Australia’s Bold Move: Taxing Bitcoin and Stocks on Unrealized Gains
- Australia’s proposed tax on unrealized capital gains will impact assets above AUD 3 million.
- Bitcoin (BTC) holders will face a 15% tax on unrealized gains between 2025 and 2026.
- The tax will also apply to stocks like Strategy, raising concerns among investors.
Australia is nearly ready to pass a tax on unrealized capital gains. If the proposal is approved, scheduled for July 1, it will apply to individuals with investments exceeding AUD 3 million ($2 million). Stocks as well as digital assets such as Bitcoin will be taxed during the 2025-2026 period as part of this plan.
Analyst Fred Krueger emphasized that this represents a significant shift in Australia’s approach to capital gains taxation. Earlier administrations had discussed these ideas, but they never became law, so this is a landmark change in Australian taxation.
Related: Australia’s ASIC Initiates Civil Penalty Proceedings Against ACX Ex-Director Liang Guo
Australia’s New Tax to Impact BTC and Traditional Asset Gains
Gains made on Bitcoin from 2025 through 2026 will be subject to taxation for holders. Capital gains taxes will be charged at 15% for gains that have not yet been realized. If …
The post Australia’s Bold Move: Taxing Bitcoin and Stocks on Unrealized Gains appeared first on Coin Edition.
Read More
Australia’s Bold Move: Taxing Bitcoin and Stocks on Unrealized Gains
- Australia’s proposed tax on unrealized capital gains will impact assets above AUD 3 million.
- Bitcoin (BTC) holders will face a 15% tax on unrealized gains between 2025 and 2026.
- The tax will also apply to stocks like Strategy, raising concerns among investors.
Australia is nearly ready to pass a tax on unrealized capital gains. If the proposal is approved, scheduled for July 1, it will apply to individuals with investments exceeding AUD 3 million ($2 million). Stocks as well as digital assets such as Bitcoin will be taxed during the 2025-2026 period as part of this plan.
Analyst Fred Krueger emphasized that this represents a significant shift in Australia’s approach to capital gains taxation. Earlier administrations had discussed these ideas, but they never became law, so this is a landmark change in Australian taxation.
Related: Australia’s ASIC Initiates Civil Penalty Proceedings Against ACX Ex-Director Liang Guo
Australia’s New Tax to Impact BTC and Traditional Asset Gains
Gains made on Bitcoin from 2025 through 2026 will be subject to taxation for holders. Capital gains taxes will be charged at 15% for gains that have not yet been realized. If …
The post Australia’s Bold Move: Taxing Bitcoin and Stocks on Unrealized Gains appeared first on Coin Edition.
Read More