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How to do Crypto Taxes in Australia (Step-by-Step) - CoinLedgerAs with other CGT assets, if your crypto assets are held as an investment, you may pay tax on your net capital gains for the year. This is. A handy guide to help you understand how your cryptocurrency is taxed in Australia, and what you need to do about it. Click here to read all about it. In Australia, if you hold a cryptocurrency for more than 12 months, you may be entitled to a capital gains tax (CGT) discount. This effectively reduces the.