Australian Crypto Investors Consider Moving Abroad Over 47% Capital Gains Tax

Australian crypto investors — Some Australian cryptocurrency investors are reportedly considering relocating overseas ahead of a major capital gains tax hike scheduled for July 2027.

The impending change will see the top marginal rate applied to long-term crypto gains rise to 47%, after adjusting for inflation. This has prompted discussions within the local crypto community about more tax-efficient jurisdictions, with advisors noting some clients have already moved to places like Singapore or the Bahamas which levy 0% capital gains tax on crypto.

However, experts caution that the “nuclear option” of emigration carries significant complications, including a substantial exit tax levied by Australia upon departure. This often requires selling a portion of one’s holdings to pay the tax bill at the point of leaving the country.

Other mitigation strategies highlighted include setting up a self-managed super fund for long-term holdings or trading through a corporate structure to benefit from lower company tax rates. The debate underscores the growing focus on fiscal policy as a factor in global crypto investment decisions.