Australia to Cancel 50% Capital Gains Tax Discount on Cryptocurrencies from July 2027

Odaily Planet Daily News Australia will reform its capital gains tax system, canceling the 50% capital gains tax discount for assets held for more than 12 months—including stocks, real estate, and cryptocurrencies—effective July 1, 2027. The new rules will introduce cost base indexation, where the purchase price is adjusted for inflation, and set a minimum capital gains tax rate of 30%. Gains realized before July 1, 2027, will be subject to the old rules, while those after will follow the new regulations. Tax experts advise cryptocurrency holders to organize their records and consult tax advisors to assess whether selling assets before the deadline could yield more favorable after-tax outcomes.