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

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

Thank you

Thank you so very much Tania.

Words cannot adequately express how grateful I am to you for your assistance with my complicated foreign matter.

You are approachable, understanding and patient and worked tirelessly, even over weekends, to attain an outcome beyond my expectations.

I’m finally able to sleep at night, thank you.

Amanda P—March 2017

Thank you from the bottom of our hearts: tax debt

Fantastic help

OMG – it’s the truth – you told the truth – that’s a strategy?! I LOVE it – I’m so happy – however the [government agency] responds will be OK by me. It’s perfect, you have made sense of a time in my life and behaviour and responses I didn’t understand.

The reasoning and explanation in your letter is more valuable to me personally than the [agency’s] outcome. A win would be great, but no matter what happens, I can definitely take heed of this, develop better insight, work on improving my response to confronting and conflicting events and have a happier life, which is and must be the ultimate goal.

Seriously grateful and overwhelmingly impressed by your ability to nail the issues in such a way that I will have peace of mind no matter what the outcome.

Rosemary

Rosemary P—November 2014

Very fortunate to find her

Tania, thank you sincerely for the result you have achieved with the ATO who carried out an audit on my 2002 return (in 2014!). This was an incredibly stressful time with no records, living in another country and an accountant who was very unhelpful.

You have achieved an amazing result, one which I could not have achieved without your professional help. My final ATO account was a mere 1.3% of the original ATO invoice. Now I can resume a normal life.

Sincerely,

Jasmine

Jasmine A—April 2015

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Recognition

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law society of new south wales logo - Tax Lawyer Sydney Melbourne
the tax institute logo - Tax Lawyer Sydney Melbourne
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