Topic: Bitcoin as property (Read 479 times)
because bitcoin can be used for investment, and property can also be used for the investment of both different but the same keguanaanya that is to invest long term, because the price can rise in the future
I think it is also like that bitcoin is a property even when viewed from the increase of bitcoin price more than property and so far I think bitcoin has the highest value in the increase.
We know how much important of legalization of bitcoin. We know how the bitcoin is being legal for these days. We can own our own bitcoin or being registered the bitcoin in your own name. For now, we should expect a lot of transaction fees for we have bitcoin as property. Bitcoin under your name is like registering your own car on your own name.
It's funny seriously, I don't know where the government is taking it to but one thing is sure these are all government tactics. They don't want people to deal Bitcoin so, they are making the regulations tight and tough. This is how government deals with the things they are indirectly pressurising the people to stop using Bitcoin. They did the same with tobacco so that the farmers stop cultivating it and it worked for them.
a transaction with Bitcoin at first is the idea of the buyer. Although the further development of Bitcoin in the Lake Tahoe property market has not been predictable, it indicates the potential for digital currency in the industry and paves the way for future supply in both residential and commercial sectors.
I understand that this is a tax on transactions for the purchase and sale of BTC, that if over time bitcoin will be a self-sufficient payment unit, in this case they can be paid for without conversion and then there will be no basis for taxes. Or I'm wrong ?
You're right. Using bitcoin without converting to Fiat is the worst that can be imagined by the government. They'll never let that happen. For this reason, bitcoin is recognized property, the asset etc etc But it will never recognize currency. It is the duty of the bitcoin community to create conditions for the use of bitcoins autonomously.
I think bitcoin is a valuable asset. is a trend in the future
I understand that this is a tax on transactions for the purchase and sale of BTC, that if over time bitcoin will be a self-sufficient payment unit, in this case they can be paid for without conversion and then there will be no basis for taxes. Or I'm wrong ?
How about my government decide not to legalize bitcoin ?
If they don't legalize bitcoin, they don't have the right to apply the tax,right ?
They still not make any restrict policy yet so I can still use bitcoin without paying any tax !
In general, I disagree with you. The governments control everything (inside their countries) and even if they do not recognize Bitcoin, it does not mean that they will not tax their users, there is always exploitation. Their goal is to profit from every financial transaction, that's the issue. If they don't legalize bitcoin, they don't have the right to apply the tax,right ?
They still not make any restrict policy yet so I can still use bitcoin without paying any tax !
Furthermore, I think if the majority of governments will recognize Bitcoin and cyrptocurrencies in general, then I am pretty sure that the value of taxes will increase, But the positive thing, they cannot control Bitcoin, so they will have many problems. I think the tax problem will always be present in many countries, because the global economy has some crises, so they want to compensate some of financial losses through those taxes.
Every government have their own rule and yes, bitcoin consider as asset / property just like real estate/land so it can't be compare with fiat, IMO
My government forbid bitcoin because security reason although they can earn revenue by applying tax on bitcoin.
Or I think my government still short thinking about btc , idk
...For the payment of taxes, I am willing to pay my share if there would already be proper rules and regulations about it.
My government forbid bitcoin because security reason although they can earn revenue by applying tax on bitcoin.
Or I think my government still short thinking about btc , idk
indeed bitcoin as a property for cash containers
I also consider bitcoin as a cashmaker for me
if to discuss the matter of HODLrs, the profit earned may be 20% of the initial capital, but now the taxes almost eat 0.025% of the sale of bitcoin
If taxation is concern we should pay taxes according to law, but how to implement tax to crypto currency it be passed into law so that proper documentation and will define policy will be imposed. I also consider bitcoin as a cashmaker for me
if to discuss the matter of HODLrs, the profit earned may be 20% of the initial capital, but now the taxes almost eat 0.025% of the sale of bitcoin
indeed bitcoin as a property for cash containers
I also consider bitcoin as a cashmaker for me
if to discuss the matter of HODLrs, the profit earned may be 20% of the initial capital, but now the taxes almost eat 0.025% of the sale of bitcoin
I also consider bitcoin as a cashmaker for me
if to discuss the matter of HODLrs, the profit earned may be 20% of the initial capital, but now the taxes almost eat 0.025% of the sale of bitcoin
How about my government decide not to legalize bitcoin ?
If they don't legalize bitcoin, they don't have the right to apply the tax,right ?
They still not make any restrict policy yet so I can still use bitcoin without paying any tax !
In general, I disagree with you. The governments control everything (inside their countries) and even if they do not recognize Bitcoin, it does not mean that they will not tax their users, there is always exploitation. Their goal is to profit from every financial transaction, that's the issue. If they don't legalize bitcoin, they don't have the right to apply the tax,right ?
They still not make any restrict policy yet so I can still use bitcoin without paying any tax !
Furthermore, I think if the majority of governments will recognize Bitcoin and cyrptocurrencies in general, then I am pretty sure that the value of taxes will increase, But the positive thing, they cannot control Bitcoin, so they will have many problems. I think the tax problem will always be present in many countries, because the global economy has some crises, so they want to compensate some of financial losses through those taxes.
We know how much important of legalization of bitcoin. We know how the bitcoin is being legal for these days. We can own our own bitcoin or being registered the bitcoin in your own name. For now, we should expect a lot of transaction fees for we have bitcoin as property. Bitcoin under your name is like registering your own car on your own name.
It's funny seriously, I don't know where the government is taking it to but one thing is sure these are all government tactics. They don't want people to deal Bitcoin so, they are making the regulations tight and tough. This is how government deals with the things they are indirectly pressurising the people to stop using Bitcoin. They did the same with tobacco so that the farmers stop cultivating it and it worked for them.
Since the government cannot totally track the transactions of its citizens then it would be good option to just levy tax on the platforms use by the people. The platform would just automatically charge tax on every transaction so that the tax would already be accumulated and the platform would just have an option to generate reports so that taxpayers can include it in their filing of taxes as already paid.
As for our country, there is no regulation yet as to how we would recognize cryptocurrency but our government is not against it since they grant some licenses to some crypto related platforms and we can even directly deposit or withdraw to our bank accounts. For the payment of taxes, I am willing to pay my share if there would already be proper rules and regulations about it.
As for our country, there is no regulation yet as to how we would recognize cryptocurrency but our government is not against it since they grant some licenses to some crypto related platforms and we can even directly deposit or withdraw to our bank accounts. For the payment of taxes, I am willing to pay my share if there would already be proper rules and regulations about it.
When bitcoin is said to be a property it must have a physical form, while bitcoin is known to everyone just stored on the internet. Then I tend to be more bitcoin as an asset because the data from bitcoin is complete and has value, the only bitcoin has no physical.
Well, it really depends on every countries regulation on how they have to accept bitcoin. But bitcoin could be accept as property but digitally so if they wanted to tax something from digital money because they think it is a thing but its not they don't know the feelings. According to this video, https://www.facebook.com/cnbccrypto/videos/1688689147880991/
Bitcoin is considered as property and therefore whenever you sell your BTCto cash, there are two transactions. You first sell the ‘property’ to cash value then what you gain from the sale is used as cash. These transactions are therefore taxable.
For HODLers, if you cash out it in less than a year then it would be considered as income so there’s tax for that. If you hodl for more than a year, then IRS will consider it as 20% capital gains.
I think this has two different point of view depends upon the philosophy of every bitcoin hodlers and supporters so it could be acceptable as property and/or it could also not a property. Bitcoin is considered as property and therefore whenever you sell your BTCto cash, there are two transactions. You first sell the ‘property’ to cash value then what you gain from the sale is used as cash. These transactions are therefore taxable.
For HODLers, if you cash out it in less than a year then it would be considered as income so there’s tax for that. If you hodl for more than a year, then IRS will consider it as 20% capital gains.
When we talk about property we are talking about for something own by a person and stands as a source or assets of his/her income. It is also a thing you bought or received as a gift, and far as I know money is not a property but the product of property or of the source.
According to this video, https://www.facebook.com/cnbccrypto/videos/1688689147880991/
Bitcoin is considered as property and therefore whenever you sell your BTCto cash, there are two transactions. You first sell the ‘property’ to cash value then what you gain from the sale is used as cash. These transactions are therefore taxable.
For HODLers, if you cash out it in less than a year then it would be considered as income so there’s tax for that. If you hodl for more than a year, then IRS will consider it as 20% capital gains.
In General, taxes vary from country to country. For example, in Russia there is very little tax to work with cryptocurrency. Bitcoin is considered as property and therefore whenever you sell your BTCto cash, there are two transactions. You first sell the ‘property’ to cash value then what you gain from the sale is used as cash. These transactions are therefore taxable.
For HODLers, if you cash out it in less than a year then it would be considered as income so there’s tax for that. If you hodl for more than a year, then IRS will consider it as 20% capital gains.
We know how much important of legalization of bitcoin. We know how the bitcoin is being legal for these days. We can own our own bitcoin or being registered the bitcoin in your own name. For now, we should expect a lot of transaction fees for we have bitcoin as property. Bitcoin under your name is like registering your own car on your own name.
the more rampant bitcoin, bitcoin used as a means of payment, even in dubai, we buy properties can use bitcoin, even can also as an investment tool, it's really a very amazing development
Bitcoin cannot be regarded as property. The government are deceiving us. The property has a material form. Moreover, the property has a price only at the time of sale. How can bitcoin be considered a property? Today it can cost $ 20,000 and tomorrow $ 5,000. Who will return the difference? I think there will be a lot of questions about taxation.
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