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Author Topic: buying Real Estate with BITCOIN  (Read 1111 times)
BCNBULL
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November 04, 2015, 02:55:15 PM
 #1

How would it work if I want to buy with bitcoins, would it be free of taxes?

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November 04, 2015, 02:56:45 PM
 #2

How would it work if I want to buy with bitcoins, would it be free of taxes?

Im not sure you can buy Real State with bitcoin
I think you must sell your bitcoin with fiat an pay with fiat (cash or bank)

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November 04, 2015, 02:59:21 PM
 #3

How would it work if I want to buy with bitcoins, would it be free of taxes?

Im not sure you can buy Real State with bitcoin
I think you must sell your bitcoin with fiat an pay with fiat (cash or bank)



Oh yes, Real STATE u guys, I want to buy some real state too. Where can I get this state that's so much more real than other unreal states. Is it all a state of mind?

What's the state of bitcoin at the moment? Is it real?

/sarcasm off
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November 04, 2015, 03:03:30 PM
 #4

First you would have to find someone who wanted to sell in Bitcoins (which I think is not very easy). Then I guess you'll had to make some lawyer write a special contract in which the bitcoin transaction is specified to keep things legal.

No idea what will happen with taxes.

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November 04, 2015, 03:10:46 PM
 #5

there is some webpages that you can find houses/flats/villas in bitcoin, but i would like to know what would happen with taxes

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November 04, 2015, 03:18:45 PM
 #6

The link is to a thread by the first guy to sell his house for Bitcoin. He explains how he went about it and all the legal formalities. It wasn't actually the house he lives in that he sold, it was a house he inherited from his father. He sold before Bitcoin crashed in price and I hope he's still holding his Bitcoins now it's going back up.

https://bitcointalk.org/index.php?topic=508254.0
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November 04, 2015, 03:22:34 PM
 #7

Taxes in real state stay the same state as the laws regarding them.
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November 04, 2015, 03:25:20 PM
 #8

If you mean real estate, then you've just got to find a person who accepts bitcoin. Some Chinese person was selling his Tesla for example. If people are selling cars for bitcoins then houses should not be far off.

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BCNBULL
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November 04, 2015, 03:29:49 PM
 #9

The link is to a thread by the first guy to sell his house for Bitcoin. He explains how he went about it and all the legal formalities. It wasn't actually the house he lives in that he sold, it was a house he inherited from his father. He sold before Bitcoin crashed in price and I hope he's still holding his Bitcoins now it's going back up.

https://bitcointalk.org/index.php?topic=508254.0
thank you!

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November 04, 2015, 03:32:20 PM
 #10

Have a read of this story about other people who sold their homes for Bitcoin. a website called BitPremier took care of advertising the houses and selling them. There are other websites offering to sell your houses, cars, yachts, etc for Bitcoin. Google for house sale bitcoin.

http://www.wsj.com/articles/lake-tahoe-property-sells-for-1-6-million-in-bitcoins-1407534997

Quote
BitPremier, a website that sells luxury items in exchange for bitcoins has listings for homes, including one in Naples, Fla., for $969,000 (1,643.373 bitcoins) and a 9,845-square-foot house in the Bighorn Golf Club in Palm Desert, Calif., for $7.45 million (12,627.119 bitcoins).
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November 04, 2015, 03:36:04 PM
 #11

Have a read of this story about other people who sold their homes for Bitcoin. a website called BitPremier took care of advertising the houses and selling them. There are other websites offering to sell your houses, cars, yachts, etc for Bit[Suspicious link removed]gle for house sale bitcoin.

[Suspicious link removed]j.com/articles/lake-tahoe-property-sells-for-1-6-million-in-bitcoins-1407534997

Quote
BitPremier, a website that sells luxury items in exchange for bitcoins has listings for homes, including one in Naples, Fla., for $969,000 (1,643.373 bitcoins) and a 9,845-square-foot house in the Bighorn Golf Club in Palm Desert, Calif., for $7.45 million (12,627.119 bitcoins).
i know this, but i would like to know about all the legal things, taxes, etc etc.

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November 05, 2015, 05:01:21 AM
 #12

Kind of a pain to buy a real estate with bitcoin. So many legal issues country specific, that will make it more complicated. Best to just convert to fiat and make the purchase. Would mean the same thing for you, as you essentially would be selling bitcoins otherwise or just paying with it.

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November 05, 2015, 05:11:09 AM
 #13

There are a few sellers, but you can't simply avoid taxes this way.

Real estate is hard to hide. If you suddenly own a house you didn't pay tax for, they will notice.


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November 05, 2015, 05:18:26 AM
 #14

you could always buy a home in Nevada with your business name, or a vacation home outside the us, maybe panama or costa rica.
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November 05, 2015, 05:43:53 AM
 #15

There have been loads of Real Estate offers online for people to pay with Bitcoin, but it is not a good idea to try to avoid paying TAX, if you paid with Bitcoin. The Estate agent still follow the same procedures, and register the deed in the normal way, the only difference would be that no bond will be taken on the property. It is like a cash sale for them.

The payment will be registered and most probably converted to fiat, and that will raise a red flag. There is always a paper trail.  Roll Eyes

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November 05, 2015, 07:47:40 PM
 #16

it depends where you want to buy it...
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November 05, 2015, 08:28:55 PM
 #17

Well you must declare that you had bought or own some new house,buying it with bitcoin or cash you must declare always otherwise they will block your funds and say that you had washed money.
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November 06, 2015, 12:01:09 AM
 #18

In most countries, this is illegal. Properties can only be sold in the currency which is legal tender in the country. You couldn't even exchange an apartment with a Ferrari. Also, a public notary will need to see the transaction. In Europe now, the buyer will pay the notary, then the notary will will give the money to the seller.

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November 06, 2015, 12:14:36 AM
 #19

real estate ?
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November 06, 2015, 12:55:02 AM
 #20

How would it work if I want to buy with bitcoins, would it be free of taxes?
probably depends on country you are buying in and your own
taxes are diffirent everywhere

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