So I bought some crypto currency, about 1000 dollars worth, I held on to it for about a year or a little over and then sold it for about 5000 dollars, so made a profit, I was under the impression that if I did not spend over 10,000 dollars on the crypto or sold it for more than 10,000 dollars then I would not need to pay Capital Gains Tax, is this correct or not?
Not correct. You are confusing crypto assets as an investment with crypto assets as personal use assets. Link explains crypto assets as personal use assets.
Crypto asset as a personal use asset | Australian Taxation Office
Holding it as an investment means it is not a personal use asset.
but why does that link say this
A capital gain on the disposal of a crypto asset is exempt from CGT if:
thats what confuses me or would it need to include "or" between it
15 Apr 2026 · 8 min read time
4 Dec 2023 · 9 min read time
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