Lucky Strike Gold Featured in Ticker News
While Australia Panics Over Capital Gains Tax - One Asset the Tax Office Cannot Touch
Gold found as a hobby is completely tax free under Australian law — and the 2027 changes don't touch it. Here's what every prospector, investor and everyday Australian needs to know.
The Tax Office confirmed it themselves — specifically about gold nuggets. Found on a weekend as a hobby, you keep every cent. That hasn't changed and the 2027 rules don't touch it.
Taleesha Kamp
Hobby Finds
Gold found as a genuine recreational hobby with a Miner's Right. No CGT, no income tax, regardless of value.
Coins & Jewellery
Collectables. Bought for under $500 — profit is tax free. Over $500 — capital gains tax applies on the profit.
Investment Bullion
No threshold. CGT from dollar one. The 50% discount disappears 1 July 2027. Anyone with a gain needs a plan.
Business Prospecting
Gold is trading stock — ordinary income from dollar one. Capital gains tax doesn't apply at all.
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