CRYPTO22256 - Cryptoassets for individuals: Capital Gains Tax: pooling examples: example 6 - interaction of same day rule, 30 day rule and section 104 pool

This example shows how to the same day rule, 30 day rule and a part disposal of the section 104 pool interact.

Gulferaz holds 100,000 token F in a section 104 pool. He spent a total of 拢300,000 acquiring them, which is his pooled allowable cost.

Gulferaz enters into the following transactions:

  • 31 July 20XX 바카라 사이트� acquisition of 10,000 token F for 拢45,000.
  • 31 July 20XX 바카라 사이트� disposal of 30,000 token F for 拢150,000
  • 5 August 20XX 바카라 사이트� disposal of 20,000 token F for 拢100,000
  • 6 August 20XX 바카라 사이트� acquisition of 50,000 token F for 拢225,000
  • 7 August 20XX 바카라 사이트� disposal of 100,000 token F for 拢150,000

Gulferaz바카라 사이트檚 acquisition on 31 July 20XX takes place on the same day as a disposal so those transactions are matched as far as possible (that is 10,000 token F).

Gulferaz바카라 사이트檚 acquisition on 6 August 20XX takes place within 30 days of the disposal on 31 July 20XX so that acquisition is matched with the disposal on 31 July 20XX as far as possible (that is 20,000 token F).

Gulferaz바카라 사이트檚 acquisition on 6 August 20XX also takes place within 30 days of the disposal on 5 August 20XX so that acquisition is matched with the disposal on 5 August 20XX as far as possible (that is 20,000 token F).

The remaining 10,000 token F acquired on 6 August 20XX go into the section 104 pool as normal.

Gulferaz will need to work out his gains/losses on the three disposals as follows:

31 July 20XX

Consideration 拢150,000 听
Less allowable costs 바카라 사이트� same day (10,000 token F) 拢45,000 (拢45,000)
Less allowable costs 바카라 사이트� 30 day (06/08 - 20,000 token F) 拢225,000 x (20,000 / 50,000) (拢90,000)
Gain 拢15,000 听

No token F go into or come out of the section 104 pool at this date.

5 August 20XX

Consideration 拢100,000 听
Less allowable costs 바카라 사이트� 30 day (06/08 - 20,000 token F) 拢225,000 x (20,000 / 50,000) (拢90,000)
Gain 拢10,000 听

No token F go into or come out of the section 104 pool at this date.

6 August 20XX

The section 104 pool is changed as follows:

Date Quantity of token F Pooled allowable costs
Opening balance 100,000 拢300,000
06/08/20XX +10,000 +拢45,000
Closing balance 110,000 拢345,000

7 August 20XX

Consideration 拢150,000 听
Less allowable costs 바카라 사이트� S104 拢345,000 x (100,000 / 110,000) (拢313,637)
Loss (拢163,637) 听

The section 104 pool is changed as follows:

Date Quantity of token F Pooled allowable costs
Opening balance 110,000 拢345,000
07/08/20XX (100,000) (拢313,637)
Closing balance 10,000 拢31,363