I can confirm it is true. Hold crypto 1 year and it is tax free. Also a new law was just released that this also goes for staking. It was previously assumed that staking profits would be tax free after 10 years but it is now in fact 1 year. The problem comes up when you need to provide...
I launched my own token and did an ICO. Technically speaking its super easy to create tokens. But the legal part of things is a headache if you intend to do an ICO. Think of jurisdiction, SEC, accounting, taxes etc...
I have my doubts these solutions will work... but thanks to everybody for your input. Highly appreciated! @Admin it would great if you could delete this thread, unfortunately I cant find where to do so... thanks in advance!
Wouldnt it be an option to just "create" a purchasing contract with a date of 2 years ago or so? Id really like to be on the safe side cause the need for cash still exists. What if a random EMI asks for proof after cashing out a lower amount? This situation sucks...
Yeah I see. Certainly not possible in Germany as everything must be notarized and I believe a "cash deal" aka crypto transaction would potentially be illegal.
So yeah, Im slowly coming to the same conclusion.
Yeah its getting really bad here and Im starting to question my intentions. Mainly because they would have the power to confiscate real estate and potentially will.
Didnt really understand this: Then make your point #1 of this venture with your first condo / house.
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