Australia will scrap the long-term 50% CGT discount: crypto recalculates real gains after inflation
The Australian government will release the 2027 Budget on May 13, planning to end the long-term asset “50% CGT discount after holding for one year” (including cryptocurrency assets) and replace it with inflation-indexed taxation of real gains. It will fully take effect from July 2027. The transition period covers assets purchased before May 10, 2026 to keep the old rules, and those who buy afterward will have a one-year transition. This change will raise the effective tax base for long-term holders, potentially shifting capital toward the real estate market, and may also serve as a reference for tax policies in other jurisdictions.
ChainNewsAbmedia·49m ago
