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

Lamees, You honestly have no idea what this has done for us today, I have been off unwell today but I have just seen this and it has made my entire YEAR…….this WILL get us through and we ARE now going to be able to well and truly do this……I can NOT thank you enough Lamees.

I have just seen this and it has made my entire YEAR

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

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

Gobsmacked – unbelievable client service from tax lawyer

Can I please just say how gobsmacked I was that you would make yourself available for a  client, let alone a new client on a Sunday. Unbelievable client service.!!!! .That is above and beyond service. You certainly are what your website promotes. Thank you.

Shane B—April 2018

Some sanity returns to my life

For many years I have lived overseas and paid tax in my country of family residence and employment. You can imagine my surprise when I received a letter from ATO suggesting I might owe a return for the past 2 years including a list of overseas income. Alarm bells rang as I did indeed owe some returns, but fixing the issue opened a whole Pandora’s Box of issues that I knew could only be solved by a professional expert in Taxation Law.

I trolled the Internet for hours looking for a Tax Lawyer in my home city, most of whom were from very big firms. When I came upon Waterhouse Lawyers I immediately felt that I had found the right people even though we were miles apart. I engaged Tania and her team without a moment’s hesitation and was on board as a client minutes after discussion with one of her team.

Tania and her team have exceeded my expectations in all respects. At last I can sleep at night and find speaking to them a bright spot in my day. They quickly put me at ease by breaking down my issues into separate parts and providing solutions for each. Their honesty and really profession approach to client interactions is enhanced with their ability to make you feel that they are part of your family and really do care about outcomes that are in your best interest rather than feeding the corporate revenue stream.

I unreservedly commend Tania and her team to anyone with a Tax related issue.

Philip K—November 2015

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