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

Thank you from the bottom of our hearts: tax debt

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

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

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

Exceptional Service and Tax Knowledge

I am delighted with the results Tania has achieved in dealing with the Australian Taxation Office. My matter was complex.However, Tania was quick to understand the issues and able to prepare a strategy for my approval. Once I approved the strategy Tania immediately went to work and achieved a result my previous lawyers had not thought possible.

I believe Tania is a very intelligent and honest person. She has a great sense of intuition and a very commercial approach.  She also has a sense of urgency and diplomacy found only in a rare few.

Tania takes a pragmatic approach to solutions.  She has a very approachable manner and does not become intimidated by aggressive and complex situations.

I have no hesitation in recommending Tania to anyone needing assistance with their taxation matters.

Graeme

Graeme N—November 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