Australia to tax unrealized capital gains, tighten crypto ATM rules
Australia is on the verge of approving a controversial tax on unrealized capital gains — a measure that could significantly affect high-net-worth individuals. The tax is scheduled to take effect on July 1 and will apply to individuals holding assets worth more than 3 million Australian dollars (2 million U.S. dollars).
According to Coin Edition, the tax will apply to both traditional investments such as stocks and digital assets like Bitcoin during the 2025–2026 fiscal year.
Under the proposal, unrealized gains — that is, increases in asset value on paper — will be taxed at a rate of 15%. Investors will be required to pay the tax even if they haven’t sold the appreciated assets. Analyst Fred Krueger called…
