Australia Proposes Capital Gains Tax Changes That May Affect Long-Term Crypto Investors

According to Cointelegraph, the Australian government plans to replace the 50% capital gains tax discount applicable to assets held for more than 12 months with an inflation-indexed taxation model. If implemented, the new rule could increase tax liabilities on long-term investments such as crypto assets. The Australian Financial Review, citing sources familiar with the matter, stated that the adjustment will be included in the Albanese government’s 2027 fiscal budget, to be announced on Tuesday. The report noted that under current rules, investors receive a 50% capital gains tax discount on assets held for over 12 months; the proposed change would tax the full amount of real gains after adjusting for inflation. The new rule is expected to take effect at the end of the 2027 fiscal year, with a one-year transition period for assets purchased after May 10, 2026.