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

In disbelief at the positive ATO experience

I slept well last night for the first time in a long time, after which this morning, feeling rested was almost like a strange experience!

Many many thanks for co-ordinating such a positive and eventful meeting with the ATO. I was still in disbelief after we left, not only at the extraordinariness of the synchronicities that became apparent, but also at how everybody worked collaboratively towards a favourable resolution.

You were right in advising me the way you did beforehand, and I am tremendously grateful for that.

I’m looking forward to resolving all this soon and getting back on track with timely lodgement of my returns as and when they are due from now on.

Thank you again Tania, for your continued good work.

Michael K

Michael K—April 2015

Dear Tania

I want to thank you for responding so promptly to my request for assistance and thank you so much for assigning Lamees to look after our case.

She has been so very good to work with, I appreciate her skill at listening closely and understanding the specific details very quickly. She has assisted me personally by very gently managing my anxiety over this problem – by staying in touch and updating whenever possible.

We are of course hoping for a good outcome, but regardless of this it is comforting to know that she has a firm grasp of the issue and is dealing with it professionally and with sensitivity.

Kindest Regards

Help with DPN, tax debt

Wish we had found you earlier

Thank you so much for your help. I just wish we had found you two years ago when we first starting having problems with the Tax Office.

Maria M—February 2015

Superannuation Guarantee – thank you

Good morning Tania,

Thank you again for all your help with the AustralianTaxation Office (ATO) Super Guarantee negotations.

I would like to thank you and your associates from the bottom of my heart, for your tireless work and efforts without I have no doubt I would not be sitting here today.

Majorie L—July 2018

Thank you Pious for today. Both you and Michael were excellent in the meeting with ATO. As a matter of fact everyone at Waterhouse Tax Lawyers I have dealt with has been outstanding in making sense of all this.

Thank you Pious

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