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Australia’s Crypto Tax Rules: Income vs. Capital Gains Explained

4/18/2025

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Summary

Story summary

In Australia, cryptocurrency profits are taxed as income or capital gains tax (CGT).
CGT applies to crypto sales or trades, taxed at marginal rates, with a 50% discount for holdings over 12 months.
Income from crypto earned through employment is taxed at standard income tax rates, with no discounts.
Investors and traders face different tax rules; traders cannot claim the 50% CGT discount but may access a small business tax offset.

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Story summary

In Australia, cryptocurrency profits are taxed as income or capital gains tax (CGT).
CGT applies to crypto sales or trades, taxed at marginal rates, with a 50% discount for holdings over 12 months.
Income from crypto earned through employment is taxed at standard income tax rates, with no discounts.
Investors and traders face different tax rules; traders cannot claim the 50% CGT discount but may access a small business tax offset.