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Title: in germany bitcoin gains are not to be taxed after 12 months !! Post by: 600watt on June 27, 2013, 08:11:20 AM sorry for all this german crab here, but this is stunning:
http://www.welt.de/finanzen/geldanlage/article117493178/Bitcoin-Geschaefte-sind-nach-einem-Jahr-steuerfrei.html german government decided that no taxes have to be paid on gains of bitcoin prize rising (speculation) if the bitcoins are held for a 12 months period. that is much softer as on stockmarket gains! the german government gives bitcoin speculators an edge over traditional stockmarket speculators. edit: the article says: speculative stock, bond or certificate gains are taxed 25 %. bitcoin ZERO %. :o Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: Crypt_Current on June 27, 2013, 08:14:14 AM +1 awesome find
Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: notme on June 27, 2013, 08:16:09 AM This feels big.
Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: meh32123 on June 27, 2013, 08:17:34 AM Why sould tax be payed anyways, its not like the governments deserve it...
Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: notme on June 27, 2013, 08:18:37 AM Why sould tax be payed anyways, its not like the governments deserve it... Because if you don't pay the thugs they will fuck up your day. Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: meh32123 on June 27, 2013, 08:19:57 AM Owh yeah because of the great system based of violence...
Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: notme on June 27, 2013, 08:21:52 AM Owh yeah because of the great system based of violence... Yes. Ignoring it doesn't stop it from hurting you or especially the ones you love. Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: prophetx on June 27, 2013, 07:02:01 PM I wonder if this would spread to other eu countries?
I am considering moving to either berlin or barcelona my last semester to finish my thesis and then continue work on start ups... this is huge Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: Malawi on June 28, 2013, 01:35:17 AM Interesting. ;D
This rule might spread trough Europe as countries are wondering what to do with BTC and look to Germany since they have a rule in place. Still, I'm wondering how one is to define that period. If a German sends off But what if the same German puts in the same amount at MtGox, but trades a bit and ends up with 150BTC after a year. Can he then sell those 150BTC without tax, or 125BTC, or whatever amount that has always stayed in BTC (say 50BTC) -Or will he have to withtdraw them and keep them in cold storage for a year? I am wondering as I would not be surprised if the rules become the same where I live. BTW: The flip side is that no tax on surplus, means that you cannot deduct losses either. ;) Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: prophetx on June 28, 2013, 08:14:44 AM Interesting. ;D This rule might spread trough Europe as countries are wondering what to do with BTC and look to Germany since they have a rule in place. Still, I'm wondering how one is to define that period. If a German sends off But what if the same German puts in the same amount at MtGox, but trades a bit and ends up with 150BTC after a year. Can he then sell those 150BTC without tax, or 125BTC, or whatever amount that has always stayed in BTC (say 50BTC) -Or will he have to withtdraw them and keep them in cold storage for a year? I am wondering as I would not be surprised if the rules become the same where I live. BTW: The flip side is that no tax on surplus, means that you cannot deduct losses either. ;) U probably need to show 365 days at the same address in the blockchain... but hey u can always buy some call/put options on certain exchanges ;) Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: bitcats on June 28, 2013, 08:32:06 AM sorry for all this german crab here, but this is stunning: No problem! Sorry for all this English crab here ;)Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: bernard75 on June 30, 2013, 08:07:57 AM sounds delicious :)
Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: bernard75 on June 30, 2013, 08:18:29 AM Still, I'm wondering how one is to define that period. If a German sends off But what if the same German puts in the same amount at MtGox, but trades a bit and ends up with 150BTC after a year. Can he then sell those 150BTC without tax, or 125BTC, or whatever amount that has always stayed in BTC (say 50BTC) -Or will he have to withtdraw them and keep them in cold storage for a year? I am wondering as I would not be surprised if the rules become the same where I live. BTW: The flip side is that no tax on surplus, means that you cannot deduct losses either. ;) The tax exempt doesnt apply to day traders or even if you exchanged them once during the period. Its another thing how the friendly tax collector can prove you traded. ;) Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: MarpleTrading on June 30, 2013, 09:31:10 AM Interesting. ;D This rule might spread trough Europe as countries are wondering what to do with BTC and look to Germany since they have a rule in place. In Holland our Minister of Finance just answered questions in Parliament stating that they see BTC more as a service than as a financial asset, hence it is not treated as an investment. Title: Re: in germany bitcoin gains are not to be taxed after 12 months !! Post by: mr_random on June 30, 2013, 12:20:26 PM Is there a similar situation in the UK? Please let it be so.
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