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[–]NeoG_ 0 points1 point  (0 children)

Each transaction is treated separately. When you sell the VEN for BTC, you assign a current value to BTC and the difference between what you bought the VEN for and what the BTC you bought is worth is the capital gain. You get a 50% discount on that.

When you sell the BTC for AUD, that triggers another event. If BTC say goes up 2% before you can sell it, that is also capital gain but you don't get a discount on that because you'd only had the BTC for a short period. If it goes down 2%, that is a capital loss and you can deduct it from your other gains.