Australia Scraps 50% Capital Gains Tax Discount Starting July 1, 2027

According to Odaily, Australia will reform its capital gains tax system, scrapping the 50% discount for assets held over 12 months from July 1, 2027. The reform affects equities, property, and cryptocurrencies. The new system introduces cost base indexation—adjusting purchase prices for inflation—and sets a minimum 30% capital gains tax rate. Gains realized before July 1, 2027 will be taxed under current rules; subsequent gains will follow the new framework.
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