SolanaBlenderAustralia Crypto Tax Guide (ATO Overview)
This page summarises how the Australian Tax Office (ATO) treats cryptocurrency, including capital gains, income, and record‑keeping requirements. Learn how wallet hygiene supports accurate, private, and compliant records.
1) How the ATO treats cryptocurrency
The ATO considers cryptocurrency to be a CGT (capital gains tax) asset. When you sell, trade, or exchange it, you may make a capital gain or loss. Crypto received as income (e.g., mining, staking, airdrops, business payments) is treated as ordinary income.
This is a neutral educational summary and not tax or legal advice.
2) Taxable events recognised by the ATO
Selling crypto
Disposing of SOL or other crypto for AUD or another currency triggers a capital gains event.
Trading or swapping
Swapping SOL for another token (even without converting to AUD) can be a taxable event.
Spending
Using crypto to buy goods or services also counts as a disposal, requiring valuation at market price in AUD.
Receiving income
Mining, staking, or business payments in crypto are taxable as ordinary income when received.
3) Record‑keeping expectations
- Date, value in AUD, and purpose of each transaction.
- Wallet addresses, transaction IDs, and counterparties.
- Exchange records or API exports where relevant.
- How the market value was determined (source or exchange rate).
Wallet hygiene simplifies tracking and reduces the risk of incomplete or duplicate entries.
4) Using SolanaBlender for better ATO compliance
Clear separation
Keep distinct wallets for holding, trading, staking, and business use to streamline tax preparation.
Private routing
SolanaBlender allows safe internal transfers without exposing entire activity publicly while retaining internal logs.
Accurate basis tracking
Cleanly separated wallets make it easier to calculate and document cost bases for each CGT event.
5) Official resources
Explore related guides: UK (HMRC) · U.S. (IRS) · EU (MiCA)