[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 43 KB, 1200x801, UK-flag-Union-Jack-featured.jpg [View same] [iqdb] [saucenao] [google]
22836842 No.22836842 [Reply] [Original]

Does any British anons know the setup of reducing tax liability by moving to the isle of man?
I asked reddit and they responded that their is still a difficulty in cashing out crypto despite the 101 articles saying its the 'new crypto capital'.
Also, if I move over to the IoM do i still need to pay capital gains on all the crypto ive made so far or can that be struck off if i move it into a foreign company?
Any other tax advice for UK is welcome as well of course

>> No.22836853

Cash basis anon.

>> No.22836879

>>22836842
ah oi mate do ya 'ave any tips for me to ah-void the taxes

just dont report ur crypto gains genius

>> No.22837079

>>22836879
thats some meme soiboi level thinking

>> No.22837321

>>22837079
you are a faggot shut the fuck up

>> No.22837868

>>22836879
It's all well and good, but then I thought wtf will my bank do when I cash out hundreds of thousands into my account, after I prove my money isn't laundered how do I know if HMRC know.

>> No.22837986

bump

>> No.22837990

>>22836842
Oi, pay your fucking taxes, you wanker! How else is her majesty's government going to cover Mohamed and his 12 underage wives their 15,000 pounds a month pittance? And since Mohamed's 26 cousins and their extended families are already on their way over, prepare for a massive tax hike next year to cover them. Or do you want to be called a racist???

>> No.22838032

>>22836842
You can buy Swiss gold with xrp now, I wonder if that could be a route out?