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I don't get the first part. If you'd put a grand in BC a decade back wouldn't that be a gigantic tax bill?
not if you don't declare it. How they gonna know you've got it?
And if you want to cash out enough such that a large tax bill might be a problem then you exit BTC to an offshore bank.
The biggest issue with offshore banking these days is getting the money in and out. Crytpo coins provide a route for that.
"Why is this money in your account" seems a reasonable query to me.
If you have sufficient BTC such that you are committing tax evasion DON'T PUT IT IN YOUR OWN ACCOUNT
like I said. The platform is a dream for money laundering. So why go and ruin that.
If you have less than £10k to realise then that's under the CGT limit so fine crack on.
Or take £10k a year.
Or put it somewhere invisible.
I bought a load of bitcoin and eth pension funds and also opened an ISA.
Did very very well out of them. Made about £20K pensions funds and about £1k on the ISA.
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