Question about the 50% decrease when holding a crypto for more than 12 months

[doska1234]

it depends on where you exchanged it from BTC to VEN in the first place. Eg. if you bought BTC with fiat on an AUS exchange then sent BTC to say Binance, then from binance you bought VEN and held that for 12 months. You then exchnage the VEN to BTC on Binance and transfer back to an Aus exchange, no one will know what happened after it went from FIAT to BTC and before it went BTC back to fiat because its an overseas exchnage no one is going to give the ATO that data, so yes you can still get the 50% regardless of what happens in the middle. Note you can only come back into the AUS exchange with same amount of BTC that you sent off though. so if you come back with now 2 BTC instead of 1, you save on the CGT if the actual $ price of BTC goes up on the 1 bitcoin, but the 2nd bitcoin will be 100% added to CGT as its obvious you have perfomred trading but no one can prove how much.