The Australian government is set to significantly revise its capital gains tax (CGT) system, including for cryptocurrency assets. According to a tax reform law passed in 2026, the 50% CGT discount applied to assets held for more than 12 months will be abolished, transitioning to a new system starting July 1, 2027, as reported by Forbes on the 16th. This revision marks the most substantial overhaul in the country's CGT system in the past 25 years. The change will significantly affect how tax liabilities are calculated for domestic individual investors when they sell assets such as cryptocurrencies, stocks, and real estate.
