Solana tax in Australia: trading and staking each create separate events

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 and disposed of before 1 July 2027. For disposals from 1 July 2027 the discount is gone: the cost base is indexed for inflation instead and the real gain carries a 30% minimum tax rate.

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

Related guides