Australia Plans to Cut Capital Gains Tax Relief from 50% to 25-33% for Digital Assets

According to ChainCatcher, Australia's government plans to adjust its capital gains tax system in the upcoming federal budget, affecting cryptocurrencies and other digital assets. Currently, individual investors holding most digital assets for over 12 months receive a 50% tax relief on capital gains. The government is considering reducing this relief to between 25% and 33%, or replacing the fixed discount with inflation indexation—taxing only the real value increase above inflation rates. The reform applies to stocks, exchange-traded funds, and digital currencies held outside retirement accounts. The policy is expected to take effect on July 1, 2026, pending confirmation in the budget report.
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