Hi,
If i Bought Crypto with my home countries fiat money over the years and then moved to Aus, should I be paying tax to the ATO or home countries tax authority when i decide to sell?
I do live and work in Aus currently with PR Visa.
Thanks
Hi @Investormatt,
When you become an Australian resident for tax purposes, your overseas capital assets would be looked at for market value from that time. This is classed as your acquisition date and is generally your arrival date.
If you then sell or dispose of the asset you would need to declare the capital gain or loss on your return. Your overseas obligations would need to be considered under the reporting requirements of that country. If you pay tax overseas you can reflect this under foreign income tax offset (FITO) section on your return.
Please use the links for further assistance.
All the best.
Hi @Investormatt,
When you become an Australian resident for tax purposes, your overseas capital assets would be looked at for market value from that time. This is classed as your acquisition date and is generally your arrival date.
If you then sell or dispose of the asset you would need to declare the capital gain or loss on your return. Your overseas obligations would need to be considered under the reporting requirements of that country. If you pay tax overseas you can reflect this under foreign income tax offset (FITO) section on your return.
Please use the links for further assistance.
All the best.
15 Apr 2026 · 8 min read time
4 Dec 2023 · 9 min read time
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