Skip to the news
BetFury News
Wednesday 4 NovemberAdvertiseSources read

Crypto & Bitcoin

How Australian Bitcoin Investors Can Plan for a 2027 CGT Hike (Part 1)

Reported by Crypto Breaking News

Image: Crypto Breaking News

Australia’s upcoming overhaul of capital gains tax (CGT) rules is set to significantly increase the tax burden for crypto investors, with the removal of the long-standing 50% CGT discount for assets acquired after the relevant cutoff. The change, announced in the May budget, will effectively tax a larger portion of gains as income tax once the new regime takes effect. The shift matters because cryptocurrency returns are largely driven by capital appreciation rather than income.

This is an excerpt. The reporting belongs to Crypto Breaking News.

Read the full report on cryptobreaking.com
Pass it onXTelegramRedditWhatsApp