Australia plans capital gains tax changes affecting crypto investors: Report
Burns Brief
The Albanese government’s budget plans to replace the 50% capital gains tax discount on assets held over 12 months with a model taxing full real gains adjusted for inflation Market sentiment is turning positive, with traders and analysts pointing to potential follow-through momentum in the coming sessions. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The Albanese government’s budget plans to replace the 50% capital gains tax discount on assets held over 12 months with a model taxing full real gains adjusted for inflation.
Key Takeaways
- The Albanese government’s budget plans to replace the 50% capital gains tax discount on assets held over 12 months with a model taxing full real gains adjusted for inflation