I am familiar with the different methods of calculating the cost basis for the overall Capital Gain/ Loss (FIFO, LILO, ACB etc) my question relates to the 50% CGT discount for assets held longer than 12 months. If I am buying the same crypto every week using DCA strategy, in addition to various lump sump purchases, when it come to disposal how is the CGT discount calculated. If I assume the average cost basis for all the purchase of the crypto and I have been doing this for 2 years in theory some of it is eligible for the 50% discount and some of it isn't. Can i just assume the first crypto i bought was the first sold and that the CGT is calculated on the sale price less the ACB price? and therefore all of the sold crypto is eligible for the 50% CGT discount.
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You need to keep a detailed record of all units bought, then match units sold to particular units bought.
You can use koinly, or similar software.
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Hi,
this post may answer your query.
You need to keep a detailed record of all units bought, then match units sold to particular units bought.
You can use koinly, or similar software.
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