Starting July 1, 2027, Australia will abolish the 50% capital gains tax discount for assets held for more than 12 months. Instead, the cost base will be adjusted for inflation, and a minimum 30% tax rate will apply to actual capital gains. The new rules will cover capital assets like cryptocurrencies. The reform will follow a forward-looking principle, meaning gains realized before July 1, 2027, will still be calculated under the old rules, while gains realized after that date will fall under the new system. (Forbes) https://(wublock123.com)/news/australia-abolishes-50pct-cgt-discount-crypto-30pct-min-tax-64789