Buying land/real state with Bitcoin

[jak3]

its their own choice to start investment on a better scope commodity or product but buying lands and real estates is actully out of the mark because nobody would accept such great amount in bitcoin and secondly everyone want to make valid paperwork for this type of property

[1715128150]

1715128150

[1715128150]

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[1715128150]

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[South Park]

It is often argued how bitcoin cannot be taxed because it would be an insane task for the IRS to trace back every single transaction accurately to the people that own those bitcoins. It's just imply not possible, and in the future as Confidential Transactions, Schnorr Signatures, Mimblewimble etc get activated thanks to segwit (once we defeat the government-paid anti-segwit trolls) it will be pretty much a waste of time.

But implying that you are excempt of tax just because of that is in my book delusional. If you want to buy land with bitcoin, you cannot escape taxes, not even a car.

My question is, how would you go about it? I have a very modest amount of BTC so I wish I had those problems, but im just wondering, if you had enough BTC to buy a nice penthouse, how would you go about it? I don't see any other way out but to calculate how much the penthouse costs + taxes and cash out the BTC in some exchange (since localbitcoins is not going to have enough volume to do that, and even if you did it throught localbitcoins, it would need to be in real life in exchange of cash, and you't but real state with cash, maybe you can get away with a car, but not real state or land, and physical cash will not even exist in the future.

Anyway, my point is, you can't escape the government when it comes to important purchases.

You could avoid buying a house in the first place and just rent a nice place, but if you really want to buy a house then you will only need the owner to accept payment directly in bitcoin, you could prove you have the amount to buy the house signing a message with an address with the right amount and then give your private key of that wallet, it is risky but that could be a way.

[manselr]

Governments can and WILL tax all non moving assets such as land and real state. They will always be able to do so as long as the government is in power. People here implying they could be able to stop it are delusional, you can't avoid it.

Sure, some guy that has ties in royal families and is worth 9 billion is basically a god, those guys make and get rid of laws, but rest of us, the 99.99%, cannot avoid taxes on land and real state, it's just not realistic.

[machinek20]

I think there is no chance to escape from tax if bought that expensive and valuable asset, the government will question you, it is impossible to evade tax if you bought a house, it is better to pay income tax rather than there will be a big problem in the future

[warwar]

I think there is no chance to escape from tax if bought that expensive and valuable asset, the government will question you, it is impossible to evade tax if you bought a house, it is better to pay income tax rather than there will be a big problem in the future

Agree ! If you bought land/house or any that has a bigger value then you will know that the government will tax it and make you pay from it well all of the things has tax so how much more if that big amount and value. And also it is very impossible to evade twx we all know that so in the end you'll paying it .

[thejaytiesto]

I have a very modest amount of BTC

Hi, here is for You:
32,0 m2
2500,00 € + 20% VAT
Kohtla Jarve (Estonia)
http://www.prima.ee/ru/realty/type/apartment/4105/

39,4 m2
4000,00 € + 20% VAT
google.com/maps/
http://www.prima.ee/ru/realty/type/apartment/4184/

Wow the 4000 euro one looks really nice. It includes all the furniture? Looks small but a really comfortable place to live. Then again, as the other poster pointed out... where is the trick? There must be one. Really convective neighborhood? Is that place in the middle of nowhere? really low building? Low possibilities to rent it? (people don't want to live there for some reason?)

I don't know anything about Estonia so im not going to risk buying real state in a country I know nothing about. It might be a very unstable country for all I know. Are they at the verge of some war? shaky geopolitical situation?... so many variables to consider.

[Sex Video Chat VKcams.com]

where is the trick?

There is no trick.
https://www.youtube.com/watch?v=SRcfwP-UmHM

Just check other prices around.
The most problem there is a low pay for the Job, the local language is not easy to learn, one need to talk Russian too.
But who have the online job, this place is OK enough.

This is not a ghetto, all people are "Europeans".

31 м²
1 850 €  + 20% VAT
Kohtla-Järve, Ida-Virumaa
http://www.okidoki.ee/ru/item/5870444/

1 600 €
http://www.okidoki.ee/ru/item/5660281/

39 м²
2 500 €  + 20% VAT
Kohtla-Järve, Ida-Virumaa
http://www.okidoki.ee/ru/item/5864541/


3 000 € + 20% VAT
Kohtla-Järve, Ida-Virumaa
http://www.okidoki.ee/ru/item/5274245/

68 м²
9 500 € + 20% VAT
http://www.okidoki.ee/ru/item/5854347/

[Carlton Banks]

Ladies and Gentlemen, there is a lack of imagination on display when it comes to this issue



Each and every one of you has described what the problems with avoiding property taxes are under the present circumstances.


But each and every one of you were drawn into the world or Bitcoin precisely because it changed the status quo. What makes you think that we couldn't change other circumstances too?

I put it to you all that we could, given diligent innovation and some patience. I have no problems paying into a scheme for the common good. I do have a problem with being forced to do so under threat of violence. Only a tiny percentage of a population, 5-10%, all acting together, is needed to change any status quo, history abounds with examples.



We could do it, after all, we're proving already that enough people acting together can make things change.

[Carlton Banks]

Wow, I'm disappointed. What happened to the Bitcoin spirit?

But no matter, I think the will to change the world is still out there. That's what optimism is all about: the defeatists in this thread cannot defeat it

[KennyR]

As OP mentioned, on important purchases similar to land or property during documentation problem arises. Right now finding users who prefer bitcoin for buying and selling the property or lands. Even in such situation transaction between buyer and seller can be made in terms of bitcoin and a small amount can be exchanged as fiat. This helps in the reduction of the taxes. One or the other way it benefits us.

[Ryan Dugan]

You can already but houses and cars and many other thinbvs with bitcoin. Noone asks where they coming from it has nothing to do with them and is none of their business. When you go buy a car or video game or even groceries does someone demand where tour money comes from ? No !! Same with bitcoin! If you stupid enough to cash out your bitcoin to fiat or do anything else where you forced to pay tax then you a bad businessman and probably wouldn't have thst much bitcoin to begin with. There so many ways to legally go around paying taxes.

[grandy]

I think there is no chance to escape from tax if bought that expensive and valuable asset, the government will question you, it is impossible to evade tax if you bought a house, it is better to pay income tax rather than there will be a big problem in the future

actually most of the states still not accept bitcoin officially therefor it is not so easy to buy a house using bitcoin, you must change your bitcoin into fiat currency and after that you can buy a house, because you have to pay tax and government is not collecting tax in bitcoin.

[bncbnc]

I think there is no chance to escape from tax if bought that expensive and valuable asset, the government will question you, it is impossible to evade tax if you bought a house, it is better to pay income tax rather than there will be a big problem in the future

Agree ! If you bought land/house or any that has a bigger value then you will know that the government will tax it and make you pay from it well all of the things has tax so how much more if that big amount and value. And also it is very impossible to evade twx we all know that so in the end you'll paying it .

and bitcoin is a tax free currency because there is still no tax on bitcoin because we have pay tax on recognized  items and bitcoin is still not a legal currency therefore there is no tax on bitcoin and therefore it is difficult to buy house or real state on using bitcoin directly.

[franky1]

I think there is no chance to escape from tax if bought that expensive and valuable asset, the government will question you, it is impossible to evade tax if you bought a house, it is better to pay income tax rather than there will be a big problem in the future

Agree ! If you bought land/house or any that has a bigger value then you will know that the government will tax it and make you pay from it well all of the things has tax so how much more if that big amount and value. And also it is very impossible to evade twx we all know that so in the end you'll paying it .

and bitcoin is a tax free currency because there is still no tax on bitcoin because we have pay tax on recognized  items and bitcoin is still not a legal currency therefore there is no tax on bitcoin and therefore it is difficult to buy house or real state on using bitcoin directly.

again guys. although you can escape some taxes by using bitcoin. things like houses and cars that need to be registered cant be avoided simply by using bitcoin.

however by not having the house/car registered in your name. they cannot come after you.
this is why the rich use financial trusts and foundations.
the clintons have never paid tax in their lives for the funds held in the clinton foundation. even with the foundation literally called the clinton foundation they are legally not the owners of the assets of the foundation. they are just administrators taking a management fee..

[deisik]

It is often argued how bitcoin cannot be taxed because it would be an insane task for the IRS to trace back every single transaction accurately to the people that own those bitcoins. It's just imply not possible, and in the future as Confidential Transactions, Schnorr Signatures, Mimblewimble etc get activated thanks to segwit (once we defeat the government-paid anti-segwit trolls) it will be pretty much a waste of time.

But implying that you are excempt of tax just because of that is in my book delusional. If you want to buy land with bitcoin, you cannot escape taxes, not even a car.

My question is, how would you go about it? I have a very modest amount of BTC so I wish I had those problems, but im just wondering, if you had enough BTC to buy a nice penthouse, how would you go about it? I don't see any other way out but to calculate how much the penthouse costs + taxes and cash out the BTC in some exchange (since localbitcoins is not going to have enough volume to do that, and even if you did it throught localbitcoins, it would need to be in real life in exchange of cash, and you't but real state with cash, maybe you can get away with a car, but not real state or land, and physical cash will not even exist in the future.

Anyway, my point is, you can't escape the government when it comes to important purchases.

You should stay low, go fast, kill first and die last

Why would you want to buy a penthouse with your bitcoins in the first place? Well, that may be your child dream and things like that, but really, if you have thousands, many thousands of bitcoins, you should remain sane and start small. I mean you shouldn't go right after the penthouse, you should first test waters with something small and not as expensive. The point is that once you get the hang of the smaller things (in this case cashing out without attracting too much attention from preying eyes), you can jump to the next level. Otherwise, you'll be quickly caught and stripped off of all your wealth ("from zero to hero and back again")

[countryfree]

I have a very modest amount of BTC

Hi, here is for You:
32,0 m2
2500,00 € + 20% VAT
Kohtla Jarve (Estonia)
http://www.prima.ee/ru/realty/type/apartment/4105/

39,4 m2
4000,00 € + 20% VAT
google.com/maps/
http://www.prima.ee/ru/realty/type/apartment/4184/

Wow the 4000 euro one looks really nice. It includes all the furniture? Looks small but a really comfortable place to live. Then again, as the other poster pointed out... where is the trick? There must be one. Really convective neighborhood? Is that place in the middle of nowhere? really low building? Low possibilities to rent it? (people don't want to live there for some reason?)

I don't know anything about Estonia so im not going to risk buying real state in a country I know nothing about. It might be a very unstable country for all I know. Are they at the verge of some war? shaky geopolitical situation?... so many variables to consider.

I confirm there's no trick. Actually, I don't find that dirt cheap.
This is a very cold place, and close to Russia. Very few people want to live there.

Estonia is a stable country with nice people (and beautiful women), but the only city a foreigner may consider is Tallinn.

[countryfree]

I think there is no chance to escape from tax if bought that expensive and valuable asset, the government will question you, it is impossible to evade tax if you bought a house, it is better to pay income tax rather than there will be a big problem in the future

Agree ! If you bought land/house or any that has a bigger value then you will know that the government will tax it and make you pay from it well all of the things has tax so how much more if that big amount and value. And also it is very impossible to evade twx we all know that so in the end you'll paying it .

and bitcoin is a tax free currency because there is still no tax on bitcoin because we have pay tax on recognized  items and bitcoin is still not a legal currency therefore there is no tax on bitcoin and therefore it is difficult to buy house or real state on using bitcoin directly.

again guys. although you can escape some taxes by using bitcoin. things like houses and cars that need to be registered cant be avoided simply by using bitcoin.

however by not having the house/car registered in your name. they cannot come after you.
this is why the rich use financial trusts and foundations.
the clintons have never paid tax in their lives for the funds held in the clinton foundation. even with the foundation literally called the clinton foundation they are legally not the owners of the assets of the foundation. they are just administrators taking a management fee..

Actually, using a trust or a foundation doesn't change much things when it comes to tax. Property tax, road tax and registration tax must be paid no matter the owner is an individual or a company. In Europe, it is sometimes worse with a company. If you have a second home, only living there a few weeks per year, that's all right as an individual, but there might extra tax if the owner's a business.

[Ilikechineseefood]

Its most likely possible but I do not know anyone that is doing this right now, it would be nice to do this!

[Zigsss]

Would be very good to let this happen and it is already done in some cases but it should be done more because the bitcoin is more upcoming and rising on worth too.

[juras54]

if Bitcoin is an anonymous any taxes on anyone? who appear on that money? sell small pieces and remove on silent, that's the case, it seems to me