Australia is set to terminate its 50% capital gains tax (CGT) discount for crypto assets by July 2027, shifting instead to a model of cost base indexation with a 30% minimum tax on real gains. This legislative change, passed by the Australian Parliament in June 2026, will impact individuals, trusts, and partnerships holding crypto assets. The reform, significant as the first major adjustment to Australia’s CGT system in over two decades, aims to tax only inflation-adjusted gains. Market participants are evaluating the implications of this change, particularly how it might affect investment strategies and asset prices in the lead-up to its implementation.

In the prediction markets, the forthcoming tax changes…