CRYPTO22252 - Cryptoassets for individuals: Capital Gains Tax: pooling examples: example 2 - application of the same day rule
This example shows how the same day rule operates, as well as showing what happens to any tokens that can바카라 사이트™t be matched to the disposal.
Martyn holds 5,000 token B in a section 104 pool. He spent a total of £500 acquiring them, which is his pooled allowable cost.
On 23 June 20XX Martyn enters into the following transactions:
- Morning 바카라 사이트“ he disposes of 1,000 token B for £800.
- Afternoon 바카라 사이트“ he acquires 1,600 token B for £1,000.
- Evening 바카라 사이트“ he disposes of 500 token B for £600.
Martyn바카라 사이트™s disposals both take place on the same day, so they are treated as a single disposal of 1,500 token B for £1,400. Martyn바카라 사이트™s acquisition takes place on the same day, so the acquisition is matched with the disposal. Martyn will need to work out the gain on his disposal of 1,500 token B as follows:
| Consideration | £800 + £600 | £1,400 |
|---|---|---|
| Less allowable costs | £1,000 x (1,500 / 1,600) | (£938) |
| Gain | £462 | Ìý |
Martyn is unable to match the remaining 100 token B to disposals on the same day. Instead those100 token B and their associated cost of £62 (£1,000 x (100 / 1,600)) will go into the section 104 pool. The section 104 pool now contains 5,100 token B and total pooled costs of £562:
| Date | Quantity of token B | Pooled allowable costs |
|---|---|---|
| Opening balance | 5,000 | £500 |
| 23/06/20XX | +100 | +£62 |
| Closing balance | 5,100 | £562 |