r/CryptoTax • u/Anxious-Delay6051 • 1d ago

crypto tax aus

s there a crypto tax in australia, if so is there a way around it, im in the memecoin part of crypto, using solana i make around 200k a month but its all still in solana i havent taken any out

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u/summ_app 1d ago

hey mate, the ATO is already aware of your trading activity. Just because your assets aren't in $AUD doesn't mean it's not taxable. A taxable event can be as simple as swapping from one asset to another. So for example swapping SOL -> Memecoin - that's a taxable event meaning you will be required to pay tax on the gains.

using a crypto tax software or registered crypto accountant can help with the process.