Australia’s Labor government has proposed replacing the country’s long-standing capital gains tax discount with an inflation-indexed model that could raise tax liabilities for crypto investors holding assets over extended periods.
Summary
- Australia plans to replace its 50% capital gains tax discount with an inflation-indexed model from July 2027.
- Long-term crypto and share investors could face higher tax bills under the proposed changes reported by the Australian Financial Review.
The Australian Financial Review reported on Sunday, citing people familiar with the fiscal year 2027 budget, that the Albanese government plans to remove the current 50% capital gains tax…
