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Determine James net capital gain loss explaining each possible GST event and analysis thereof basses on australian tax law James' investment activities James holds 5

Determine James net capital gain loss explaining each possible GST event and analysis thereof basses on australian tax law
James' investment activities
James holds 500 shares in the ASX listed company Incitec Pivot Limited (IPL). James had acquired the IPL shares on the 26th of August 2022 for A$4.02 per share plus A$19.95 brokerage. On 13 November 2023, IPL announced it was undertaking a return of capital to shareholders via a pro-rata capital return and unfranked special dividend.
The payment date was 8 February 2024 and is summarized as follows:
Return of capital of $0.1557 per share capital return. Special dividend (unfranked) of $0.1017 per share.
This did not result in a reduction of the number of shares James held.
The ATO class Ruling CR 2024/11 Incitec Pivot Limited reduction of share capital sets out the income tax consequences for holders of ordinary shares in IPL who received the capital return.
The dividend is assessable under s44(1) ITAA1936.
As can be seen by the remuneration package negotiated with Stanley Pty Ltd, James is interested in the cryptoeconomy. His interest extends beyond Bitcoin and has undertaken a couple of transactions in recent months. Firstly, James attended a concert in January 2024. The ticket agency had a discounted price for those willing to purchase tickets using crypto assets. Given his familiarity with the technology, James thought this was a great opportunity to save some money. To access the discounted tickets, James purchased A$300 worth of Ether (ETH) through a centralized exchange and immediately used this to purchase the concert ticket for the same value. He saved A$100.
Then in February 2024, James purchased 200 Ripple tokens (XRP) for A$400 and incurred A$2 in transaction fees. Four days later, he then exchanged the 200 XRP for 1 Ether (ETH). At that time, the market value of the ETH was A$450.

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