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Australia moves to tighten capital gains rules on crypto assets

Australia moves to tighten capital gains rules on crypto assets

Analysts suggest the changes could shift behaviour towards shorter-term trading or structured retirement-based investment strategies in digital assets.

Australia’s proposed capital gains tax reforms could affect crypto investment behaviour, according to industry participants. The ruling Labor Party has proposed changes, including a minimum 30% tax on capital gains and the removal of the 50% discount for assets held for more than 12 months.

Industry representatives said the changes may increase the tax burden for some crypto investors, particularly lower-income retail traders. Estimates suggest that smaller retail traders could see a substantial rise in liabilities under the new structure, reducing…

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