If you alternate or swap one crypto asset for one more crypto asset, you dispose of 1 CGT asset and purchase one other. Therefore, a CGT occasion happens to your original crypto asset.

Since you receive property instead of cash, it's good to work out the market worth of the crypto asset in Australian dollars.

Example: market value of new asset determines old asset's disposal proceeds

Katrina decides to trade 20 Coin A for a hundred Coin B by a reputable digital asset trade on 15 November 2022.

Using the trade charges shown on the digital asset change 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 100 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 achieve for the CGT event.

Market value of present crypto asset at trade or swap

If you cannot determine the value of a crypto asset you receive in a crypto asset trade or swap, use the market value of the crypto asset you're disposing of to work out the capital proceeds.

Example: market worth of previous 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 new coin, Coin D, earlier than it's listed on a digital alternate. Katrina acquires one hundred Coin D within the change on 15 November 2022.

At the time of the transaction, Coin D doesn't have a market value. Katrina uses the market value of Coin A on the digital asset exchange at the time of the transaction.

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

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