So, if we have 33% CGT and crypto-to-crypto is a taxable event, do I pretty much lose everything if I swing or take short term gains and diversify into shitcoins?
It seems like things are pretty vague and not fully explained, I doubt even any consultant you hire would fully understand it with how little info is available, the gov just want to take peoples' money.
So, if we have 33% CGT and crypto-to-crypto is a taxable event...
Blake Rodriguez
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Jose Sullivan
crypto to crypto isn't taxable in Ireland
Blake Lopez
why is our tax dollars going to fattass like u sitting at home shitposting on Zig Forums? Get a fucking real job.
Nolan Moore
It says if you make a profit from "disposal" (which includes EXCHANGING and gifting) you get taxed. I assume crypto-to-crypto falls under exchanging.
Robert Gomez
source?
Justin White
Any disposal is taxable.
John King
It falls under the same CGT bs as stocks, so exchanging it for another asset is a taxable event. You'd have to dig up the entire revenue document on CGT.
Gavin Miller
revenue.ie
Here it explicitly says you pay CGT if you've exchanged or gifted an asset, and cryptos are assets.
Robert Jackson
First of all crypto gains are subject to income tax (40%+), move to Portugal for the love of God and don't look back
Isaac Walker
Only the PROFITS on crypto-to-crypto are taxable. In 99% of cases you will exchange X dollars of crypto A for X dollars of crypto B beaming you didn't profit at all.