Kraken Tax Calculator Australia

Getting your Kraken CSV

Kraken stores your activity in a ledger format where every trade is split into separate debit and credit rows linked by a reference ID (refid). Staking rewards, deposits, and withdrawals each appear as their own ledger entries. To build accurate FIFO cost basis queues for your Australian tax return, you need to export your complete history.

How to export:

1. Log in to kraken.com.
2. Click your profile icon (top right) and select Documents.
3. Click Create Export.
4. Select Ledger as the export type.
5. Set the date range from account opening to today, not just the tax year.
6. Ensure the format is CSV, then click Generate.
7. Download when ready - the file arrives as a .zip.
8. Upload the .zip directly, or extract ledgers.csv first.

Upload your complete history including prior years. The calculator needs your earliest purchases to build accurate FIFO cost basis queues for every token you have traded. Both Ledger and Trades formats are supported - we auto-detect which one you uploaded.

CGT, FIFO, and the 50% discount

The ATO classifies cryptocurrency as a CGT asset, not currency. Every time you sell, swap, convert, or spend crypto on Kraken, you trigger a capital gains tax event. The gain or loss is organized in this preview using FIFO as a disclosed software assumption. The ATO requires supportable cost-base records and does not prescribe universal FIFO.

Capital losses apply first. An eligible Australian-resident individual or trust may then apply a 50% discount to a qualifying gain on an asset held for more than 12 months. The released path is limited to full-year resident individuals and verifies the required entity, residency, loss and discount inputs before checkout.

• Taxable events: Sells, crypto-to-crypto swaps, spending crypto, gifting crypto.
• Non-taxable: Buying crypto with AUD, transferring between your own wallets, holding.
• Parcel-allocation assumption: FIFO matches each disposal to the earliest purchase; confirm that complete records support the selected parcels.
• CGT discount: 50% may apply to eligible resident individuals/trusts, 33.33% to complying super funds, and no discount to companies, after capital losses.
• ATO data matching: The ATO's published crypto assets data-matching protocol obtains data from Australian cryptocurrency designated service providers. It does not identify Kraken individually.
• Tax year: 1 July to 30 June.
• Filing deadline: 31 October for self-lodgers. Later deadlines apply when filing through a registered tax agent.
• Staking rewards: Treated as ordinary income at the AUD fair market value when received.
• Personal use asset exemption: Crypto acquired for A$10,000 or less and used for personal purchases may be exempt. This rarely applies to exchange trading.

What you get in the report

Our parser reads every row in your Kraken CSV, groups debit and credit entries by refid, and reconstructs complete trades. The engine then applies FIFO matching across your complete history. For each disposal in your selected Australian financial year, it identifies the acquisition date, cost basis, and holding period to determine whether the 50% CGT discount applies.

Kraken CSVs report values in the trading pair's quote currency (USD, EUR, AUD, etc.), not always in Australian dollars. Our engine automatically enriches every transaction with historical daily prices and converts foreign-currency values to AUD using Reserve Bank of Australia table F11.1.

The report separates gains disposed of on or before the 12-month anniversary from gains disposed of after that anniversary and eligible for the discount. Staking rewards are tracked as ordinary income events with their AUD value at receipt. The report includes a capital gains summary, income section, end-of-year holdings with cost basis, and a complete transaction audit trail.

ATO and Kraken

• ATO data matching: The published protocol obtains data from Australian cryptocurrency designated service providers. It does not identify Kraken individually, so keep complete Kraken exports and report all relevant transactions.
• No ATO tax forms from Kraken: Kraken does not issue tax documents for Australian users. No equivalent of the US 1099-DA exists. You must calculate and report everything yourself.
• AUD conversion with price enrichment: Kraken supports multiple quote currencies including USD, EUR, and AUD pairs. Regardless of which pair you traded, our engine converts every transaction to Australian dollars using historical daily exchange rates. Kraken CSVs do not always include spot prices for every transaction - our engine automatically enriches all entries with accurate historical pricing.
• Kraken staking fully active for AU users: Unlike in the US where Kraken shut down staking in 2023, Kraken staking remains available for Australian customers. All staking rewards in your Ledger export are identified and valued at AUD fair market value on the day received. Staking income is treated as ordinary income. Later disposal of staked tokens triggers a separate CGT event through FIFO matching.
• Refid pairing handles Kraken's unique format: Kraken's Ledger export lists individual debit and credit entries rather than complete trades. Each trade is split across multiple rows linked by a reference ID (refid). Our parser reconstructs complete transactions by pairing these entries automatically, then runs each disposal through FIFO matching.
• Trades format also supported: If you exported using the Trades format instead of Ledgers, the calculator auto-detects and handles it. The Ledger format is preferred because it includes staking rewards, deposits, and withdrawals alongside trades.
• Personal use exemption: Rarely applies to Kraken trading. The ATO's view is that crypto held on an exchange is an investment asset, not personal use property.

Related calculators and guides

Kraken calculator: Kraken Tax Calculator (all countries)
Australia calculator: Australia Crypto Tax Calculator (all exchanges)
Other exchanges in Australia: Coinbase Australia · Binance Australia