I am not tax advisor, but imo staking crypto is like keeping chickens for egg laying. If the chicken lays an egg, that is not a tax event, just if you sell the egg (or the chicken).
Hi, beautiful scenery you have there. I'm in the UK and I've been receiving Eth staking rewards. Etoro customer service is non existent lately. I go on chat and they keep closing it. I've never done a tax return so it's all new to me. In the UK CGT has gone up from 10% to 18% for any profit over £3k.
yeha just dont, i mean... investors lose what 90% of their capital within the first 3 months of what ever the stat is, As for day trading, its suicide, yolo it with ur free Etoro account and i give you a week before you lose 1 grand+, i did with my own money and lost 4 grand within 6 months, its brutal never again
Hey, keep up your videos, I find them to be very genuine & digestible. In relation to this 35% tax thing I’ve not heard about it, as far as I’m aware any earnings from crypto is subject only under capital gains tax (UK), may I clarify in what you are referring to?
Thank you :) It's Malta tax law, so it's a whole different system from the U.K. I believe that if you are considered a trader here, then it's around 35% tax on all gains, but if you're not a trader, then there's no capital gains as such (although I'm still talking to lawyers/accountants about all this, so please don't consider me an expert in any way!)
Last I checked, the staking was a literal scam In a section of the terms and conditions says that if the reward is smaller than (for example) 0,0001 then they wont deposit that. The problem is that you neee to stake huge sums of money so each reward is more than the threshold. Specially if you are doing dollar cost average I asked my etoro agent and he confirmed. So I unstake everything. Not gonna put my money to work for etoro, specially now that they incressed the fees
I am not tax advisor, but imo staking crypto is like keeping chickens for egg laying. If the chicken lays an egg, that is not a tax event, just if you sell the egg (or the chicken).
So how much are they offering to stake, and for how long?
Hi, beautiful scenery you have there.
I'm in the UK and I've been receiving Eth staking rewards.
Etoro customer service is non existent lately. I go on chat and they keep closing it.
I've never done a tax return so it's all new to me. In the UK CGT has gone up from 10% to 18% for any profit over £3k.
18% for low tax payers and I think 22% for the higher tax payers
Still trying to find copy trader based on shorting strategy do they exist..?
On other platforms, not etoro, too many fees
yeha just dont, i mean... investors lose what 90% of their capital within the first 3 months of what ever the stat is, As for day trading, its suicide, yolo it with ur free Etoro account and i give you a week before you lose 1 grand+, i did with my own money and lost 4 grand within 6 months, its brutal never again
Did you see the 100% capital guarantee is back on etoro? You were saying before that you missed the boat. Maybe not.
what's it being applied to? I'll go have a look, thanks
@@SocialTrading Looks like Tech sector stocks.
Hey, keep up your videos, I find them to be very genuine & digestible. In relation to this 35% tax thing I’ve not heard about it, as far as I’m aware any earnings from crypto is subject only under capital gains tax (UK), may I clarify in what you are referring to?
Thank you :) It's Malta tax law, so it's a whole different system from the U.K. I believe that if you are considered a trader here, then it's around 35% tax on all gains, but if you're not a trader, then there's no capital gains as such (although I'm still talking to lawyers/accountants about all this, so please don't consider me an expert in any way!)
Last I checked, the staking was a literal scam
In a section of the terms and conditions says that if the reward is smaller than (for example) 0,0001 then they wont deposit that. The problem is that you neee to stake huge sums of money so each reward is more than the threshold. Specially if you are doing dollar cost average
I asked my etoro agent and he confirmed. So I unstake everything. Not gonna put my money to work for etoro, specially now that they incressed the fees
My account manager is terrible too, my first one was good but he left etoro , the next one doesn’t even respond either
Yes I interesting but ill stick to tangible things stocks 😊etc
If they don't reply you as you're someone many people follow. They will never reply me back :D