Whenever you exchange or swap one crypto asset for an additional crypto asset, you dispose of one CGT asset and purchase another. Therefore, a CGT event occurs to your original crypto asset.

Since you obtain property as an alternative of cash, you need to work out the market value of the crypto asset in Australian dollars.

Example: market value of recent asset determines outdated asset's disposal proceeds

Katrina decides to exchange 20 Coin A for one hundred Coin B by way of a reputable digital asset change on 15 November 2022.

Using the trade rates proven on the digital asset trade on the time of the transaction, https://tradebrains.in/features/your-all-in-one-exchange-hub-exchange-crypto-easily-with-swapzone/ https://tradebrains.in/features/your-all-in-one-exchange-hub-exchange-crypto-easily-with-swapzone/ https://tradebrains.in/features/your-all-in-one-exchange-hub-exchange-crypto-easily-with-swapzone/ https://tradebrains.in/features/your-all-in-one-exchange-hub-exchange-crypto-easily-with-swapzone/ https://tradebrains.in/features/your-all-in-one-exchange-hub-exchange-crypto-easily-with-swapzone/ https://tradebrains.in/features/your-all-in-one-exchange-hub-exchange-crypto-easily-with-swapzone/ https://www.tumblr.com/briefpandaglitter/736675080488255488/the-easiest-way-you-can-exchange-cryptocurrency?source=share https://justpaste.it/at8el https://www.quora.com/profile/Charles-Miller-1264/Fast-and-easy-way-to-exchange-your-cryptocurrency-Welcome-to-Swapzone-your-go-to-platform-for-hassle-free-cryptocur-1 https://cryptogreg.wordpress.com/2023/12/14/anonymous-crypto-exchange-aggregator/ https://telegra.ph/Your-easiest-way-to-exchange-crypto-12-14https://tradebrains.in/features/your-all-in-one-exchange-hub-exchange-crypto-easily-with-swapzone/ the market worth of a hundred Coin B was $6,000.

Therefore, Katrina's capital proceeds are $6,000 for the disposal of 20 Coin A. Katrina makes use of this quantity to work out her capital acquire for the CGT event.

Market value of present crypto asset at alternate or swap

If you can't decide the worth of a crypto asset you obtain in a crypto asset change or swap, use the market worth of the crypto asset you are disposing of to work out the capital proceeds.

Example: market worth of outdated crypto asset determines its disposal proceeds

Katrina acquires a hundred Coin A for $15,000 on 5 July 2022.

Katrina decides to trade 20 Coin A for a brand new coin, Coin D, earlier than it is listed on a digital trade. Katrina acquires a hundred Coin D in the change on 15 November 2022.

On the time of the transaction, Coin D does not have a market worth. Katrina makes use of the market worth of Coin A on the digital asset alternate at the time of the transaction.

The market value of 20 Coin A on the time of change was $5,000.

Therefore, Katrina's capital proceeds are $5,000 for the disposal of Coin A. Katrina makes use of this quantity to work out her capital achieve for the CGT occasion.