I live in ireland, should I pay taxes on the profit made?
Anybody knows if the revenue is controlling it?
thanks
Topic: Taxes on bitcoin? (Read 3784 times)
If I were to sell property in a different country and the buyer were to pay me in bitcoins, would there be any taxes to pay? And when trading in the bitcoins for UK GBP, would there be any taxes to pay then? 
all i know that if we buy some property there is also a corresponding tax to be paid. if you acccept btc as payment of the property you are selling thats good. but i think its not ok if you use its in other country like uk to re purchace property because uk is very strick regarding buying properties. they conduct investagation on where the money came from. so be carefull if you are planning to use it in uk.
This would depend on how bitcoin and taxes is treat in your country. If you are paying tax for that certain property already then on next payment of tax return that particular asset is declared sold then how could you explain the sale that happens. Better go to tax bureau and ask about it.
I think the tax on bitcoin is still in fairness, there are many who say that bitcoin tax is expensive but I think it still makes sense and it does not matter if it continues to be applied to bitcoin.
And however bitcoin price at the moment it's higher than before, so the incomes that was earned will also be a high as compared to other jobs in general, it could be the reason the taxes on bitcoin deserve to be a bit expensive.But still for the countries that hasn't legalize bitcoin including in the country where I live, still free on taxes. But after to cashed it, it's good if we keep paying a taxes to the government, or at least helping the paupers or doing a charity.
I think the tax on bitcoin is still in fairness, there are many who say that bitcoin tax is expensive but I think it still makes sense and it does not matter if it continues to be applied to bitcoin.
And however bitcoin price at the moment it's higher than before, so the incomes that was earned will also be a high as compared to other jobs in general, it could be the reason the taxes on bitcoin deserve to be a bit expensive.But still for the countries that hasn't legalize bitcoin including in the country where I live, still free on taxes. But after to cashed it, it's good if we keep paying a taxes to the government, or at least helping the paupers or doing a charity.
If you use bitcoin for transactions, it doesn't involve taxes, but in countries where bitcoin is illegal, you may have some trouble, especially if it involves a lot of money.
I think the tax on bitcoin is still in fairness, there are many who say that bitcoin tax is expensive but I think it still makes sense and it does not matter if it continues to be applied to bitcoin.
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I've read earlier that Japan plans and " in discussion " to generate profit from taxes on Bitcoin and I was like how the hell will they do that , It's difficult to trace people who uses bitcoin, unless it will be generated from exchanges and trading platform which earlier have been accredited and allowed by the Japanese Government.
Depending on the country you want to trade if the country has accepted the bitcoin and made it a payment method of that country, no country in the world has recognized bitcoin as a bar method. mathematicians in their country. If the person you want to buy accepts for bitcoin, then I do not think you have a tax problem
If the country has not declared a legalization of the Bitcoin you will not pay a tax and if it's legal on the country you will pay a tax. But you should research that if that country is legal or illegal about Bitcoin. Most countries have taxes on property transactions, and all property transaction must be registered, with the price in local currency included in the registration process.
Today it is impossible to make a deal on the acquisition of real estate with bitcoin in any country in the world. States may require you to pay taxes only on your earnings in Fiat. Once you get the Fiat from selling bitcoins to Bank account, you will get under the tax code. Up to this point you do not have to pay. If I were to sell property in a different country and the buyer were to pay me in bitcoins, would there be any taxes to pay? And when trading in the bitcoins for UK GBP, would there be any taxes to pay then?
Firstly, no government entity or organization can impose tax on bitcoin due to its decentralized nature, meaning no one actually has complete control of it. Imposing tax on something that the government cannot regulate will violate their powers and jurisdiction. Second, it is also a case-to-case basis and it highly depends on the country depending on their current laws regarding bitcoin. Lastly, bitcoin trading into different countries is no different from exchanging coins to fiat. It depends on the wallet you are using regarding their terms & agreement.
If the country has not declared a legalization of the Bitcoin you will not pay a tax and if it's legal on the country you will pay a tax. But you should research that if that country is legal or illegal about Bitcoin. Most countries have taxes on property transactions, and all property transaction must be registered, with the price in local currency included in the registration process.
Bitcoin is a virtual currency and can be exchange into different currencies such as EUR, USD, Peso and other more. And most of us treat it as a property. To be able to have tax in a certain property it must be recorded properly and must be known by the government. But since bitcoin is really anonymous and very decentralized, it would be hard to keep records of it. Meaning it will be hard to imply tax into bitcoin. Maybe, tax with bitcoin can be felt in every transactions we make. Payments and other transactions.
If I were to sell property in a different country and the buyer were to pay me in bitcoins, would there be any taxes to pay? And when trading in the bitcoins for UK GBP, would there be any taxes to pay then?
I don't know the law of the UK, but here in Russia we actually have to pay taxes from every income what I don't do actually. For now nobody yet asked me where from money that I get on my bank's account are going from, but I have few friends whom been asked about it by tax police. For that case I plan to say that it is family support or something like that. I don't earn some big money and I hope I will not attract a lot of attention. There are many ways to escape the tax system you know 
If I were to sell property in a different country and the buyer were to pay me in bitcoins, would there be any taxes to pay? And when trading in the bitcoins for UK GBP, would there be any taxes to pay then?
Ya surely you have to pay taxes for selling property and when selling in a different country then i think forex trading charges will also applied as you are going to deal in other country so you will be charges double with property trading and including in foreign currency trading. But when dealing in Bitcoin i think that you have to contact your legal and tax department about it.
Wtf are you talking about?
Bitcoin is recognized as a currency in half of the world, and it is recognized in the countries which matter most for Bitcoin such as the US, Japan, and EU. In the US it is considered as commodity for trading purposes but this doesn't mean Bitcoin is not legalized there. In the EU the European court recommended local governments to treat Bitcoin as a foreign currency for taxation purposes. If you mean that you can't pay taxes directly with Bitcoin, I agree with that but this is not what the poster you replied to seems to mean. As I got it, he means that you should ask your tax authority whether you should pay taxes on your Bitcoin deals, irrespective of the currency you are going to pay these taxes with
If you make a transaction in BTC; It does not impose any tax until you convert into fiat currency of your country through an authorized exchange. Tax evasion is a very serious issue. Tax would be induced on Capital gain above the original principal amount invested.
If I were to sell property in a different country and the buyer were to pay me in bitcoins, would there be any taxes to pay? And when trading in the bitcoins for UK GBP, would there be any taxes to pay then?
Ya surely you have to pay taxes for selling property and when selling in a different country then i think forex trading charges will also applied as you are going to deal in other country so you will be charges double with property trading and including in foreign currency trading. But when dealing in Bitcoin i think that you have to contact your legal and tax department about it.
If I were to sell property in a different country and the buyer were to pay me in bitcoins, would there be any taxes to pay? And when trading in the bitcoins for UK GBP, would there be any taxes to pay then?
Ya surely you have to pay taxes for selling property and when selling in a different country then i think forex trading charges will also applied as you are going to deal in other country so you will be charges double with property trading and including in foreign currency trading. But when dealing in Bitcoin i think that you have to contact your legal and tax department about it.
As far as I know bitcoin, I don't knowing yet that on using bitcoin there is a taxes must be paid to the local government. I think it depends on the government of the country, how to deal with bitcoin using on its country.. maybe some countries has already applied taxes on the using of bitcoin, however in the country where I live there is no such thing as taxes for bitcoin, because the government is still seen giving freedom for bitcoin users.
If I were to sell property in a different country and the buyer were to pay me in bitcoins, would there be any taxes to pay? And when trading in the bitcoins for UK GBP, would there be any taxes to pay then?
Your tax liabilities will depend on your country's specific regulations. For example, in the United States, the IRS has released regulatory guidelines about how cryptocurrencies are to be reported on tax forms.
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