Australia Plans Capital Gains Tax Change Affecting Crypto
Cointelegraph
The Australian government plans to replace capital gains tax discounts on crypto and other assets with an inflation-adjusted indexation model by 2027.Summary
The Australian government is reportedly planning to replace the current 50% capital gains tax discount for assets held over 12 months with an inflation indexation model. Set to take effect in July 2027, the change aims to tax full real gains adjusted for inflation. While critics like Chris Joye argue the policy will discourage investment in businesses and shares, others suggest that the potential for significant returns remains a strong enough incentive for investors. Assets acquired before May 10 will benefit from a partial exemption and a transitionary period.
(Source：Cointelegraph)