entire process. Legal matters are very stressful, and I felt that the Waterhouse team had my back along the way.

I really appreciate that Tania still checks in on me from time to time, even after the matter has been settled.

The Waterhouse team were supportive when needed, but also there was a good dose of reality when that was needed as well.

I certainly hope I will never need their services again, but I can sleep easier with the feeling I know where to go if I ever have another legal matter involving the ATO or TPB.

God bless to the Waterhouse team – my family’s future is safer and more secure by having you on my side.

Thank you for A++ help

Court hearing for failure to lodge tax returns less daunting

HI Tania,

Whilst daunting, your assistance and representation at the hearing for my failure to lodge tax returns made it possible, and easier than anticipated.

 

I didn’t realize how much it was weighing on me until I decided to take my first afternoon off in over 20 years (apart from illness) and have just woken up…

Looking around the courtroom I feel for some of those people in a similar position who had no representation

Louisa A—February 2019

Glad I found you – undisclosed foreign income

Thanks Tania.  Really appreciate how you have listed out the issues and what we need to do as next steps.  Glad I found you.

Merry N—July 2018

Credentials

Recognition

Law Council of Australia logo - Tax Lawyer Sydney Melbourne
law society of new south wales logo - Tax Lawyer Sydney Melbourne
the tax institute logo - Tax Lawyer Sydney Melbourne
Transfer Pricing Association Global logo - Tax Lawyer Sydney Melbourne