Capital Gains Tax

[Brief] UK Chancellor Rejects Calls to Raise Capital Gains Tax Ahead of October 28 Budget

The UK chancellor rejected Labour calls to align capital gains tax with income tax rates, with critics warning such a move could drive wealthy individuals out of Britain. Chancellor John Healey will set out his tax plans in the Budget on October 28.

Australia to Propose Capital Gains Tax Changes Affecting Crypto Investors

Australia Tax Reform to Impact Crypto Holders The Australian government plans to replace a 50% capital gains tax discount on assets held for more than one year, according to the Australian Financial Review. This change will directly affect crypto investors’ tax burden. Crypto assets held for over a year currently benefit from the 50% CGT discount, which would be eliminated under the proposed policy.