hi all,
im a uk resident working full time. i recently learned that my crypto to crypto trades done in the past two years are taxable events. i now calculated my tax with cointracking.info and it turns out that my capital gains for 2017/18 were around 6k (in EUR), i did about 450 trades that tax...
Interesting, thank you.
The problem is - my Coinbase and binance account are registered with my personal address in UK, in this case it would not work right ? What if i would have registered with the address of my home country instead ?
yes if you are EU citizen and live within EU.
"Für Privatkunden gilt: Falls Sie eine Staatsangehörigkeit der EU/ des EWR besitzen und einen Wohnsitz innerhalb der EU/ des EWR haben, können Sie bei uns ein Konto eröffnen. Falls Sie ausschließlich eine andere Staatsangehörigkeit besitzen...
Fidor UK ? at least fidor germany is bitcoin friendly... otherwise try Estonia, there are some crypto friendly banks and also the big exchanges like coinbase and others use them
of course. every trade will be calculated in FIAT at the time and if you made gains in USD, EUR or whatever you're currency is, you pay tax on these gains.
unfortunately crypto to crypto trades are taxable events. if you are doing this already for years you probably already owe tax money to UK and France for the respective tax year. from law perspective you can move wherever you want at any time, you still owe them tax money. sorry to bring bad...
hi all...
I still have my bank account in Germany but have been living in the UK now since 3 years. I use the German EURO account with Bitcoin Exchanges since it is a Bitcoin friendly bank.
My questions is - what happens if I transfer a large sum (20k+) from a Crypto exchange to this bank.
I...
How about setting up an offshore Company in Cyprus + Mister Tango account for trading crypto and more importantly cashing out crypto to EUR (100k+) ? Would this be a good and safe setup if you are based in the UK ?
please also consider that even though you have not cashed out to FIAT in your previous country you probably still owe them taxes, because every crypto to crypto trade is a taxable event. it´s not like you just don´t cash out and not declare it and that´s it...
If you provide HMRC all your trade...
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