Originally posted by Whorty
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stock market crash
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Scoots still says that Apr 2020 didn't mark the start of a new stock bull market. -
Originally posted by DealorNoDeal View PostIf you sell crypto and declare the profit as CG on your self-assessment return, putting "gains from crypto" in the white space, and HMRC accept the tax then how can it not be legitimate?
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Originally posted by DealorNoDeal View PostAtW hates crypto so much he's invested all his money in one of the biggest manufacturers of chips used to mine the stuff.Comment
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Originally posted by _V_ View PostThey got it from their brother.....where did they get it from? An uncle in a far away land.
Seriously, for banks it is just a box ticking exercise. They tick a box on a computer screen "Family gift"Comment
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Obviously soon there will be another box to check confirming money are not derived from any of the scams such as tulipcoons
Should not be a problem since “fiat” is so old news, people with tulipcoins should just use them among themselves as means of payment for their housesComment
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Originally posted by DealorNoDeal View PostIf you sell crypto and declare the profit as CG on your self-assessment return, putting "gains from crypto" in the white space, and HMRC accept the tax then how can it not be legitimate?
Have there been actual reports of people being refused house purchases because the money came from the sale of crypto?
It doesn't need a lie, or a forensic accountant. It just needs a few clicks of the computer and access to your own bank account.
Pay tax to HMRC and all is fineI am what I drink, and I'm a bitter manComment
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Originally posted by AtW View Post
Paying tax on laundered money does not make prior non-tax related crimes disappear.
Crypto may well be used to launder money, but that doesn't make all money in crypto dirty.
I am what I drink, and I'm a bitter manComment
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Originally posted by DealorNoDeal View PostIf you sell crypto and declare the profit as CG on your self-assessment return, putting "gains from crypto" in the white space, and HMRC accept the tax then how can it not be legitimate?
Have there been actual reports of people being refused house purchases because the money came from the sale of crypto?Comment
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Originally posted by Whorty View Postas long as you can prove you put £x into your wallet on date A when the crypto was valued at P1, then sold crypto on date B when crypto was valued at P2, and this equates to the value in your bank account then you have proven where the funds have some from.
What you won't be able to prove is that "fiat" that you got your dirty tulipcoins converted to is clean enough, or even if the tulipcoins you "withdrawn" from "exchange" are clean
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Originally posted by DealorNoDeal View PostIf you sell crypto and declare the profit as CG on your self-assessment return, putting "gains from crypto" in the white space, and HMRC accept the tax then how can it not be legitimate?
Have there been actual reports of people being refused house purchases because the money came from the sale of crypto?Comment
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