TechFlow News, May 11: According to a Cointelegraph report, the Australian government plans to replace the current 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, including crypto assets. The Australian Financial Review, citing informed sources, stated that this adjustment will be included in the Albanese government’s 2027 fiscal year budget, to be released on Tuesday. Under current rules, investors holding assets for over 12 months are eligible for a 50% capital gains tax discount; the proposed change would instead tax the full amount of real (inflation-adjusted) gains. The new rule is expected to take effect at the end of the 2027 fiscal year (July 2027), with a one-year transition period for assets acquired after May 10, 2026.
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