Only if you sell it for fiat! đ¤
Discussion
Try buying an apartment with Bitcoin in one of those heavily taxed places and see how it goes.
I don't think you'll avoid the tax so easily.
You know... "PROOF OF ORIGIN OF FUNDS", that kind of crap đ
I havenât had to deal with anything like this yet but I do know someone who got a bitcoin collateralized loan for a down payment on their house. Iâm also willing to leave the country if it ever feels like a necessity.
Not necessarily, some countries currently tabling legislation to tax unrealised gains.
Yeah thatâs messed up for sure but I wonder how they can possibly enforce that
Current legislation is directed towards Superannuation funds here (equivalent to 401k in the US) that have to be audited every 12mths so that is how they know the supposed value annually and they enforce it at the point of a gun or more accurately, with the threat of big fines and/or jail time.