Woofun AI reports that Australia will overhaul its capital gains tax framework effective July 1, 2027. The reform eliminates the 50% discount for assets held longer than 12 months, impacting cryptocurrencies, stocks, and real estate. Under the new regime, cost-base indexing will adjust purchase prices for inflation, with a minimum capital gains tax rate of 30%. Profits realized before the deadline remain subject to previous regulations, while subsequent gains follow the new rules. Tax professionals recommend maintaining detailed records and consulting advisors to evaluate potential pre-deadline sales.