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The Nexus
BUSINESSMay 13 · 13:57 UTCR/BITCOIN/u/viper2097

Australia's new CGT treatment and how it affects bitcoiners plus one benefit that NOBODY is talking about! (yet)

Australia's new capital gains tax treatment will partially grandfather current bitcoin holders' 50% discount, allowing them to use the price at July 1, 2027, as a cost base, and also reset their cost base to that snapshot price. This change will benefit early bitcoin adopters with low cost basis. The new system aims to protect existing investors while introducing changes to the tax system.

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