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Recent content by treblepebble

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    Singapore options

    Theres part of this that I don't understand. From what I read on these forums if my SIngapore Company uses a Singapore based bank account (which I would need to do in order to get business crypto exchange accounts), then it will pay taxes on profits on my crypto sales? So even though my...
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    Singapore options

    Thanks for this. That is the kind of thing I would be looking to setup as I don't particularly want to reside in Singapore. Thailand would be the preferred option. So I would require an SG company but not residence and then pay myself a dividend. Are there any companies you know of who could...
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    Singapore options

    Ok thanks. Out of curiosity how much would I need. I have probably $2-3M I'd be prepared to move there but I am guessing they are interested in much more
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    Singapore options

    Assuming I wanted to set something like this up, some form of setup in Singapore with a company doing the sells of my holdings over time, but residing in a country like Thailand, who would be the best people to contact? Thanks again
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    Singapore options

    Thanks for this. This could be what I'm looking for. Although I don't really trade frequently and I'm more of a long term holder. I would be doing a few trades per month though on which the CGT could be in the millions. Also some of the above posters seem to indicate that its very difficult to...
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    Singapore options

    This would be my intention, just to reside there, no business or company (unless it helped to form one), and conduct my overseas personal trading, which I assume would be 0% CGT. Are you saying even doing just this is quite difficult? Thanks
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    Singapore options

    I understand that Singapore is 0% capital gains, which I assumed would make it a crypto tax haven. However, I don't see it mentioned much as an option on here with many opting for Dubai , Portugal. I wondered if there was a reason for this. Also, doesnt anyone know where one would start if...
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    Curious about tax loop hole

    This bit that puzzles me is how would HMRC go about contacting me to even tell me this? That and the bank have no reason to know that I am no longer UK resident. I know that the bank reports to HMRC, but does HMRC report back to banks? As in my situation the bank would submit to HMRC my...
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    Curious about tax loop hole

    I previously was a UK tax payer, left the UK, informed HMRC, but maintained my UK bank accounts and some offshore accounts to a UK address. If I was sell property, with the proceeds going directly into one of those UK bank accounts. How would any authorities determine that I was liable to pay...
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    Banks, Tax residency and CRS reporting

    Yes I submitted this and specified my new country and address. If they won't ignore it, what would be the likely outcome?
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    Banks, Tax residency and CRS reporting

    I have recently left the UK for Thailand and informed HMRC that I am no longer a resident. I have yet to inform the Thai tax authorities of my presence however, nor have I informed my UK banks of the change in status. I am also considering leaving Thailand for another country also, entering into...
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    Does CRS reporting matter in this case?

    I am looking to setup a UAE business entity for cashing out crypto gains as I understand that there is no tax in this scenario. I have read a lot about CRS in the last few days about the various issues about reporting happening. As I am not looking to hide any funds, and just using the UAE...
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    UK-Thailand-Alternative large sum crypto cash out options

    Ok thanks, will they allow me to setup these accounts without travelling to the country? Currently it's obviously a little difficult due to covid
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    UK-Thailand-Alternative large sum crypto cash out options

    I informed HMRC that I left the UK. But the bank I used in the UK to cash out I have not informed as to keep it for an avenue for cashing out. If I were to cash out through that UK bank and then send the funds off-shore (my offshore bank is not crypto friendly), would there be any problems in...
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    UK-Thailand-Alternative large sum crypto cash out options

    Hello, I was hoping someone could offer me some advice. I'm Scottish, mid 40's. UK passport. I bought some crypto in 2019. I sold some of it last year making a good profit. I will be declaring these capital gain profits to HMRC for my 2020-2021 UK tax return. I cashed out these profits to a UK...