Australia to Abolish 50% Crypto CGT Discount on July 1, 2027, Replace with 30% Minimum Rate

According to Forbes, Australia's 50% capital gains tax discount for crypto assets held over 12 months will be abolished on July 1, 2027. It will be replaced by a 30% minimum capital gains tax rate and a cost base inflation indexation mechanism, following the nation's most significant tax reform in over 25 years. Gains accumulated before July 1, 2027 remain protected under current rules if investors maintain separate records.
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