Bitcoin Forum

Hi guys,

Need help with the following scenario:

I have two miners hosted that I have bought personally with my money.
I have paid for the miners and the hosting in bitcoins.
I have an account with bitstamp so I can transfer the money to any SEPA account.
I have a UK startup company.

My question is the following:
Can I transfer the bitcoins using bitstamp to the UK company?
How would I declare this income for the company in order for it to be legit?
Do I have to show some proof I own the miners or that I have paid for the hosting?

I would advise to find a qualified lawyer in the field of information technology, rather than seek an answer on the forum

I am a lawyer in London.

If you require any legal advice please email info(at)selachii.co.uk or call +44 (0) 20 7792 5649.

www.bitcoinsolicitor.com

That is money's worth includes vouchers, goods, etc. - effectively anything that has value - and so Bitcoins seem to quite easily fall in that category.

If the purpose is simply to give the company bitcoins, I would think it could be recorded as a gift.

If you are talking about transferring the mining operation to the company, then some sort of start-up loan seems more appropriate (enabling the company to buy the assets).

This seems very logical.