Can I pay for ordinary products with crypto without ever creating a tax event in Australia?

Not generally. Spending investment crypto can be a disposal for CGT, although specific personal-use asset rules may apply in limited cases.

The answer

Not generally. Spending investment crypto can be a disposal for CGT, although specific personal-use asset rules may apply in limited cases.

What to do next

Keep records of acquisition cost, AUD value at payment and how the asset was held and used.

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Frequently asked questions

Is a wallet-to-wallet transfer the same as paying a merchant?

No. Changing the owner of the crypto is materially different from moving it between your own wallets.

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