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 ÷ 0.03 BTC = 40,000 euros per BTC If the investor subsequently sells 0.01 BTC, acquisition costs of 400 euros are as a rule attributed to that portion. What is not decisive, then, is whether the bitcoin sold are t...