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How Aussie Bitcoiners can avoid 2027’s shock CGT hike: Part 1

How Aussie Bitcoiners can avoid 2027’s shock CGT hike: Part 1
Source: Chris Brycki

The Australian government’s decision to scrap the 50% capital gains discount for all investments in the May budget came as a big shock for crypto owners. The new scheme effectively doubles the taxable component of a gain, minus a small discount for inflation.

But there are legal ways to minimize the amount of CGT you’ll have to pay — if you start prepping now.

Some Aussie crypto holders are taking drastic measures — like Finder founder and crypto king Fred Schebesta who is relocating to Singapore which offers 0% CGT, stating the tax changes were a “killer blow.” But there are less dramatic methods to reduce your CGT bills including setting up a self managed super fund (SMSF), a company to trade crypto at the company tax rate, or to…

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