Do you have Bitcoin? Here’s why you need to include it on your tax return

By Christina Allen, Senior lecturer, Curtin University
Richard Krever, Professor of Tax Law, The University of Western Australia

Bitcoin is ubiquitous. It is impossible to open a social media stream or news source without encountering yet another mention of the topic. Many Australians have invested, hoping for a good return.

But they may not have considered the tax consequences of their investments. So some might be in for an unexpected surprise.

The tax implications of Bitcoin ownership and other cryptocurrencies such as Ethereum largely turns on how seriously an investor pursues and manages…

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