Bitcoin Forum
August 16, 2024, 12:03:40 AM
Welcome,
Guest
. Please
login
or
register
.
News
: Latest Bitcoin Core release:
27.1
[
Torrent
]
Home
Help
Search
Login
Register
More
Bitcoin Forum
>
Other
>
Off-topic
>
Capital Gain Tax on Crypo
Pages: [
1
]
« previous topic
next topic »
Print
Author
Topic: Capital Gain Tax on Crypo (Read 46 times)
p_xpto
(OP)
Newbie
Offline
Activity: 2
Merit: 0
Capital Gain Tax on Crypo
November 24, 2023, 07:07:54 PM
#1
Hi All,
I read through multiple sources of information and it is mentioned we need to pay tax when you sell or trade crypto.
I believe that does not apply for when e.g. you buy BTC (or other) from USDT after buying this last with fiat?
Thanks in advance
boyptc
Hero Member
Offline
Activity: 3094
Merit: 681
Re: Capital Gain Tax on Crypo
November 24, 2023, 10:31:56 PM
#2
Where do you live?
Of course buying it won't have significant gains on you and that's why it's not yet taxed. But when the time comes and you're about to sell, there's the gain that you have to declare.
I'm also confused on this. But what if you have sold and you're in losses? Are you still going to provide some tax on it based on how much you've bought it since you're at loss?
Much better to consult an accountant on your area.
Suzume
Member
Offline
Activity: 364
Merit: 26
Be Happy ☺️
Re: Capital Gain Tax on Crypo
November 25, 2023, 05:57:02 AM
#3
I belong from Bangladesh and everyone aware with that cryptocurrency is illegal profession in our country. Those who are connected with it everone doing it secretly. That's the reason some time it's cost high to withdraw the earning and investment safely. They do besides business and other work show their income source. It's risky to do crypto in our country but it's has a bright future that's the reason we all are connected with it by taking risk.
*Image Removed*
.
CRYPTOMUS
p_xpto
(OP)
Newbie
Offline
Activity: 2
Merit: 0
Re: Capital Gain Tax on Crypo
November 26, 2023, 08:58:02 PM
#4
I live in UK currently.
As I understand you can deduct your losses on crypto which should account for tax-free limit. Check koinly and blockpit, links below.
https://koinly.io/guides/hmrc-cryptocurrency-tax-guide/
https://blockpit.io/en/tax-guides/crypto-tax-uk-hmrc/
boyptc
Hero Member
Offline
Activity: 3094
Merit: 681
Re: Capital Gain Tax on Crypo
November 26, 2023, 11:01:41 PM
#5
Quote from: p_xpto on November 26, 2023, 08:58:02 PM
I live in UK currently.
As I understand you can deduct your losses on crypto which should account for tax-free limit. Check koinly and blockpit, links below.
https://koinly.io/guides/hmrc-cryptocurrency-tax-guide/
https://blockpit.io/en/tax-guides/crypto-tax-uk-hmrc/
Not from there so I am not familiar with those taxation laws that the country is implementing. If these articles are telling the same thing, then that's all you have to do for you to obey.
Good for you that you're trying to educate yourself on doing this, while some are trying to avoid it.
PrivacyG
Hero Member
Offline
Activity: 882
Merit: 1872
Crypto Swap Exchange
Re: Capital Gain Tax on Crypo
November 26, 2023, 11:04:17 PM
#6
Quote from: Suzume on November 25, 2023, 05:57:02 AM
I belong from Bangladesh and everyone aware with that cryptocurrency is illegal profession in our country. Those who are connected with it everone doing it secretly.
Please make sure you are using Tor then. I presume you do not want your country to find Internet logs of your identity talking about avoiding your Law.
█▀▀▀
█
█
█
█
█
█
█
█
█
█
█
█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
████
█
█████████
▄
███
██
███████
▄███
██
▐███
████
▄█████▀
███
████
██
▄████▀
███
▐████▄███▀
████
▐██████▀
█████
▀█████
█████
██████▄
████
████████▄
██
▄█████▀█████▄
▄██████
███
▀█████▀
█
█████
██████
▀██▀
██
██▀
█████████
▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c
.
h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█
█
█
█
█
█
█
█
█
█
█
█
▄▄▄█
▄█
█████▄▄▄
██
███████████▄▄
██
████
█████████
██
████
██
███████
██
████
██
███████
██
███████
██████
██
█░░████
█████
██
█▌▐████
█████
██
███████
████
██
█████████▀
██
████████▀
██
██████▀
░
▀
▀██▀▀
✔
Instant
✔
Non KYC
Crypto Swap Exchange
.
.
.
.
.
........
Bitcoin | Litecoin | Ethereum | Monero | Dash | ERC20 Tokens | more soon
........
.
.
.
.
.
▄███████████████████▄
███████
██
█
██
█████████
██▀▀▀▀▀
██
▀
██
▀▀███████
███
█████████████
▀████
█████
████
███▄
████
████
█████
████
███▀
████
████
█████
███████████
▀████
█████
████
████▄
████
███
█████
████
████▀
████
███
███
█████████████
▄████
ANN
THREAD
▄██████████████████▄
███████████▀▄▀██████
██████████▀
█
▄███████
████████▀▌
█
▄████████
████████▌▄
█
█████████
███████▀▄█
██
▀███████
████▀▄▄█
█
██
███
▀█████
███▀▄█▀▄██
█
█
████
████
███
█
█
█
█▀▄█▌▐
████
▐███
███
█
▌▐
█
█▀▌▐
█████
▐███
ONION
LINK
Pages: [
1
]
Print
Bitcoin Forum
>
Other
>
Off-topic
>
Capital Gain Tax on Crypo
« previous topic
next topic »
Jump to:
Please select a destination:
-----------------------------
Bitcoin
-----------------------------
=> Bitcoin Discussion
===> Legal
===> Press
===> Meetups
===> Important Announcements
=> Development & Technical Discussion
===> Wallet software
=====> Electrum
=====> Bitcoin Wallet for Android
=====> BitcoinJ
=====> Armory
=====> Mycelium
=====> Hardware wallets
=> Mining
===> Mining support
===> Pools
===> Mining software (miners)
===> Hardware
=====> Group buys
===> Mining speculation
=> Bitcoin Technical Support
=> Project Development
-----------------------------
Economy
-----------------------------
=> Economics
===> Speculation
=> Marketplace
===> Goods
=====> Computer hardware
=====> Digital goods
=======> Invites & Accounts
=====> Collectibles
===> Services
===> Currency exchange
===> Gambling
=====> Games and rounds
=====> Investor-based games
=====> Gambling discussion
===> Lending
=====> Long-term offers
===> Securities
===> Auctions
===> Service Announcements
=====> Micro Earnings
===> Service Discussion
=====> Web Wallets
=====> Exchanges
=> Trading Discussion
===> Scam Accusations
===> Reputation
-----------------------------
Other
-----------------------------
=> Meta
===> New forum software
===> Bitcoin Wiki
=> Politics & Society
=> Beginners & Help
=> Off-topic
=> Serious discussion
===> Ivory Tower
=> Archival
===> Корзина
===> CPU/GPU Bitcoin mining hardware
===> Chinese students
===> Obsolete (buying)
===> Obsolete (selling)
===> MultiBit
-----------------------------
Alternate cryptocurrencies
-----------------------------
=> Altcoin Discussion
=> Announcements (Altcoins)
===> Tokens (Altcoins)
=> Mining (Altcoins)
===> Pools (Altcoins)
=> Marketplace (Altcoins)
===> Service Announcements (Altcoins)
===> Service Discussion (Altcoins)
===> Bounties (Altcoins)
=> Speculation (Altcoins)
-----------------------------
Local
-----------------------------
=> العربية (Arabic)
===> العملات البديلة (Altcoins)
=====> النقاشات
===> إستفسارات و أسئلة المبتدئين
===> التعدين
===> النقاشات الأخرى
===> منصات التبادل
=> Bahasa Indonesia (Indonesian)
===> Marketplace (Bahasa Indonesia)
===> Mining (Bahasa Indonesia)
===> Altcoins (Bahasa Indonesia)
===> Trading dan Spekulasi
===> Ekonomi, Politik, dan Budaya
===> Topik Lainnya
=> Español (Spanish)
===> Mercado y Economía
=====> Servicios
=====> Trading y especulación
===> Hardware y Minería
===> Esquina Libre
===> Mercadillo
=====> Mexico
=====> Argentina
=====> España
=====> Centroamerica y Caribe
===> Primeros pasos y ayuda
===> Altcoins (criptomonedas alternativas)
=====> Minería de altcoins
=====> Servicios
=====> Tokens (Español)
=> 中文 (Chinese)
===> 跳蚤市场
===> 山寨币
===> 媒体
===> 挖矿
===> 离题万里
=> Hrvatski (Croatian)
===> Trgovina
===> Altcoins (Hrvatski)
=====> Announcements (Hrvatski)
===> Off-topic (Hrvatski)
=> Deutsch (German)
===> Anfänger und Hilfe
===> Mining (Deutsch)
===> Trading und Spekulation
===> Projektentwicklung
===> Off-Topic (Deutsch)
===> Treffen
===> Presse
===> Altcoins (Deutsch)
=====> Announcements (Deutsch)
===> Marktplatz
=====> Auktionen
=====> Suche
=====> Biete
=> Ελληνικά (Greek)
===> Αγορά
===> Mining Discussion (Ελληνικά)
===> Altcoins (Ελληνικά)
=====> Altcoin Announcements (Ελληνικά)
=====> Altcoin Mining (Ελληνικά)
=> עברית (Hebrew)
=> Français
===> Actualité et News
===> Débutants
===> Discussions générales et utilisation du Bitcoin
===> Mining et Hardware
===> Économie et spéculation
===> Place de marché
=====> Échanges
=====> Produits et services
=====> Petites annonces
===> Le Bitcoin et la loi
===> Wiki, documentation et traduction
===> Développement et technique
===> Vos sites et projets
===> Hors-sujet
===> Altcoins (Français)
=====> Annonces
=> India
===> Mining (India)
===> Marketplace (India)
===> Regional Languages (India)
===> Press & News from India
===> Alt Coins (India)
===> Buyer/ Seller Reputations (India)
===> Off-Topic (India)
=> Italiano (Italian)
===> Guide (Italiano)
===> Progetti
===> Discussioni avanzate e sviluppo
===> Trading, analisi e speculazione
===> Mercato
=====> Mercato valute
=====> Beni
=====> Servizi
=====> Esercizi commerciali
=====> Hardware/Mining (Italiano)
=====> Gambling (Italiano)
===> Accuse scam/truffe
===> Mining (Italiano)
===> Alt-Currencies (Italiano)
=====> Annunci
===> Raduni/Meeting (Italiano)
===> Crittografia e decentralizzazione
===> Off-Topic (Italiano)
=> 日本語 (Japanese)
===> アルトコイン
=> Nederlands (Dutch)
===> Markt
===> Gokken/lotterijen
===> Mining (Nederlands)
===> Beurzen
===> Alt Coins (Nederlands)
===> Off-topic (Nederlands)
===> Meetings (Nederlands)
=> Nigeria (Naija)
===> Politics and society (Naija)
===> Off-topic (Naija)
=> 한국어 (Korean)
===> 대체코인 Alt Coins (한국어)
=> Pilipinas
===> Altcoins (Pilipinas)
=====> Altcoin Announcements (Pilipinas)
===> Pamilihan
===> Others (Pilipinas)
=> Polski
===> Tablica ogłoszeń
===> Alternatywne kryptowaluty
=====> Nowe kryptowaluty i tokeny
=====> Tablica ogłoszeń (altcoiny)
=> Português (Portuguese)
===> Primeiros Passos (Iniciantes)
===> Economia & Mercado
===> Mineração em Geral
===> Desenvolvimento & Discussões Técnicas
===> Criptomoedas Alternativas
===> Brasil
===> Portugal
=> Русский (Russian)
===> Новички
===> Бизнес
=====> Барахолка
=====> Обменники
===> Идеи
===> Кодеры
===> Майнеры
===> Политика
===> Трейдеры
===> Альтернативные криптовалюты
=====> Токены
=====> Бayнти и aиpдpoпы
===> Хайпы
===> Работа
===> Разное
===> Oбcyждeниe Bitcoin
=====> Новости
=====> Юристы
=> Română (Romanian)
===> Anunturi importante
===> Offtopic
===> Market
=====> Discutii Servicii
===> Minerit
===> Tutoriale
===> Bine ai venit!
===> Presa
===> Altcoins (Monede Alternative)
=====> Anunturi Monede Alternative
=> Skandinavisk
=> Türkçe (Turkish)
===> Bitcoin Haberleri
===> Pazar Alanı
===> Madencilik
===> Ekonomi
===> Servisler
=====> Fonlar
===> Proje Geliştirme
===> Alternatif Kripto-Paralar
=====> Madencilik (Alternatif Kripto-Paralar)
=====> Duyurular (Alternatif Kripto-Paralar)
===> Konu Dışı
===> Yeni Başlayanlar & Yardım
===> Buluşmalar
=> Other languages/locations
Loading...