Hi all, I have just come across this forum and was looking for some advice.
I have some crypto currency holdings which have done well this year this got me thinking about long term planning. With the potential change to capital gains in the UK and the (potential) upside of the investment, coupled with the fact I actively manage/trade them on one/various exchanges I'd rather avoid an annual capital gains charge for moving between assets, or selling it to cash in a downward market.
I don't plan to be taking much out of it in the short to medium term but I was looking for a tax efficient wrapper for the investment, with a view to either using profits directly from the company e.g. to invest in property or to pay out in cash at a later date.
I was looking for some advice on the options e.g. jurisdictions & agents, whether it would be worth getting a bank account and an idea of the expected cost for something like this.
I hope this is all ok and thanks in advance.
I have some crypto currency holdings which have done well this year this got me thinking about long term planning. With the potential change to capital gains in the UK and the (potential) upside of the investment, coupled with the fact I actively manage/trade them on one/various exchanges I'd rather avoid an annual capital gains charge for moving between assets, or selling it to cash in a downward market.
I don't plan to be taking much out of it in the short to medium term but I was looking for a tax efficient wrapper for the investment, with a view to either using profits directly from the company e.g. to invest in property or to pay out in cash at a later date.
I was looking for some advice on the options e.g. jurisdictions & agents, whether it would be worth getting a bank account and an idea of the expected cost for something like this.
I hope this is all ok and thanks in advance.
