I have just under 500k in UK pounds in crypto's, mostly bitcoin and I also have lots of BCH since I kept them in the same address but they're a meme so w/e.
I want to cash out and buy property in the UK, maybe 3 flats and rent them out and retire, how can I cash out without paying captial gains tax? I am thinking about saying I won them gambling, I will withdraw 5k from my bank account then sit for a while then withdraw the 500k from exchanges to my bank and claim to the HMRC that I won them gambling on anonymous bitcoin casinos, maybe doctor up a few fake transactions or something, will I pass the money laundering checks to buy property? chinks seem to buy property all over the UK with commie money but what about me?
Jace Morris
Has 500k and can't consult with cool lawyer. Pay 500 pounds and he will tell you what to do. Simple. Give him 2k, but don't forget you can save like 10-20%, so 2k looks like just and expensive burger
Adrian Cook
Holy shit user cash out your BCH right now while it's at ATH.
Joseph Walker
Partner up with someone (me) and I'll unironically cash out half in my name so as to lighten the load on your taxes
I'm not joking either lad, I'd genuinely do this for like 2 bitcoin
Evan Diaz
i don't want to pay taxes user.
Justin Hall
I am in a similar situation with less money invested, you can get up to 11300£ on capital gains without paying any tax, everything else will be 20%. Another option is to move to another country with no capital gain tax and live there for a while which I am thinking very seriously.
Noah Reyes
idk what to do user, do you think my gambling explanation will work? I researched user bitcoin casinos where you don't even get an account so no history etc.
Xavier Carter
Wouldn't you have to pay even more taxes if you say you won the money gambling because your cost basis would be 0?
Caleb Flores
Gambling pays taxes as far as know.
Aiden Green
Talk to an accountant mate, seriously, don't fuck this up.
