Author

Topic: UK legislation bitcoin (Read 870 times)

sr. member
Activity: 952
Merit: 281
June 06, 2014, 07:03:30 AM
#6
If the purpose is simply to give the company bitcoins, I would think it could be recorded as a gift.

If you are talking about transferring the mining operation to the company, then some sort of start-up loan seems more appropriate (enabling the company to buy the assets).
This seems very logical.
legendary
Activity: 1092
Merit: 1001
Touchdown
June 06, 2014, 05:51:34 AM
#5
If the purpose is simply to give the company bitcoins, I would think it could be recorded as a gift.

If you are talking about transferring the mining operation to the company, then some sort of start-up loan seems more appropriate (enabling the company to buy the assets).
sr. member
Activity: 434
Merit: 250
June 06, 2014, 05:00:06 AM
#4
That is money's worth includes vouchers, goods, etc. - effectively anything that has value - and so Bitcoins seem to quite easily fall in that category.
member
Activity: 73
Merit: 10
Bitcoin Lawyer in Kensington, London
June 04, 2014, 06:58:43 PM
#3
I would advise to find a qualified lawyer in the field of information technology, rather than seek an answer on the forum

I am a lawyer in London.

If you require any legal advice please email info(at)selachii.co.uk or call +44 (0) 20 7792 5649.

www.bitcoinsolicitor.com
newbie
Activity: 42
Merit: 0
June 04, 2014, 03:18:53 PM
#2
I would advise to find a qualified lawyer in the field of information technology, rather than seek an answer on the forum
full member
Activity: 196
Merit: 100
June 04, 2014, 05:08:16 AM
#1
Hi guys,

Need help with the following scenario:

I have two miners hosted that I have bought personally with my money.
I have paid for the miners and the hosting in bitcoins.
I have an account with bitstamp so I can transfer the money to any SEPA account.
I have a UK startup company.

My question is the following:
Can I transfer the bitcoins using bitstamp to the UK company?
How would I declare this income for the company in order for it to be legit?
Do I have to show some proof I own the miners or that I have paid for the hosting?
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