Australia’s government decided in its May budget to scrap the 50% capital gains tax discount for investments, according to the excerpt. The change is set to take effect on July 1, 2027; gains made before that date would remain under the existing discount, while later gains would receive only a discount for inflation. The excerpt says low-income earners who are not on welfare would face a minimum 30% rate.
For crypto holders, the excerpt discusses self-managed retirement funds and borrowing against Bitcoin as possible ways to limit tax bills, but neither is a simple workaround. Moving crypto into a fund requires selling it and paying tax first, and the money generally cannot be accessed until retirement. Bitcoin-backed loans carry interest and liquidation risks; some borrowing arrangements can themselves trigger tax, while the tax treatment of loans from some centralized lenders remains unclear.
