UK is the same. Exchanging one crypto for another counts as a disposal for capital gains. Spending crypto counts as a disposal for capital gains. Sending crypto to someone else counts as a disposal for capital gains.
I don't envy tax accountants. The tax system was built for a small number of transactions. Crypto, with its thousands of transactions, is a nightmare.
Only taxing gains when moving crypto into fiat would be much simpler. But I'm not holding my breath for any changes.
I'm afraid to even say the word crypto in case some government buttwad jumps out from behind a pole and yells out tax! Lol.
I agree, accountants have a hard job which is why my, soon-to-be-ex accountant is struggling. I feel sorry for him to be honest as he will lose several clients, but that doesn't excuse his behaviour today.
Indeed, and I'd be happy with that scenario; I'd even pay 50%.