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A tax expert's tips on claiming crypto losses on tax, and how to work out capital gains

  • Written by Elizabeth Morton, Research Fellow of the RMIT Blockchain Innovation Hub, Lecturer Taxation, RMIT University
A tax expert's tips on claiming crypto losses on tax, and how to work out capital gainsShutterstock

So, you’ve bought crypto. You’re not alone. Though the statistics are inexact, some surveys suggest as many as 21% of Australian adults now own crypto assets (and that a further 8% have owned them in the past).

If you managed to make gains in the past year, you may need to pay extra tax. Or you may be able to use losses to...

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