AI Summary
- ATO treats crypto as a CGT asset (property), meaning capital gains tax applies when you sell, trade, or spend it
- Crypto held for more than 12 months qualifies for a 50% CGT discount on the gain
- Gains are taxed at your marginal income tax rate, not a flat rate
- The report includes capital gains, derivatives income, staking and airdrop income, and portfolio balances
- Ready to share with your registered tax agent or use directly for your Australian tax return
What Is in This Report?
| Section | Purpose |
|---|---|
| ATO Capital Gains Summary | Total capital gains and losses |
| Summary of Income from Crypto Derivatives | Futures and options trading income |
| Other Income & Expense Summary | Staking, airdrops, mining income |
| Beginning of Year Balance | Crypto holdings at start of tax year |
| End of Year Balance | Crypto holdings at end of tax year |
| Capital Gains Transactions | Detailed disposal records |
| Crypto Derivatives Transactions | Detailed derivatives trades |
| Other Income Transactions | Detailed income and expense events |
| Asset Wise Profit & Loss | Profit and loss by cryptocurrency |
| Data Sources | Exchanges, wallets, and files used |
How the ATO Treats Crypto
The ATO treats cryptocurrency as property, meaning it is subject to Capital Gains Tax (CGT).| Event | Tax Treatment |
|---|---|
| Buy crypto with AUD | Not taxable |
| Hold crypto | Not taxable |
| Sell crypto for AUD | CGT event |
| Trade crypto for crypto | CGT event |
| Spend crypto | CGT event |
| Receive staking rewards | Income event |
ATO Capital Gains Summary
| Field | Description |
|---|---|
| Number of Transfers | Total crypto disposals |
| Sale Consideration | Total value received from sales |
| Cost of Acquisition | Total purchase cost |
| Short-Term Capital Gains | Gains from assets held 12 months or less |
| Long-Term Capital Gains | Gains from assets held more than 12 months |
| Total Current Year Capital Gains | Total gains before losses |
| Capital Losses | Losses from crypto disposals |
| Long-Term CGT Discount | 50% discount applied to eligible gains |
| Net Capital Gains | Final amount to report |
The 12-Month CGT Discount
Australian tax law allows a 50% discount on capital gains if the asset was held for more than 12 months.| Holding Period | Discount | Taxable Portion |
|---|---|---|
| 12 months or less | 0% | 100% taxable |
| More than 12 months | 50% | 50% taxable |
You buy BTC for A$40,000 and sell it after 14 months for A$60,000. Capital Gain: A$60,000 − A$40,000 = A$20,000 Since the asset was held for more than 12 months, the 50% Capital Gains Tax (CGT) discount may apply (for eligible taxpayers). Taxable Capital Gain after 50% discount: A$20,000 × 50% = A$10,000 So, the amount added to your taxable income would be A$10,000. KoinX automatically identifies which trades qualify for the CGT discount.
Summary of Income from Crypto Derivatives
If you trade crypto derivatives (futures or options), the report summarises your trading results.
| Field | Description |
|---|---|
| Total Realised Profit | Total derivatives profits |
| Total Realised Losses | Total derivatives losses |
| Fees Paid | Trading and margin fees |
| Net Profit or Loss | Final derivatives income |
ATO guidance on crypto derivatives taxation is still evolving. Professional advice may be recommended for complex derivatives activity.
Other Income & Expense Summary
This section records crypto received as income.
Examples include:
- Airdrops
- Staking rewards
- Mining income
- Salary paid in crypto
- Consultancy income
- Margin interest
- Mining costs
- Donations
- Consultancy expenses
- Brokerage fees
Beginning and End of Year Asset Balances
The report includes portfolio snapshots showing your crypto holdings at the start and end of the tax year.
| Field | Description |
|---|---|
| Asset Name | Cryptocurrency |
| Quantity | Amount held |
| Cost | Acquisition cost |
| Market Value | Current value |
| Remarks | Average price details |
- Shows your starting position for the year
- Helps verify that cost basis carry-forward is correct
- Useful for audit trail and reconciliation
Capital Gains Transactions
This section provides a detailed record of each taxable crypto disposal.
| Field | Description |
|---|---|
| Date Purchased | Acquisition date |
| Date Sold | Disposal date |
| Asset | Cryptocurrency |
| Quantity | Amount sold |
| Buy Value | Purchase price |
| Sell Value | Sale price |
| Gain/Loss | Profit or loss |
| Exchange | Data source |
Crypto Derivatives Transactions
This section lists all futures and options trades during the year.
| Field | Description |
|---|---|
| Date | Trade date |
| Asset | Underlying asset |
| Quantity | Trade size |
| Net Gain | Profit or loss |
| Type | Futures or Options |
Other Income Transactions
This section lists detailed records of income and expense events such as:
- Reward income
- Staking interest
- Airdrops
- Mining income
- Salary payments
- Consultancy income
- Donations
- Mining expenses
Asset Wise Profit & Loss
This section summarises profit and loss by cryptocurrency asset.
| Asset | Gross Profit | Gross Loss | Net Gains |
|---|---|---|---|
| ZK | A$488.35 | A$0 | A$488.35 |
| USDT | A$987,008.37 | A$1,671,932.96 | -A$684,924.59 |
| ETH | A$210,364.14 | A$78,010.93 | A$132,353.21 |
Data Sources
Personal Use Asset Exemption
Crypto may be exempt from CGT if it was used to purchase personal goods or services, the original acquisition cost was under A$10,000, and the crypto was not held as an investment. The ATO carefully reviews personal use claims.Frequently Asked Questions
Which KoinX reports do Australian users need?
Which KoinX reports do Australian users need?
The Complete Tax Report (Australia) provides a full overview of gains, income, and balances for your tax return.
Does the ATO treat crypto as property?
Does the ATO treat crypto as property?
Yes. Cryptocurrency is treated as a CGT asset, meaning capital gains tax applies when you dispose of it.
How does KoinX apply the 50% CGT discount?
How does KoinX apply the 50% CGT discount?
KoinX automatically identifies disposals where the asset was held for more than 12 months and applies the 50% discount.
Does the report comply with ATO guidelines?
Does the report comply with ATO guidelines?
Yes. The report follows ATO guidance on CGT calculation, cost basis methods, and income events.
What about the personal use exemption?
What about the personal use exemption?
Crypto used for personal purchases under A$10,000 may qualify for exemption, but the ATO scrutinises these claims carefully.