- Australia will end the 50% capital gains tax (CGT) discount for long-term cryptocurrency holders from July 2027.
- The new system will replace the simple discount structure with cost-base indexing and a minimum 30% tax rate on capital gains.
- Forbes said gains accrued before July 1, 2027, will remain protected under the current system, meaning investors should manage transaction records and compare whether selling before July 2027 makes sense.
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Australia will abolish a 50% capital gains tax discount for long-term cryptocurrency holders from July 2027.
Forbes reported on July 16 that Australia passed the Treasury Laws Amendment Bill 2026, setting up…
