Where can i move to become a crypto trader and pay zero tax ? I will pay it for this year to not get buttfucked but next year i want to move.
Not being a burger, what possibilities i have ?
TAX FREE ZONE
Carter Cook
Charles Brooks
The Bahamas. Get a bank account in Nassau.
Robert Brooks
Singapore.
Colton Harris
Can i just move to another place or do i have to get another passport ?
I do not get it, if i am from EU and move to Fidschi for example , do i have to pay or not ?
Jose Lee
Hong Kong
Landon Anderson
just research asset protection
Jack Green
SALT will make crypto tax obsolete.
You will take loans and put your cryptogains as collateral. Then you simply don't pay the loan and the platform takes your cryptogains. And since its a loan you pay 0% tax. This is also called asset swap, and that is how many billionaires don't pay taxes.
Levi Lopez
SALT is very explicit about requiring investors to over-leverage their loans.
Jason Peterson
Chase Hill
UK
Jeremiah Hill
This is why ADA will be the superior alts you fucking retards.
Tax free withdraws from Cardano ATM's in Japan, and you can fuck off with your pump and dumps because cardano is long hold or nothing, feel the sour loss of trying to day trade on cardano, I dare you. :)
be good kids and just hodl
Adrian Ross
I live in the UK and don't even know the situation desu I remember readinf articles on the bbc awhile ago saying bank accounts were shut down because of money gained from crypto being deposited in the accounts
Zachary Smith
move to the channel islands.
Sark is literally a medieval style fiefdom.
Hunter Allen
I think it might be considered for capital gains tax. Not sure tbqhf.
I opened a new account just for my trading on Local eth and Localbtc and the gbp is flowing in nicely for the past 6 months with loads of transactions, from many people. The Bank or the taxman has never called or got into contact with me.
It looks dodgy as hell, I started with 5k and i'm around 20k within those 6 months. Then once a month I go to the bank and withdrew a bunch in fifties
Hudson Sullivan
Which bank? I think Barclays is the troublesome one
And how are the funds received in GBP? Or Euro and then a SEPA bank transfer, my nationwide account only handles SEPA
Jordan Sanders
NEVER think you can move to a EU country and get away with paying 0% tax on crypto's.
Even if they have relaxed rules and laws on it for now, the EU commission might introduce a law that will spread across EU in a matter of days.
If you plan on moving to get away with taxes, then move far away from the EU.
Jacob Allen
if you buy a house a house in st kitts you get citizenship, must be at least 400,000 USD though so you must have made it already
there is not income tax or capital gains tax there, this is what roger ver did lol
Jordan Murphy
Fuck sake can no one google.
UK has regulations on crypto, it's capital gains (20%).
gov.uk
Cameron Baker
If i understand correctly....
So the same normal rules for any capital gain on a usual foreign currency exchange apply? Which is always 20% anyway?? It doesn't say 20% anywhere there directly i guess it's referencing it
Henry Howard
I heard Belize is good.
Kevin Price
Get a lawyer or accountant who specializes in this stuff?
Evan Ward
Portugal
Brayden Garcia
If you are from the EU... Just drive to Switzerland no ?
Nathan Baker
That's why I said Singapore.
Other mentions in article:
Hong Kong, Mauritius, Malaysia...but yeah some EU countries are mentioned.
Logan Davis
When I first got into crypto the first two things I did was try and cash out and research UK law.
The percent you pay on profits is the amount for capital gains (20%).
Depending on how much you are making, you can withdraw approx £11000 annually without paying tax (I can't remember the full amount off the top of my head) as it falls within your tax free allowance (this is assuming you're not making other money that would fall within this limit e.g. dividends from shares).