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

I highly recommend Waterhouse Tax Lawyers to anyone who has an issue with the ATO. The team were all fantastic and particularly Tania Waterhouse – she is a life saver! My wife and I had what we perceived to be a huge problem with our SMSF – after speaking to Tania we engaged her to take over and communicate with the ATO on our behalf and the end result was way beyond our hopes. We can’t thank you enough Tania – you have made our year! Best wishes and eternal thanks from Tony and Alison.

Tania Waterhouse – she is a life saver!

Thanks for ATO tax advice

Dear Tania, thanks for your help. You have been instrumental in keeping my spirits high these past few weeks as the ATO enquiry was one of many issues I had to deal with at present.

When it comes to tax correspondence and official dealings with the ATO the usual anecdote is always to seek expert advice, but advice given is only one part of the story. The personable approach, understanding of your clients’ pain points and delivering on that developed empathy is many times more valuable in effect than perhaps the advice itself.

You aced that approach when dealing with my situation, understood my story and went far beyond the mile or service benchmark that I would normally expect any professional consultant would go to.

So, in that regards, I unreservedly am happy to recommend you to any contact I know who wants to get the right advice and in a way that he or she are also satisfied with the interaction.

Bob W—February 2019

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

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

A million thanks for a great result

Well thank you God & thank you Tania! I’m so grateful to you for your advice and for the time and care taken in the delivery so I could trust you and follow that advice. A very happy Christmas to you and many blessings as you have given me the best gift I could hope for.Lauren

Lauren D—December 2014

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