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Posted: 2025-06-02 00:44:48 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-06-02 00:45:09 UTC
Verified By
Rollup News
Australia is likely to pass a tax on unrealized capital gains for individuals with over 3MM AUD in assets, including Bitcoin, starting July 1. This means that if your Bitcoin or other assets like shares increase in value, you will owe the government 15% of the gains.
Tax on unrealized capital gains
Applies to individuals with over 3MM AUD in assets
Includes Bitcoin and shares
15% tax on gains between 2025 and 2026
Taxing unrealized gains can be complex
Potential lack of clarity on carrying forward losses