Australians weigh tax exile as crypto CGT rises to 47% next July
With Australia set to levy a 47% capital gains tax on crypto gains, investors are exploring relocation, company structures and other strategies to protect their portfolios.
COINMAG stories about Australia, newest first, with key facts and answers to common questions.
With Australia set to levy a 47% capital gains tax on crypto gains, investors are exploring relocation, company structures and other strategies to protect their portfolios.
From July 2027 Australia will end its 50% capital gains discount, raising crypto taxes dramatically. Experts outline voting, timing, SMSFs and relocation as possible mitigations.
From Dec. 1, Westpac will limit outbound payments to identified cryptocurrency exchanges to A$10,000 per customer per month, with no exemptions.