Cryptocurrency Tax

< Previous Service < Previous Service < Previous Service

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.

< Previous Service < Previous Service < Previous Service

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.

CALL US TODAY

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.

CALL US TODAY

< Previous Service < Previous Service < Previous Service

Satisfied Clients

Thank you from the bottom of our hearts: tax debt

Integrity shines

I would like to thank you once again for being so honest and fair with me and I very much appreciate your gesture to reduce your fees.

I would certainly recommend you to anyone looking for a good lawyer and one with integrity.

John

John T—February 2015

Fantastic knowledge and professionalism

Good Morning Paul,

Just wanted to pass on our appreciation for assisting us today and supporting our company with the ATO interview, your professionalism and knowledge was fantastic, thank you.

We understand it’s still along way away but we feel comfortable that we have selected the right professionals for the long task ahead.

Bill L—August 2017

Excellent outcome

We are most appreciative of all your counsel and hard work on this matter.

It has been delightful working with you, and congratulations to you and your team for securing this excellent outcome for us.

Andrew H—June 2016

When I was audited by the ATOI was given the wrong advice by my legal and accounting advisers. I was therefore left with a very unfavourable outcome and I had to object

I engaged the team at Waterhouse Lawyers for my audit objection and they were able to successfully reverse some very poor ATO decisions. I wish I had contacted Tania and team as soon as I received the original audit notice rather than trying to deal with the matter myself.

Unfortunately due to the original advice I had, the matter then progressed to something of a very serious nature. I contacted Tania and she very quickly returned my call and was able to give me advice at a time that was terrifying for me personally.

Tax Audit – Objection – grateful thanks

Relevant Articles

Crypto Tax Treatment

Tania Waterhouse 21 April 2021

Crypto Tax in Australia. Cryptocurrency is generally treated as a Capital Gains Tax (CGT) asset when it is sold. However, if you trade heavily in crypto […][…]

Cryptocurrency Tax

Cryptocurrency Tax

Need tax help?

Need tax help?

Satisfied Clients

Thank you from the bottom of our hearts: tax debt

Integrity shines

John T—February 2015

Fantastic knowledge and professionalism

Bill L—August 2017

Excellent outcome

Andrew H—June 2016

Tax Audit – Objection – grateful thanks

Relevant Articles

Featured Article

Crypto Tax Treatment

Credentials

Recognition