This edition of the KWM Taxation of Crypto Assets Guide, “Taxing Tokens” focuses on “Non-Fungible Tokens” (NFTs) as one type of emerging crypto asset and its tax treatment under Australia’s regime.
What is an NFT?
An NFT can create unique digital assets or can be digitally linked (via a QR or other ID code) to a tangible asset. NFTs are created (minted) using a smart contract protocol on a blockchain and stored in a blockchain based wallet with a unique address. NFTs are not interchangeable and rather are completely uniquely identified and valued (even where part of a collection), where the holder has control of the relevant asset.
Test Publication Article Link
Insight
Bendel: Commissioner ‘A loan’ in view that UPE was a loan for Division 7A purposes
The long-awaited High Court decision in Bendel has arrived!
12 June 2026
Insight
Queensland goes all in on critical minerals: Key changes under the SDPWO Amendment Bill 2026
Queensland has fired the legislative starting gun in the race for critical minerals investment.
05 June 2026
Insight
The forfeiture rule and superannuation death benefits: emerging issues for trustees
While the forfeiture rule is a longstanding position in law, its application to superannuation is not always clear.
05 June 2026
Insight
Is the Pharmaceutical Benefits Scheme keeping up with global medical innovation?
The Pharmaceutical Benefits Scheme (PBS) has long been regarded as one of Australia’s most significant public policy achievements.
04 June 2026
Download
3.59MB, 6 Pages
- Banking & Finance
- Banking & Financial Markets Regulation
- Banks
- Biotechnology
- Corporate Tax
- Data Protection & Privacy
- Digital Commerce
- Digital Payments & Virtual Assets
- Employment-Related Tax & Incentives
- Financial Services
- Funds Structuring
- Insurance & Reinsurance
- Non-Bank Lenders
- Private Client Tax, Wealth, Family Offices & Estates
- Professional Services
- Stamp Duty & GST
- Tax
- Tax Controversy & Litigation
- Transfer Pricing
