Crypto and shares
Cryptocurrency and share trading.
Accounting for traders, where the number of transactions makes accurate records essential.
Overview
Accounting for people who trade cryptocurrency or shares, where the volume of transactions makes accurate record keeping essential rather than optional.
We make sure disposals are captured and reported in line with ATO requirements, whether you trade occasionally or constantly, and work through exchange records where the history is incomplete.
What this covers
- Cryptocurrency transactions
- Share and CFD trading
- Exchange and broker records
- Investor and trader treatment
- Record keeping
- ATO reporting
What we will need
- Transaction history exported from each exchange or broker
- Wallet addresses or records for on-chain activity
- Records of swaps, staking, airdrops and transfers between wallets
- Dividend and distribution statements, for shares
- Details of any prior year capital losses carried forward
- What you were doing in the year: investing, or trading as a business
Worth knowing
Swapping one coin for another is a disposal.
The ATO treats cryptocurrency as a CGT asset for investors, so a CGT event happens on each disposal, including swapping one cryptocurrency for another or using it to pay for something. People who trade as a business are taxed differently again, on revenue account rather than as capital gains, so settling which one applies to you comes first.
Who this is for
Crypto investors
Holdings, disposals and swaps reported as CGT events.
Active traders
High transaction volumes reconciled and reported.
Share investors
Parcels, dividends and disposals handled properly.
Anyone with gaps
Incomplete exchange histories reconstructed where possible.
Get in touch
Let's get your tax sorted.
Whether you're lodging your tax return or looking for ongoing business support, GBTax is here to help.
Send an enquiry and we'll come back to you to arrange a time, or email info@gbtax.com.au.