Bitcoin Savings Plan in Austria: How the Purchase Price Is Calculated
Bitcoin Savings Plan in Austria: How the Moving Average Price Is Calculated for Tax
Bitcoin savings plans spread the purchase across many individual transactions. Anyone investing 200 euros a month, for instance, inevitably buys their bitcoin at different prices. For the later tax calculation the question therefore arises: which purchase price applies when only part of the coins is sold?
Austria uses the moving average price for this as a matter of principle. Where units of the same cryptocurrency are acquired one after another and held at the same crypto address, their acquisition costs are merged into a single average price. With a wallet, the wallet as a whole can serve as the relevant reference unit instead.
How the Calculation Works
An investor buys through a savings plan:
- 0.01 BTC for 300 euros
- 0.01 BTC for 400 euros
- 0.01 BTC for 500 euros
In total they then hold 0.03 BTC with acquisition costs of 1,200 euros.
The moving average price therefore comes to:
1,200 euros รท 0.03 BTC = 40,000 euros per BTC
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