Originally posted by northernladyuk
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Is Crypto the new contracting?
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Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten. -
Originally posted by SimonMac View PostNot sure what is worse, losing something you never really had, or the tax man coming to take a massive chuck after you think you are in the clear
I am sure there is a scheme that can evade that.....Comment
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Originally posted by BrilloPad View PostPresumably that is capital gains tax?
I am sure there is a scheme that can evade that.....Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
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Originally posted by SimonMac View PostHow'd that work out for you last time?Comment
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Originally posted by BrilloPad View PostPresumably that is capital gains tax?
I am sure there is a scheme that can evade that.....Comment
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Originally posted by BrilloPad View PostWhy March 31st? Japanese related? Will gold go up or down?
BTW are crytpt gains tax free? income and capital gains?
Both in the UK/DE "liquidating" between cryptos qualifies for tax on the event (e.g. buying ETH with BTC = taxed).Comment
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It's taxed as good old 'massive chunk' CGT with the £11,300 (or whatever the actual number is) tax free allowance. I'm sure if one were to cash out regularly and live solely off it that would be considered as 'massive chunk' income tax.
AFAIK there isn't a separate 'massive chunk' tax rate for crypto so it's taxed just like everything else. Shock horror!
Still on the upside it gives you lot something to argue about and make yourselves feel clever predicting the 'massive bubble burst' - and thos of us in it are making serious bank - it's all good
I believe cashing out to FAIT has already occured without banks closing accounts or SAS men crashing through the windows.
Anyway - won't stand in the way of a good arguement - carry on!"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Well, I suppose you could just [SHOCKHORROR] pay the correct amount of tax on Crypto income. [/SHOCKHORROR]"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 cojak View PostWell, I suppose you could just [SHOCKHORROR] pay the correct amount of tax on Crypto income. [/SHOCKHORROR]
Of course one should pay tax on any investment gains whatever the vehicle - no?"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Originally posted by TheGreenBastard View PostNope, taxed (CGT) in the UK (and Germany if a single trade is kept for less than a year).
Both in the UK/DE "liquidating" between cryptos qualifies for tax on the event (e.g. buying ETH with BTC = taxed).Originally posted by cojak View PostWell, I suppose you could just [SHOCKHORROR] pay the correct amount of tax on Crypto income. [/SHOCKHORROR]
It would be funny if certain millionaire posters lost all their crypto holdings in the coming crash. Then made bankrupt by the unbudgeted tax bill.
I remember a trader at Lehman. Bought a really big place with mortgage. Secured on Lehman shares!
Ended up living with his parents.....Comment
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