solved: In January 2022, Lan acquired $500 worth of ‘Ether’, the…


In January 2022, Lan acquired $500 worth of ‘Ether’, the…In January 2022, Lan acquired $500 worth of ‘Ether’, the cryptocurrency used on the Ethereum blockchain. Lan immediately used half the Ether to purchase a non-fungible token (NFT), costing $255. The NFT represents a digital piece of artwork she has acquired for investment purposes as she has heard that they could become extremely valuable (or equally ‘flop’ or even be a scam). The remaining Ether is kept for investment also. By early February, the NFT rose to $15,000 in value and Lan sold it for this amount. In doing so, Lan received $15,000 value in Ether, for which she then immediately converted back to Australian dollars. By the time she did so, the Ether value had increased slightly and she received $15,450 in Australian dollars into her bank account the same day. Her friend, Levi, was interested in Blockchain as well. At the beginning of March, Lan ‘airdropped’ Levi a fifth of her remaining Ether. The value at the time of the transfer was $120. In April, her wallet was hacked and she lost her remaining Ether, which was valued at $450. The police were not able to help her.Lan has carried forward losses from a painting she had sold last year of $8,000. The painting had been hanging in her bedroom until she decided to upgrade her décor. Determine Lan’s net capital gains for the year ended 30 June 2022 by answering the following questions: 1. Analyse each CGT event that occurs in respect to Lan’s crypto-related activities. In doing so, ensure you detail all aspects of the event before coming to a determination of each respective taxable gain (loss).2. Determine the net capital gains (loss) for Lan.3. Outline how your response in the prior question impacts Lan’s taxable income. LawSocial ScienceTax law BTF 3931

Don't use plagiarized sources. Get Your Custom Essay on
solved: In January 2022, Lan acquired $500 worth of ‘Ether’, the…
Just from $10/Page
Order Essay
Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 30% with the discount code ESSAYSHELP