Hi,
My crypto platform gives me ongoing cash referral bonus where I receive a small ongoing percent of the fees that they make on my referrer trades.
Is this considered a gift or taxable and if so where do declare?
Hi @gabgab1,
The platform is lucky to have you to help them grow.
It's well worth having a look at what a gift is for tax purposes. A gift is something you receive for nothing. Because you're receiving the cash for a service, in the form of a referral, the cash isn't a gift.
If you use the cryptocurrency as an investment, you'll include the cash as investment income.
When you're in the business of cryptocurrency, the cash forms part of your assessable income.
Hi @gabgab1,
The platform is lucky to have you to help them grow.
It's well worth having a look at what a gift is for tax purposes. A gift is something you receive for nothing. Because you're receiving the cash for a service, in the form of a referral, the cash isn't a gift.
If you use the cryptocurrency as an investment, you'll include the cash as investment income.
When you're in the business of cryptocurrency, the cash forms part of your assessable income.
15 Apr 2026 · 8 min read time
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1 replies