Removal of Australia's 50% CGT discount (start of new CGT regime)
Thursday 1st July, 2027
The Australian Government plans to replace the 50% capital gains tax discount with an inflation-indexed cost-base method and a minimum 30% tax on real capital gains for gains from 1 July 2027, with transitional rules fixing asset values at that date. This gives Wise a chance to comment on how the change could affect Australians moving money abroad, expatriates and investors using multi-currency accounts and cross-border transfers, and to explain impacts on customers in Australia and those sending funds to or from Australia.
Why have we flagged this?
Strong alignment: the change affects Australians’ taxable gains and cross-border money flows, so Wise can proactively run guidance campaigns, data-led explainers and offer expert comment on practical effects for expats, investors and people sending/receipts of funds to/from Australia.
Get hero story inspiration
Thinking...
Get reactive idea inspiration
Thinking...