Australia to Replace 50% Capital Gains Tax Discount with Inflation Indexation, Affecting Long-Term Crypto Investors

According to Cointelegraph, Australia's government plans to replace the 50% capital gains tax discount for assets held over 12 months with inflation indexation, potentially increasing tax liability for long-term crypto investors. The Australian Financial Review cited sources saying the change will be included in the 2027 budget announcement on Tuesday. Under the new proposal, investors will pay full tax on inflation-adjusted gains rather than receiving the current discount. The new rules are expected to take effect July 1, 2027.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments