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ATO Community

Re: Crypto assets as a new resident

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Initiate

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Replies 2

When one becomes a new tax resident and wishes to declare crypto assets for the purpose of calculating it as a cost base for future capital gain/loss calculations How would that be reflected in the tax return capital gain form? Or do I not need to do so at all?
1 ACCEPTED SOLUTION

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Best answer

Taxicorn

Replies 0

You only need to worry about it when you trade or sell the crypto.

 

2 REPLIES 2
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Best answer

Taxicorn

Replies 0

You only need to worry about it when you trade or sell the crypto.

 

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Community Manager

Replies 0

Hi @AkramG,


Thanks for your question.


Check out the page on our website regarding  Changing residency and  the knowledge base article on calculating capital gains tax on cryptocurrencies.


These two may be helpful in the future.


Thanks


KylieS