What us poor non-doms?!
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Is Crypto the new contracting?
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"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain -
Originally posted by Jog On View PostI don't recommend this kind of thinking. I see a lot of it on this forum - lots of bitterness and anger toward those of us who are in and helping each other make money.
https://www.inc.com/jessica-stillman...your-envy.html
Feeling envious of others and wishing them to fail could be holding you back in other areas of your life.
You could lose money on either."I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
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Originally posted by b0redom View PostPresumably you can offset losses against gains though? Otherwise if an when it does all collapse people are going to be hit with a massive double-whammy of a huge loss in 'equity' and a massive tax bill....
If the coins crash to zero (or near as) by time of self assessment then no CGT to worry about, even if cashed out to £s by then, as the CGT is calculated on the profit value of each coin being traded and that profit is in the coin being traded not £ equivalent.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
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Originally posted by scooterscot View Post"Germany
Bitcoin has been considered a type of private money since 2013. Although Bitcoin is subject to capital gains tax of 25% in Germany, such a tax is levied only if the profits on Bitcoin are acquired within one year after the receipt of Bitcoin. Thus, taxpayers who hold Bitcoin for longer than one year will not be subject to capital gains tax and their transaction will fall within the scope of a non-taxable “private sale”. The treatment of Bitcoin in Germany is similar to the treatment of other investment instruments, such as stocks or shares."
Bitcoin taxation in the developed countries - No More TaxComment
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Originally posted by cojak View PostNo, I'm not against crypto, I see it as no different from stocks and shares really.
You could lose money on either.Comment
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Originally posted by TheGreenBastard View PostOuch so the taxation for some of your holdings will be 25%?Comment
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Originally posted by TheGreenBastard View PostOuch so the taxation for some of your holdings will be 25%?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostWhat holdings?Comment
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Suddenly their assets? I thought they were fairly dust that did not exist?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostSuddenly their assets? I thought they were fairly dust that did not exist?Comment
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