I came across your channel through this video- case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
I'm a newbie talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 10Ok to test the waters now that large cap stocks are at a discount
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Well explain thank you for bringing up this video Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. The value of the US🇺🇸dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. I'm worried that rising inflation will cause my 550k in my retirement funds to lose value, But with the help of Mrs Maria I hit 220k this week from my investment of 45k, I am truly grateful for all the knowledge and nuggets you have given me over the past few months.
very handy video ,short ,sharpe ,informative and to the point .....one of the most helpfull videos I have seen on this subject that did'nt drain my time. Top work keep those videos coming 5-7 minutes is the sweet spot for people with busy lives.
I think most people would watch this video expecting to see methods by, as you said, paying no tax on your crypto sales. But you didn't offer that information. Granted the methods you've mentioned help reduce capital gains tax bills but they dont offer a way to pay no tax on larger sales of crypto for personal use. if I want to realise £10,000 of gains is there actually a method by which to pay no tax? Presumably some sort of off-shore setup
No, there isn't. The only way you can avoid it is to basically unregistered yourself from HMRC, and you need to effectively stay out of the UK for a total of 5 years. Otherwise, they can backdate the tax. 5 years is the magic number.
@@epicgtr3614 What if you give it away say to someone in a tax free zone? And you take no profit from it, but they change it over to their currency and send it to their banks
Thanks for the review! I have a quick question: I have a SafePal wallet with USDT and I have the recovery phrase. (acid festival rug search quick south rebuild choose hat behave merge panda). How can I transfer them to Binance?
Thanks for the video. I have question about sending the crypto to my wife to avoid the capital gains. Suppose for one of the coin I am making a profit of more than £3k and I send that coin with all the profit to my wife. Does her account shows the profit or it will be treated as no profit no loss?
Do you mean when the asset achieves an unrealised gain, i.e. goes up in value by £3k? Unrealised gains are not taxable as there is no conversion/sale from one asset to another. A transfer to a spouse is no profit/ no loss on you, so nothing for you to report. However, you need to keep records, because if your spouse goes on to sell the asset at a later date, the market value at the date of the transfer is taken as the sale proceeds (i.e. the full market value at date of transfer is the original cost plus any gains in value), from which your spouse can then deduct gift relief (by applying for it from HMRC), leaving a base gain from which your spouse’s tax liability is then calculated.
Schönes Video! Nur eine Frage, die nicht zum Thema gehört. Ich habe eine USDT- und SafePal-Wallet mit Seed-Phrase. (sand input cricket valley crunch venture van frost issue foster twenty local)Wie kann ich Geld an Binance überweisen?
The CGT rates changed on October 30th 2024, mid way through the tax year, that will make filling in the tax form tricky won't it? Does Coinledger software allow for these changes or do we need to buy 2 reports for 2024/2025?
@@coinledger I see, so 1 Coinledger report will be able to work out the CGT owed allowing for the single 3k allowance and change of rates from 10/18% to 18/24%?
These tax idiots popping up now it's bullrun. Very easy to NOT pay tax . This is my 3rd crypto cycle and I have a high 6fig portfolio. I pay NO tax, NO cgt. Pay a smallish fee and setup an offshore bank account. Transfer into it from ur cold wallet, NEVER use a CEX.
@yahyadj Google crypto friendly offshore banks. One example of many is ultimopay. Fee to setup. Also keep ur crypto in a cold wallet, not on a cex or dex. Tangem is superb. U can move usdt/usdc/btc off Tangem directly to offshore where they, for a minimum fee, swop it to usd. I have account, card, and can use any UK cashpoint..all hidden from HMRC.
There are legal ways to avoid tax on crypto gains if you are an investor or a crypto trader.You need specialist tax advice, but you also need to be making £500k plus!
@@markbennion8151 There are currently no ISAs that offer the ability to hold cryptocurrency or cryptocurrency derivatives such as ETFs that track the price of any cryptocurrencies.
I really appreciate your efforts! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
3000 pounds lol what a rip off no wonder people are leaving. This country is becoming a laughing stock. Everyone attracting business whilst the only thing we are attracting is unskilled free loaders.
I came across your channel through this video-
case studies are incredibly valuable, and I'm eager
to see more in the future! Building wealth involves
establishing routines, like consistently setting aside
funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is
to spread out your investments. By putting
your money into different asset classes like
bonds, real estate, and stocks from other
countries, you can lower the risk if one part of
the market goes bad.
That sounds like a good plan. In the past two
years, working closely with a financial market
specialist, I've built a six-figure diversified
stock portfolio. Now, I aim to diversify even
more this year.
I'm a newbie talking about a financial market specialist, do
you consider anyone worthy of
recommendations? I have about 10Ok to test
the waters now that large cap stocks are at a
discount
MissCrypto was my hope during the
'bear summer last year . I did so many
mistakes but also learned so much from it
MissCrypto was my hope during the
'bear summer last year . I did so many
mistakes but also learned so much from it
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Well explain thank you for bringing up this video
Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. The value of the US🇺🇸dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. I'm worried that rising inflation will cause my 550k in my retirement funds to lose value, But with the help of Mrs Maria I hit 220k this week from my investment of 45k, I am truly grateful for all the knowledge and nuggets you have given me over the past few months.
Mrs Elaine program is widely available online..❤
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
I'm glad to write her tay I do hope she will help handle my paycheck properly
Can I start with as low as $1000
the uk government make it so hard to buy/trade crypto, but very happy to take your tax - joke!! cheers Charlie
very handy video ,short ,sharpe ,informative and to the point .....one of the most helpfull videos I have seen on this subject that did'nt drain my time. Top work keep those videos coming 5-7 minutes is the sweet spot for people with busy lives.
Thanks for the kind words!
I think most people would watch this video expecting to see methods by, as you said, paying no tax on your crypto sales. But you didn't offer that information. Granted the methods you've mentioned help reduce capital gains tax bills but they dont offer a way to pay no tax on larger sales of crypto for personal use. if I want to realise £10,000 of gains is there actually a method by which to pay no tax? Presumably some sort of off-shore setup
No, there is not. This is a video on tax planning/remuneration, not a video on structuring, which is illegal.
No, there isn't. The only way you can avoid it is to basically unregistered yourself from HMRC, and you need to effectively stay out of the UK for a total of 5 years. Otherwise, they can backdate the tax. 5 years is the magic number.
The only way to avoid cgt is to leverage it. Borrow against it.
@@epicgtr3614 What if you give it away say to someone in a tax free zone? And you take no profit from it, but they change it over to their currency and send it to their banks
How much is the software
What happens if I bought 70% of my crypto in Australia and sell it in the UK.. can the uk tax you on crypto bought in another country?
Thanks for the review! I have a quick question: I have a SafePal wallet with USDT and I have the recovery phrase. (acid festival rug search quick south rebuild choose hat behave merge panda). How can I transfer them to Binance?
How much is the software please
Link to pricing: coinledger.io/pricing
Thanks for the video. I have question about sending the crypto to my wife to avoid the capital gains. Suppose for one of the coin I am making a profit of more than £3k and I send that coin with all the profit to my wife. Does her account shows the profit or it will be treated as no profit no loss?
Do you mean when the asset achieves an unrealised gain, i.e. goes up in value by £3k? Unrealised gains are not taxable as there is no conversion/sale from one asset to another.
A transfer to a spouse is no profit/ no loss on you, so nothing for you to report. However, you need to keep records, because if your spouse goes on to sell the asset at a later date, the market value at the date of the transfer is taken as the sale proceeds (i.e. the full market value at date of transfer is the original cost plus any gains in value), from which your spouse can then deduct gift relief (by applying for it from HMRC), leaving a base gain from which your spouse’s tax liability is then calculated.
Schönes Video! Nur eine Frage, die nicht zum Thema gehört. Ich habe eine USDT- und SafePal-Wallet mit Seed-Phrase. (sand input cricket valley crunch venture van frost issue foster twenty local)Wie kann ich Geld an Binance überweisen?
Step Finance sounds like a game-changer. Any insights for beginners?
Hi. Can anybody please tell me Binance under what name used to operate in the UK and what is their address?
Any UK banks that allow to loan against crypto assets??
@@markcrabtree6793 No.
Nexo does.
@@hb4541 Didn't think Nexo was legal in the UK
The CGT rates changed on October 30th 2024, mid way through the tax year, that will make filling in the tax form tricky won't it? Does Coinledger software allow for these changes or do we need to buy 2 reports for 2024/2025?
You would just need one report -- which will report your capital gains!
@@coinledger I see, so 1 Coinledger report will be able to work out the CGT owed allowing for the single 3k allowance and change of rates from 10/18% to 18/24%?
How much does a report cost?
These tax idiots popping up now it's bullrun. Very easy to NOT pay tax . This is my 3rd crypto cycle and I have a high 6fig portfolio. I pay NO tax, NO cgt. Pay a smallish fee and setup an offshore bank account. Transfer into it from ur cold wallet, NEVER use a CEX.
Teach me 😭
@yahyadj Google crypto friendly offshore banks. One example of many is ultimopay. Fee to setup. Also keep ur crypto in a cold wallet, not on a cex or dex. Tangem is superb. U can move usdt/usdc/btc off Tangem directly to offshore where they, for a minimum fee, swop it to usd. I have account, card, and can use any UK cashpoint..all hidden from HMRC.
you can't invest in bitcoin ETFs in UK, yet.
There are legal ways to avoid tax on crypto gains if you are an investor or a crypto trader.You need specialist tax advice, but you also need to be making £500k plus!
Great I’ll give all mine to charity and then I have to pay no tax 🤔🤔
you forgot to mention isa's.
@@markbennion8151 There are currently no ISAs that offer the ability to hold cryptocurrency or cryptocurrency derivatives such as ETFs that track the price of any cryptocurrencies.
Thanks for sharing exactly what’s already on the HMRC website 🤦♂️
No problem!
@@coinledger Based response.
Sell Bitcoin?
don't do it...
I really appreciate your efforts! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
@@ThomasKing-y3h Scam.
3000 pounds lol what a rip off no wonder people are leaving. This country is becoming a laughing stock. Everyone attracting business whilst the only thing we are attracting is unskilled free loaders.
Garage video