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

My kids, my wife and I, cannot thank you enough.

When we thought we had lost everything you gave us hope.

You are a kind, humble and competent lawyer.

You have such amazing caring quality, so honest and such a fighter.

We will never be able to repay you.

Jack C—August 2016

Hi Lamees,

Thank you for helping to get our GIC remitted on our tax debt. What a successful outcome.

You have been wonderfully helpful and empathetic through this whole stressful tax debt process. I really don’t know how we would have managed without you!

Kindest Regards

Joan

Lamees

Thank you Lamees for helping with the tax debt GIC remission

Big thank you from a happy yachtie

Dear Tania,

Well I would just like to thank you the hard work you applied in my case of non residency for tax purposes. Your background knowledge and experience in previous cases with yacht crew is clearly evident when dealing with Waterhouse.

The kind assistance throughout the ordeal was professional and courteous and was consistently kept up to date from start to finish, I will definitely recommend your firm to my fellow colleagues in the yachting industry!!!

Stuart E—July 2018

Frustrated with the ATO one size fits all approach and the original law firm that I chose’s approach to not wanting to upset the ATO, I came to Waterhouse on recommendation.
Lucky for me, Tania and Charm were in the job the next day, grab all the information, dissected it, got to the central issue and started work in a proactive and informative manner.
Told immediately that if the case had no merit they would look to settle or take a stronger proactive stance.
It took some time and work, but success followed and very grateful to Tania and Charm.
Thank you

Grateful to Tania and Charm

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

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

Jack C—August 2016

Thank you Lamees for helping with the tax debt GIC remission

Big thank you from a happy yachtie

Stuart E—July 2018

Grateful to Tania and Charm

Successful residency objection – grateful to Waterhouse Lawyers

John T—May 2019

Relevant Articles

Featured Article

Crypto Tax Treatment

Credentials

Recognition