Yep.
To leave the UK tax system, I currently have to pay 20% capital gains tax on unrealised assets.
i.e. I have to sell 20% of my Bitcoin, to pay the CGT I would have paid if I'd sold 100% of my BTC.
It looks like this is going up to 39%
FFS
Discussion
I was under the impression that if you become tax resident in a non UK jurisdiction, there's no tax like thos. Am I incorrect?
This is an exit tax, once paid I then pay tax in the new jurisdiction and no longer have any obligations to the old jurisdiction.
The problem is, I've never sold any Bitcoin, so while I have on paper, made huge gains, I've never realised those gains.
If I wish to leave the UK tax system, I have to pay 20%, soon 39% tax on those unrealised gains.