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

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

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I cannot thank you and your team enough for the work undertaken to have my charges completely withdrawn during recent matters I was facing with the ATO.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

GIC remission relief

That is such wonderful news about the remission of my GIC.

My tax predicament and trying to sort it all out has been rather worrying. I had managed to get myself in quite a state over it all.

But now light at the end of the tunnel.

I can’t thank you, Tania and your office enough for calmly and reassuringly guiding me through the process.

Thank you for taking on my case and thank you for the result – the sun is shining again.

Ludan B—September 2018

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

Successful residency objection – grateful to Waterhouse Lawyers

What a relief! I am thrilled with the ATO residency decision that I was a non-resident when I was working overseas.

And have you to thank for the amazing support, care and professionalism in every aspect of my case.

I have no doubt I have chosen the right lawyer for my needs and am very grateful for your expertise and diligence.

John T—May 2019

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