Australia’s proposed capital gains tax reform could raise tax bills for crypto investors who hold assets for more than 12 months.
Summary
- Australia’s tax plan could remove the long holding discount that helped crypto investors reduce bills.
- Koinly says lower earners may face bigger tax jumps than wealthier crypto traders under reforms.
- Kraken expects weaker holding incentives could move some investors toward shorter trading cycles after 2027.
The plan would replace the current 50% CGT discount with an inflation-indexed model from July 1, 2027.
Under current rules, individuals can reduce taxable capital gains by half after holding an asset for more than one…
