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Australian CGT changes

Coverage of Australian CGT changes in the Nexus archive.

Earliest in view: Apr 23 · 00:56 UTCMost recent: Apr 23 · 00:56 UTC
Co-mentioned in this coverage
Bitcointopic1pre-1999 Howard era CGT systemtopic150% capital gains tax discounttopic1Nine news papersorganization1capital gains tax reformtopic1
Recent coverage
  • BUSINESSApr 23 · 00:56 UTCR/BITCOIN
    Upcoming Australian CGT (TAX) changes are DISASTROUS for Bitcoin holders with low cost basis

    Proposed Australian CGT changes, based on the pre-1999 Howard era system, could double tax bills for Bitcoin holders by adjusting cost basis for inflation and removing the 50% capital gains tax discount. An example shows a $100,000 Bitcoin sale taxed at $23,500 under the current system, rising to $46,999.27 under the proposed changes.

Australian CGT changes · Dossier · The Nexus