Advice under development: Income tax: issue, receipt or disposal of a crypto asset by an airdrop
Issue: Cryptocurrency
Category: Capital gains tax
Type of advice: Draft Taxation Determination
Status: Under development
Expected completion: August 2026
Purpose: This draft Determination will consider how the income tax and CGT provisions apply when a crypto asset is issued, received or disposed of via an airdrop. Airdrops are a process whereby an issuer will distribute existing or newly created crypto assets to a recipient either in return for the recipient’s provision of goods or services or as a reward for holding crypto assets or undertaking activities. Airdrops may be unsolicited by the recipient. | This draft Determination does not apply where the recipient receives the airdropped crypto assets in return for providing consideration in the form of currency or other crypto assets or where the airdrop is received as a reward for providing liquidity to a decentralised exchange.