Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12799. (Read 26711867 times)

That's a weird system. Kind of like inflation or a negative interest rate on all of your net worth.

Here in NL you only pay tax on the amount you own, irrespective if it's in BTC or cash. You get taxed 1.2% over the value of all your belongings on the first of january of that year, so that's everything in cash, crypto, bank accounts minus all your debt* and minus 25k euro untaxed amount. Cashing out and trading are not taxable events.

So this year I will have to pay taxes on what my stash was worth the first of january =(. Luckily the percentage is very low.

*excluding mortgage

Nope, cap gains is 20% in UK. If you earned large amounts then you'll be in the 45% bracket but if you're cashing out some long-term holdings then it's CGT not income tax.
Remember too that you have a £11,500 CGT allowance (might be a little more this tax year) and that if you have a spouse you can also use their unused CGT allowance.
I just filed and paid my tax return, having taken significant pains to account for everything. I'm still living in fear of an audit because there's no way HMRC understand this stuff and a bunch of exchanges from 2014-15 are defunct, so proving I've acted honestly would be well-nigh impossible.
Posts like yours encourage me, because I know HMRC has limited resources. So it's a bit like the old joke:
Two guys are in the jungle when they see a lion running towards them. Frantically, one of the men starts putting on his running shoes.
Surprised, the other man says " What are you thinking, you can't outrun a lion!!!"
" I don't have to outrun the lion," said the man, " I just have to outrun you."

Got to " Full Global Money ", just HOLD

Someone please break it to me gently where is the Aston? Can normally spot these a mile off...

Myeong Dong

https://goo.gl/9FQyQn


Knew it looked familiar. Been there.

Anywhere in the EU, they probably won't do shit unless it's over 100k per year. But don't hold me to that.  

If (as far as i know) you want to do it by the book as i do to avoid problems in the future:

For people with small profits like me, just register a UK company as a sole trader, that gives you the first 12,500 GBP (about $15k ) tax free, you will need to register and get an NI number and only need to pay NI contributions of about 240 GBP a year.  Then there are pleanty of other contries in the EU that you don't need to reside in to register as being able to trade some with tax free allowances for first few thousdand.  If you have the time and put in the effort and research you can get a massive chunk out tax free and legally and at the very worst it's a grey area.

Look into Malta and Andorra if you have a decent amount and want to keep all the tax affairs in one place and If you are talking about millions then pay someone in the cayman islands or set up your own 3 way company like all the massive companys like google do.

I have only took out a few thousand since 2012, but it's all been legal as far I have have looked into.  If anyone knows differnt i would like to hear from them as i don't want a knock on the door in 20 years saying i owe money to someone somewhere.

Probably none where I would also be willing to live and spend my newfound wealth.

I see a "WALL OBSERVER" sign in the middle of the picture, it can't be any more BTC related than that

hmm locating......

Is there really a country in this world where you can just cash out and nobody will even think of telling you to pay tax on your newfound wealth?

So you’re right - https://www.google.co.uk/amp/s/www.dailymail.co.uk/money/experts/article-5019947/amp/Do-pay-tax-sell-bitcoin-big-profit.html

I have to admit I’ve never declared anything I’ve sold, (please don’t track me down HMRC - good luck on that though ) I assumed it was 45% tax here as it’d be a lot to sell GBP wise.
This makes me very happy, thanks.

So quickly )

Yep, Seoul.

What place?
Small hint on the next photo. Not Gundam





Oh.. really? I missed something  The whole country is BTC related! But haven't seen here crypto-related advertisement of smth like this 

OT: Sounds like Apple is going to stop reporting actual quarterly unit sales numbers for it's iPhones, iPads, and laptops.

https://www.cnbc.com/2018/11/02/apple-stock-lower-after-major-shake-up-of-quarterly-reports.html

WTAF?? I guess transparent sales and revenue numbers just don't fkn matter for these tech companies anymore. Stock price will keep pumping while sales go down. Insane the world we live in now.

Good job you only have to pay 20% then. You're welcome to pay the extra 25% voluntarily. That'll fund another council bum wiper for me.

It’s Seoul.
Check the license plate at Aston Martin and it this photo

It’s in Korea

My first guess is Seoul...Gangnam...looks familiar.

^
than probably SOUTH
seoul
gangnam-gu.... or something

BUT WHERE IS SOMETHING BTC RELATED ON THE PIC
THAT WAS THE NEW STANDARD

 It's Korean I believe