Australia will eliminate the 50% capital gains tax discount for assets held over 12 months, including cryptocurrencies, starting July 1, 2027. This reform, reported by Forbes, affects all asset classes such as stocks and real estate. The new rules will introduce cost base indexation, adjusting purchase prices for inflation, and set a minimum capital gains tax rate of 30%. For crypto investors, this change significantly reduces the tax benefits of long-term holdings. Gains realized before July 1, 2027, will be protected under the old rules, but new regulations will apply thereafter. Tax experts advise crypto holders to organize their records and consult advisors to determine if selling assets before the deadline could yield better tax outcomes.