Has anyone in the UK ever cashed out? Any stories?
Has anyone in the UK ever cashed out? Any stories?
Elijah Thomas
Sebastian Brooks
Interested, I too may be(pls) doing this soon. Just wondering should I move the funds to a single account, only cash out a certain amount or just move them to a different country
Ryan Russell
>just move them to a different country
I can tell you're dumb, look up CRS (Common Reporting Standards)
Joshua Allen
You only pay tax to a single country, some of them much more lenient on taxes
Dylan Lewis
>just move them to a different country
What do you even mean by this? Cash out through a foreign bank account?
Gabriel Sanders
kek, you have to live there for a year first. you haven't even spent any time looking into this. keep your opinions to yourself
Isaiah Rivera
There was a lad a while ago who transferred £200k to his current account. The bank froze it and the police searched his house. So don't do that.
David Nelson
Yes, from Coinbase into high street bank personal account. Give your local branch a heads up that large amounts of cash will be deposited so they don’t freeze the account. No probs so far.
Nathan Walker
I have accounts in three countries at the moment. Setting up a bank account in Estonia for example is trivial, I don’t see why I’d have to pay tax to anyone else if I moved my funds there
Jaxson Moore
How did you go about paying tax?
Eli Wilson
FUCK....estonia they are a CRS country dumbass.
wow you have no idea what your doing. Hope you're reporting those accounts, you'd be an arrogant cunt to think they wouldn't find out.
Kevin Taylor
You boys seriously need to start learning about Tax Law and flag theory.
Why do you think every single country has tax loopholes built into them? Rich and intelligent people are not meant to pay taxes. These loopholes exist for them.
Did you ever hear of the Panama papers that revealed thousands of rich and influential people were avoiding billions in tax with simple trusts and loopholes?
The process can be very complicated(particularly if you had the misfortune to be born American), but learning the law is the difference between being a new world order slave and a free man.
nomadcapitalist.com
flagtheory.com
en.wikipedia.org
FUCK KIKES
Daniel Stewart
I am Dutch and scared to cash out. When LINK was $4 I hit a million... Too scared to cash out. And now we are here. Although tax is not even that bad I think... A few percent. Still. Dont feel like paying
Bentley Moore
bump
Ian Stewart
You pay taxes to the country where you live and where you are a citizen. And if you try to avoid paying taxes and get caught, you will be in for a major shitstorm.
Brody Anderson
You should also report your fortune. It's highly criminal to have a hidden foreign fortune.
Landon Butler
I have transferred a few thousand in profit from coinbase wallet to high street current account and nothing happend.
Adam Peterson
Thanks user
Kevin Ward
Any other ukfags concerned about forex risk? If gbp does well post brexit a big chunk of my link value will be whiped out
Austin Gomez
Huge if true
Jacob Roberts
Tyler Powell
This guy had his house raided because he cashed out 500k in UK:
John Peterson
Yeah you have no clue what you are talking about. You might have bank accounts in multiple countries but you have tax residency in one. Do some research before taking any action otherwise you are going to fuck yourself.
Nathan Williams
There was a good discussion on the topic a few days ago
Dominic Baker
This. I don't know how to stop my growing hatred for these kike demons.
Julian Watson
You don’t pay tax.
You establish relationships and trade goods with other crypto people.
This is how the rich do all their business and avoid taxes.
Andrew Ortiz
How do you mean?
Ryder Sanchez
Cashed out £230k total to a single current account with no issues from Coinbase. Cashing out is easy its getting the money back onto exchanges which is the hard part.
Sebastian Brown
Adam Reed
Let's say I have 10k link. In gbp at the moment that's worth roughly (9.6/1.3)*10000=£73k. If next week link price stays the same but gbp strengthens against the dollar to say 1.35 I'll only have (9.6/1.35)*10000=£71k. Longer term if gbp sees 20%+ gain against the dollar post brexit I'd be fucked
Jack Allen
yeah but you gotta set all that up BEFORE you make the gains not after lol
Brandon Jackson
Use fx for the same reasons as companies, hedge out your fx exposure.
Link is a scam btw newfag
Lincoln Sanders
How did you pay tax?
Jordan Price
Fuck hedging £70k worth of gbp though
Bought Nov '17 so fuck off