Thanks Fred, is this a freezone company set up that you are quoting ? How do you propose that I cash out in Dubai. Would this mean becoming a tax resident and cashing out to an exchange in the UAE like BitOasis ?
Thanks for your comments Mebuq, I have thought of sending the money to the non tax resident. I don't think it is a problem for me if I keep the money offshore. The issue arises if I bring the money back to the UK. I am looking at around 5 Million UK pounds. I'm sure I will be asked questions as...
Thanks for your response.
1. Bought most of my crypto from Coinbase. So I guess, I would have to pay the Capital Gains Tax, when I cash out ?
I guess if I was a tax resident in UAE when I bought crypto I wouldn't have to pay any capital gains tax, but that isn't the case for me.
3. You say...
Hi,
I am hoping someone could tell me if it is worth cashing out My Crypto Gains in Dubai and bypass Tax on Capital Gains in the UK.
I am working on the hypothesis that my Crypto Gains could be in excess of 5 Million UK pounds by the end of this year.
I currently have a holiday home in Dubai...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.