Woofun AI reports that Australia will abolish the 50% capital gains tax discount for assets held longer than 12 months, effective July 1, 2027. The revised framework introduces cost base indexation to adjust for inflation and establishes a minimum 30% capital gains tax rate. Gains realized before the transition date remain eligible for the previous 50% discount, while post-transition gains fall under the new regime, requiring investors to separately calculate liabilities for each period. Market participants are advised to prepare transaction records and asset valuations to accurately distinguish between old and new tax obligations, with some long-term holders potentially considering pre-transition sales to utilize existing benefits.