Thanks for this.
I am not discussing CGT
I am discussing CGT on unrealised gains.
This is what happened to Roger Ver.
He paid all his taxes correctly and left the US.
However, he left holding undeclared Bitcoin, which even at that time had made an unrealised profit.
He is being held in Spain for not declaring his Bitcoin and not paying CGT on his "unrealised gains" as of 2014.
He is not liable, however, for the gains that BTC has made since 2014.
While the UK is a different regime, the same applies here.
The only difference with BTC is you can take it in your head or on a piece of paper. You cannot take a second home with you.
mike
npub1aq…c237n
2024-10-18 10:41:52
in reply to nevent1q…qfug
Author Public Key
npub1aqakd28d95muqlg6h6nwrvqq5925n354prayckr424k49vzjds4s0c237nPublished at
2024-10-18 10:41:52Event JSON
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"content": "Thanks for this.\n\nI am not discussing CGT \n\nI am discussing CGT on unrealised gains.\n\nThis is what happened to Roger Ver. \n\nHe paid all his taxes correctly and left the US.\n\nHowever, he left holding undeclared Bitcoin, which even at that time had made an unrealised profit.\n\nHe is being held in Spain for not declaring his Bitcoin and not paying CGT on his \"unrealised gains\" as of 2014. \n\nHe is not liable, however, for the gains that BTC has made since 2014.\n\nWhile the UK is a different regime, the same applies here. \n\nThe only difference with BTC is you can take it in your head or on a piece of paper. You cannot take a second home with you.\n",
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