The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return.
The first point to understand is that gains and losses from crypto are only reported in your tax return
when you dispose of it - you sell it, convert it to fiat currency, exchange it for another type of asset, buy something with it, etc.
You cannot recognise market fluctuations or claim a loss because the value of your crypto assets changed until the loss is realised or
crystallised.
Gains and losses from the disposal of cryptocurrency should be reported in your tax return in the year that the disposal
occurred.
If you made a capital gain on crypto that was held as an investment and you held the crypto for more than 12 months then you may be able to
access the 50% Capital Gains Tax (CGT) discount and halve the tax you pay.
If you made a loss on the cryptocurrency (capital loss) when you disposed of it, you can generally offset the loss against capital gains you
might have (unless the crypto is a personal use asset). But, you can only offset capital losses against capital gains. You cannot offset
these losses against other forms of income like salary and wages, unfortunately. If you don’t have any capital gains to offset, you can hold
the losses and carry them forward for another future year when you can use them.
If you earned income from crypto such as airdrops or staking rewards, then these also need to be reported in your tax return.
And remember, keep records of your crypto transactions. The ATO has sophisticated data matching programs in place and cryptocurrency
reporting is a major area of focus.
After overwhelming demand and sold-out sessions in Perth, Brisbane, Sydney, Melbourne and Mornington in 2025, we’re inviting expressions of interest for 2026. If you missed out earlier or are ready to dive into hands-on automation training, we’re considering additional sessions in various locations across Australia in 2026.
LIVE 2-DAY COURSE - MELBOURNE CBD
15 & 16 December 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance
professionals, bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and
optimise VBA scripts, and deploy robust automation solutions independently.
LIVE 2-DAY COURSE - SYDNEY
11 & 12 December 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance
professionals, bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and
optimise VBA scripts, and deploy robust automation solutions independently.
LIVE 2-DAY COURSE - ADELAIDE CBD
8 & 9 December 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance
professionals, bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and
optimise VBA scripts, and deploy robust automation solutions independently.
Traditionally, a 20% deposit is considered the safe minimum by lenders because it reduces their risk. Borrowers with less than 20% usually need to pay Lenders Mortgage Insurance (LMI).
Learn how expert business consulting can improve cashflow, profit and team performance, and how Smart turns strategy into sustainable success.
The scheme enables eligible buyers to purchase a home with as little as a 5% deposit, while avoiding lenders’ mortgage insurance (LMI).
Equipment finance can be a huge boost for business growth, especially in certain industries. However, managing the world of equipment loans isn't always straightforward.
Choosing the right business loan for you and your business can be complex, especially when juggling multiple providers, structures, and repayment options.
When this Australian manufacturer of retail products first came to us, they were in trouble. The financials showed a loss exceeding $300,000. Despite healthy sales activity and a reat product, profit was nowhere to be found.
According to latest Asia-Pacific Data Centre report, Melbourne's live IT capacity has reached 337.1MW, marking a 25.4% year-on-year increase.
New research shows that four of Australia’s six major capital cities have recorded substantial improvements in their CBD retail vacancy rates over the past year.
Australia's commercial property market has delivered strong evidence of a recovery with total returns surging to 4.94 per cent in Q2 2025.
There’s a quiet shift happening within the ATO, and it’s catching a lot of businesses off guard. The ATO is using its newly enhanced Risk Engine, now powered by artificial intelligence, to comb through business financials with greater speed, accuracy, and scrutiny than ever before.
LIVE 2-DAY COURSE - MORNINGTON
29 & 30 September 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance professionals,
bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA
scripts, and deploy robust automation solutions independently.
Learn how expert business consulting can improve cashflow, profit and team performance, and how Smart turns strategy into sustainable success.
There’s a quiet shift happening within the ATO, and it’s catching a lot of businesses off guard. The ATO is using its newly enhanced Risk Engine, now powered by artificial intelligence, to comb through business financials with greater speed, accuracy, and scrutiny than ever before.
Shannon Smit, Founding Director of Smart Private Wealth, has been awarded the prestigious Excellence in Innovation award at the 2025 Count Financial Awards, recognising her ground-breaking leadership in transforming how financial advice and professional services are delivered in Australia.
