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Most Australians are paying far more crypto tax than they need to, simply because they don’t understand how the ATO actually treats digital assets. Missed planning, poor record keeping and the wrong structure can cost investors thousands every single year.

In this episode, Will sits down with Adrian Forza, Director of Crypto Tax Australia, to break down the strategies most accountants never explain.

◼️ The biggest mistakes investors make at tax time

◼️ How to use losses to offset gains legally

◼️ What the ATO considers a taxable event

◼️ The difference between trading and investing for tax purposes

◼️ Why structure can dramatically reduce your tax bill

◼️ How to avoid paying tax on money you no longer have

Timestamps:

00:00:00 - Introduction

00:01:44 - Importance of Early Tax Planning

00:03:59 - Offsetting Gains with Losses

00:06:01 - The Risks of Rolling Profits

00:07:07 - Understanding Wash Selling

00:09:22 - Recap of Common Mistakes

00:10:07 - Claiming Educational Subscriptions

00:11:44 - Taxable Events in Crypto

00:12:56 - Misconceptions About Taxable Events

00:16:57 - Trading vs. Investing

00:20:13 - Tax Implications of Trading vs. Investing

00:22:31 - Advantages of Being Classified as an Investor

00:25:02 - The Importance of Structure

00:26:14 - Using Trusts for Tax Benefits

00:30:38 - Bucket Companies and Tax Distribution

00:32:38 - Self-Managed Super Funds Overview

00:36:11 - Concessional Contributions to Super

00:40:07 - Long-Term Investment Strategies in Super

Follow Adrian Forza:

https://www.linkedin.com/in/adrian-forza-b23666ab/

Book Consultation:

https://cryptotaxaus.com.au/book-consultation/