Start by determining the difference between your purchase price and sale price of your cryptocurrency. This amount is your capital gain or loss.
Example: You bought crypto for AUD 5,000 and sold it for AUD 8,000. Your capital gain would be AUD 3,000.
In Australia, if you've held your crypto assets for over 12 months, you're eligible for a 50% capital gains tax (CGT) discount. This means only half of your capital gain is taxable.
Example: With a gain of AUD 3,000 from Step 1, if held for over 12 months, only AUD 1,500 would be subject to tax.
The taxable gain (from Step 2) is added to your other income for the year to determine the final tax rate. Use the following table to check which tax bracket applies.
| Taxable Income | Tax Rate |
|---|---|
| Up to AUD 18,200 | 0% |
| AUD 18,201 – AUD 45,000 | 19% |
| AUD 45,001 – AUD 120,000 | 32.5% |
| AUD 120,001 – AUD 180,000 | 37% |
| Above AUD 180,000 | 45% |
Enter your purchase and sale prices, select "Australia" as your country, and choose your holding period. The calculator will estimate the tax based on the data entered.
You bought crypto for AUD 2,000 and sold it for AUD 5,000 within 10 months. No CGT discount applies, so the full AUD 3,000 gain is added to your income and taxed.
You bought crypto for AUD 5,000 and sold it for AUD 10,000 after 2 years. The gain is AUD 5,000, but with the 50% CGT discount, only AUD 2,500 is taxable.
If you have a taxable gain of AUD 2,500 and other income of AUD 45,000, your total taxable income becomes AUD 47,500. Based on this bracket, your tax rate will be 32.5%.
For more details, refer to the Australian Taxation Office (ATO) official guidelines on crypto assets.