Australia plans to adjust capital gains tax rules, which may affect the tax burden of long-term cryptocurrency investors

Deep Tide TechFlow News, May 11, according to Cointelegraph, the Australian government plans to replace the 50% capital gains tax discount applicable to assets held for more than 12 months with an inflation-indexed taxation model. If the new regulation is implemented, it may increase the tax payable on long-term investments such as cryptocurrencies. The Australian Financial Review, citing informed sources, stated that this adjustment will be included in the FY 2027 budget to be announced by the Albanese government on Tuesday. The report pointed out that under current rules, investors holding assets for more than 12 months can enjoy a 50% capital gains tax discount; the proposed plan will tax the full amount of actual gains after deducting inflation. The new regulation is expected to take effect at the end of the fiscal year 2027, with a one-year transition period for assets purchased after May 10, 2026.