Solana tax in Australia: trading and staking each create separate events
SOL investors need to track two distinct tax streams — capital gains from trading and ordinary income from staking rewards. Getting the order right matters because staking rewards set the cost base for a future CGT event.
SOL follows standard CGT rules
Solana is a CGT asset in Australia. Selling SOL for AUD, swapping it for another token, or using it to pay for goods or services is a disposal. The capital gain or loss is calculated in AUD at the time of each disposal. The 50% CGT discount applies to SOL held for more than 12 months by individual investors.
Staking rewards are ordinary income on receipt
When you receive SOL staking rewards, the ATO's general position is that they are ordinary income at the AUD value on the date of receipt. This is reported in the income year you receive them, regardless of whether you sell them immediately.
Disposing of staked SOL creates a separate CGT event
When you later sell or swap the SOL you earned from staking, a separate CGT event arises. The cost base for that disposal is the AUD value you already declared as income when you received the rewards. Double-counting is avoided because the income and CGT events use the same figure.
What this estimator covers
This estimator handles SOL buy, sell, and swap scenarios using FIFO parcel matching. Staking reward income must be tracked separately. If your SOL activity includes validator delegation fees, liquid staking tokens, or Solana DeFi protocols, check the coverage page.
Quick single-transaction estimate
Enter a single buy-and-sell scenario to see your estimated CGT impact.
Frequently asked questions
How is Solana taxed in Australia?
SOL is a CGT asset under Australian tax law. Selling SOL for AUD or swapping it for another cryptocurrency is a disposal event that creates a capital gain or loss. The 50% CGT discount applies if you held the SOL for more than 12 months as an individual investor.
Are SOL staking rewards taxable?
Yes. SOL staking rewards are generally treated as ordinary income at the AUD market value on the date you receive them. When you later sell or swap the staked SOL, a separate CGT event arises — with the cost base set at the income value you already declared.
Related guides
Tax Accuracy & Sources
General information about crypto tax in Australia for individual investors. Not tax advice.