Australia Crypto Tax Calculator 2024-2025

Capital gains are profits made from disposing of property - like stocks and crypto. Traditionally, a disposal meant selling your capital asset. For crypto, disposals include selling, trading, spending, and gifting crypto. Any capital gain you make will be subject to Income Tax, but if you’ve held your crypto for more than a year, you’ll receive a 50% discount. 

It depends on your profit, how much you earn in total annual income, and how long you held your asset before disposing of it. Both short and long-term gains are taxed at your Income Tax rate, but long-term gains receive a 50% discount.

Short-term capital gains are gains from assets you held for less than a year before disposing of them. Long-term capital gains are gains from assets you held for more than a year before disposing of them. The latter receive favorable tax treatment, so it pays to hold!

Your income dictates what tax bracket you fall into, and the amount of tax you’ll pay on your capital gains. Your holding period also determines this.

Our crypto tax calculator takes the figures you enter and deducts your purchase price from your selling price, less any allowable fees. Then it takes those figures and applies the tax rates, with the 50% long-term Capital Gains Tax discount considered.

This depends on how long you’ve held your investment, your total annual income, and the transactions you’ve made. Crypto income and short-term gains may be taxed at up to 45%, while long-term gains receive a 50% discount.

Your purchase price is whatever you paid for your crypto, plus any allowable fees. It’s also known as your cost basis. In instances where you have multiple assets of the same kind, the ATO states investors may select from different cost basis methods including FIFO, LIFO, and HIFO. Koinly can help with this, and you can learn more in our cost basis guide.

Our tool uses your annual income to figure out what tax bracket you fall into so it can more accurately estimate the amount of tax due.

How long you owned your crypto before disposing of it directly impacts the amount of tax you’ll pay. Both short and long-term gains from crypto are subject to Income Tax, but long-term gains receive a 50% discount.

Koinly works with CPAs and leading crypto tax experts to ensure it follows the ATO guidance on crypto tax. For this tool, we sourced our tax rates from the ATO website to give accurate estimates. However, this tool should only be used for estimation purposes only, and not as financial advice or consultation.

In Australia, the tax deadline falls on October 31 each year. Any tax due is payable by this date at the very latest.

There are many steps investors can take throughout the financial year in order to optimize their tax liability - including using Koinly’s tax optimization tool to identify unrealized losses and gains to harvest. Learn more in our tax loss harvesting guide.

Purchase and sale fees are deductible! This means they can be factored in as allowable expenses when calculating your cost basis, so you can use fees to reduce your tax liability.

Crypto is subject to Income Tax, but the amount you’ll pay depends on your annual income, how long you’ve held your crypto and your specific transactions. Learn more in our Australia crypto tax guide.