Capital Gains 2021

[Anonymous No.29297335]

The 2021 Budget is just 10 days away.
There is a significant chance CGT will double for a lot of us, and they could change the tax at midnight to stop people dumping assets on the day.
Any Brits preparing for a possible 45% tax rate? What's your plan?

[Anonymous No.29297372]

hope and pray

[Anonymous No.29297484]

>>29297335
I doubt that it goes to 45% in one go, my bet is that it will go from 20% to around 28%. If 45% ends up being true I am off to Portugal.

[Anonymous No.29297551]

>>29297335
probably just allowence going to 0 or small raise

doing both is way overkill, this is the TORIES.

[Anonymous No.29297858]

>>29297551
If the allowance goes to zero, I will be finalizing my plans to emigrate ASAP

[Anonymous No.29298014]

>>29297372
Better to be proactive
>>29297484
>>29297551
There's a lot of support for an increase even amongst Tories. The tax is fairly insignificant anyway so if they change it I can see them going all out.

[Anonymous No.29298099]

>>29297858
The allowance is pretty small, what are you expecting your liability to be?

[Anonymous No.29298594]

can you get double taxed by using tether at the moment?

e.g. sell btc for tether, get taxed 20%, then withdraw tether to bank (converting it to gbp in the process), get taxed another 20%?

[Anonymous No.29298673]

>>29297335
£12 billion on test and trace

[Anonymous No.29298816]

>>29298594
No. You only get taxed on profits.

[Anonymous No.29298827]

>get half of my crypto gains stolen to pay for a hysterical response to the flu and to pay for half the workforce sitting on their arse

Fuck the tories

[Anonymous No.29298909]

>>29297484
Isn't the tax 28% in Portugal?

[Anonymous No.29299123]

>>29298816
crypto -> crypto trades are taxable, USDT counts as a crypto

[Anonymous No.29299913]

>>29297335
I highly doubt CGT will go to 45%. Maybe a smaller rise like >>29297484 says but I don't think they'll be retarded enough to fuck up the recovery before it has even started.

[Anonymous No.29299956]

>>29299123
God you are so stupid

[Anonymous No.29300068]

>>29297335
Moving to Singapore fren, cash out only need to stay 6months+ to not count as UK resident for tax purposes..

[Anonymous No.29300074]

>>29297858
We need to leave this shithole island ASAP, losing 11k of tax-free allowance is far from our only major problem lmao

[Anonymous No.29300104]

>>29298673
>Hello, my name is Anon calling on behalf of the NHS Test and Trace program to talk to you about your self isolation
making boomers shit themselves is my based job

[Anonymous No.29300167]

>>29297335
> whats your plan?
Kill rishi sunak

[Anonymous No.29300241]

>>29299123
They don't tax on trade-to-trade, you are only taxed on the difference between what you put in and what you get out.
If you put in 10k, made a 10x and cashed out 100k into your bank over several shit coins they only tax the extra 90k in your bank account by 20% currently, they don't care how you made it.
Stay mad amerimutts, we might be fucked here in bongland but at least we can keep some of our crypto gains kek.

[Anonymous No.29300276]

I wonder if they can get away with a VAT increase.

[Anonymous No.29300391]

>>29300241
are claps taxed on just owning and trading equal value assets?
lmao

[Anonymous No.29300430]

Can't tax if i never gain

[Anonymous No.29300439]

>>29300241
that's not true lol crypto to crypto is classed as disposing of an asset, it is taxable. google it. if you drop in and out of shitcoins you will owe tax on each trade.

[Anonymous No.29300659]

This is fucking theft

[Anonymous No.29300671]

>>29300439
Read the UK Gov website with regards to Crypto.

Tax is on the profit you get out only.

You can even cash out to sterling and as long as you reinvest that amount within 6 days don't have to pay tax on it.

[Anonymous No.29300763]

UK bros, what are you doing to prepare for bank bail-ins?

>BoE tells banks to find 4 billion pounds of 'bail-in' debt by 2022
https://uk.reuters.com/article/uk-britain-boe-idUKKCN1C70Y9

That was 2017. Now they apparently need to find £100+ billion by 2022. If you deposit your money in a bank you are basically an unsecured creditor.

[Anonymous No.29300765]

>>29300671
>Tax is on the profit you get out only.
So let's say I invested 20k a couple of years ago and it's worth 200k now in my portfollio, I'm only taxed if I take it out? Or do I pay tax on that regardless? Since I've yet to technically make a profit since I'm still trading it?

[Anonymous No.29300852]

>>29300671
https://koinly.io/guides/hmrc-cryptocurrency-tax-guide/

Individuals that hold crypto as a personal investment will be liable to pay capital gains tax when they dispose of their cryptocurrency. 'Disposal' has been defined by the HMRC as:

selling crypto assets for money
exchanging crypto assets for a different type of crypto asset
using crypto assets to pay for goods or services
giving away crypto assets to another person

>https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals

Individuals need to calculate their gain or loss when they dispose of their cryptoassets to find out whether they need to pay Capital Gains Tax. A ‘disposal’ is a broad concept and includes:

selling cryptoassets for money
exchanging cryptoassets for a different type of cryptoasset
using cryptoassets to pay for goods or services
giving away cryptoassets to another person

[Anonymous No.29300854]

>>29300765
If you cashed it all out you would only get taxed on the 180K.
you don't pay tax if you don't cash out.

[Anonymous No.29300876]

>>29300439
Sure if you're a tweedy pencil pusher, if even I can't figure out the value of what y/x bsc shit coin was during its time I flipped it into another I do you think HRMC can? You just show them money going in and out of exchange and that keeps them happy. They just want the capital gains on profits you nugget.

[Anonymous No.29300886]

>>29300854
>you don't pay tax if you don't cash out.
That's good to hear at least, another reason to hold for many years

[Anonymous No.29300909]

>>29298909
It's 0%

[Anonymous No.29300993]

>>29300659
what site is that? i reckon i owe a fuck load of tax. i never paid taxes for 2017,18, 19, or 20. the fines alone will kill me. i had no idea how extensive taxes were when i was trading back then. my only hope is to make enough this year off one hodl trade to make the previous fines and taxes small in comparison.

[Anonymous No.29301017]

>>29300852
I've been trading since 2016, I've never cashed out, and half the exchanges I've traded on are closed. I will be raped by Big Chancellor Cock

[Anonymous No.29301029]

>>29300993
Here https://taxscouts.com/calculator/capital-gains-tax/

[Anonymous No.29301081]

>>29297335
>Any Brits preparing for a possible 45% tax rate? What's your plan?
If I take profits into USDT before that, I only have to pay the old tax rate on that transaction, right? Even if they change the tax rate afterwards?

[Anonymous No.29301148]

>>29300993
use Koinly, very efficient, easy and geared towards calculating crypto tax

[Anonymous No.29301185]

Collateralised loans.

[Anonymous No.29301238]

>>29297335
Not pay it.

[Anonymous No.29301275]

>>29301185
Putting crypto on AAVE is taxable since you convert to aTokens

[Anonymous No.29301323]

>>29300876
>You just show them money going in and out of exchange and that keeps them happy.

you have to tell them your purchase price and sale price and the quantity of btc you were dealing with. if you make 100x on your initial deposit but btc is only up 10x even the dumbest guy at hmrc will investigate it.

[Anonymous No.29301333]

I'll use whatever creative accounting I can to avoid paying any tax that will be used to shore up their failures. I'm not a normie, and I know they have financial weapons out there

What are they going to do, car bomb me?

[Anonymous No.29301400]

>>29297335
whats criteria for double if its brought in?

[Anonymous No.29301412]

>>29300439
Yes you dumb fuck but losses are also discountable, so basically you pay the difference between what you put in and got out

Dumb dumb

[Anonymous No.29301460]

>>29297335
can any fellow brit explain to me how this shit works? do I have to report anything if I haven't withdrawn anything?

[Anonymous No.29301509]

>>29301323
>I bought 10 btc on mtgox and had it in a hard drive I only found recently I decided to cash in.

Will that suffice?

[Anonymous No.29301596]

The Algarve is nice this time of year.

[Anonymous No.29301610]

>>29301460
crypto to crypto trades are taxable

[Anonymous No.29301675]

>>29301148
>>29300993
This, use coinly, its free to calculate it all (just sync ur wallets and use API for exchanges) and then you can pay and they will fill out the form for you

[Anonymous No.29301678]

>>29300439
>buy £100 of BTC
>BTC rises so now it's worth £1000
>move it to ETH
>get £900 more ETH than I would have before the bitcoin mooned
>this is profit
>get taxed for 20% of £900

[Anonymous No.29301718]

>>29301275
Look at Nexo. They've been comfy so far.

[Anonymous No.29301730]

>>29301610
im assuming it's only after you surpass the personal allowance amount right?

[Anonymous No.29301744]

>>29301678
Shit forgot about the allowance. You get the idea though

[Anonymous No.29301771]

>>29301730
https://koinly.io/guides/hmrc-cryptocurrency-tax-guide/

idk why no one has posted this yet

[Anonymous No.29301775]

>>29301744
Yeah you don't have to worry if it's below 12.5 or whatever the allowence is

[Anonymous No.29301858]

>>29301596
>be burger
>lose guns in boating accident
>be bong
>lose self in boating accident

[Anonymous No.29301965]

>>29301718
centralized... risky

I've also been looking into cashing out and it turns out banks only insure up to £85,000 per institution.

Which means I will need to open like several saving accounts at different banks to fully insure it. What bs.

Don't want to put it in a house yet either since house market is in a bubble atm

[Anonymous No.29302035]

>>29301675
What do we do about exchanges that closed in the last few years?

[Anonymous No.29302101]

Is there no way to find out what the increase is before it happens?
I'm so fucking close to making it and cashing out, 10 days is too soon. Fuck.

[Anonymous No.29302152]

>>29301775
don't forget that you will need to file if you dispose of more than 4x the personal allowance even if you make a loss (at least that's what I understand)

[Anonymous No.29302208]

>>29300909
Only up to 53k though

[Anonymous No.29302211]

45% means I'm never fucking selling my coins.

[Anonymous No.29302269]

>>29302035
can try request for data if there's still some support line as they may have CSV files still saved

if not then not sure desu, thankfully only had 100 in cryptotpia that i withdrew so i never needed to look in

[Anonymous No.29302336]

>>29298827
I'm not a tory but judging but Labours atrocious comments I think it's more of a parasitic statists' mindset.
Fuck government leeches
Fuck furlough
Fuck statists
Fuck this gay earth

[Anonymous No.29302363]

>>29297335
45% and I marry a Portuguese woman/man if I have to, not paying that would rather sit in prison

[Anonymous No.29302368]

>>29301965
kek you know people have such little faith in financial institutions that they can't even trust banks not to have liquidity issues and want multiple insured accounts to store their large wealth

How do rich people do it? Private banks? Goybanks with 85k seems low

[Anonymous No.29302379]

>>29298827
just dont sell this year

[Anonymous No.29302404]

Just cash out a penny below the personal allowance every year

[Anonymous No.29302411]

>>29299913
>I don't think they'll be retarded enough to fuck up the recovery before it has even started.
You sure about that darling?

[Anonymous No.29302428]

uhhh, l-lads??!?

[Anonymous No.29302436]

>>29302101
1) Be a mason in a lodge with civil servants, treasury staff
2) be mates with Rishi

[Anonymous No.29302472]

>>29302404
this
also wait until you can buy your first house with crypto if you havent already

[Anonymous No.29302554]

>>29302472
yes

I can't play the mortgage game because I don't play the credit score game. I refuse the rules of participation

I want to make enough crypto to buy a house, and I'll be happy

[Anonymous No.29302558]

Can we all get to Portugal post-Brexit?

[Anonymous No.29302574]

>>29300659
WHEN WILL YOU RETARDS REALISE THAT ANYTHING ABOVE 10% TAXATION IS THEFT?

[Anonymous No.29302592]

>>29300763
I got like 15-20k cash wtf am I supposed to do? Don’t want to deposit it in a bank but can’t leave it sitting around forever

[Anonymous No.29302611]

>>29297335
So at what point do we actually get a real right wing government that leftists claim we already have?

[Anonymous No.29302635]

>>29297335
If you owned gold and silver Britannias, any gains would be tax-exempt.

[Anonymous No.29302642]

>>29300852
You can’t even fucking gift it without paying tax, this is insane

[Anonymous No.29302665]

>>29302379
on this, make sure to maximize use of your tax credits

make sure you give out as many gifts via crypto transactions to family members, dont cash out and give money to parents instead set up a crypto wallet for them, you can give a person up to £3,000 tax free for them to cash out so better it goes to your parents/siblings then the gov ( u can even ask them to cash out and take 2k in cash off them )

then also use up the £12,300

what do i mean?

say you invest 10k and it goes to 100k

the day before tax is due, cash out 10k + 12.3k - 22.3k

then day after due buy back in

that way you know have 22.3k out of the 100k that is now tax free

as if you just leave it for another 3 years lets say, you'll waste 3 years worth of £12,300 of tax credits

[Anonymous No.29302672]

>>29297335
Surely that’s a massive detriment to a lot of the tories largest supporters?
I don’t see it happening, stopping shit like that is exactly why people donate to them.

[Anonymous No.29302713]

>>29297335
Why the fuck do you live there? You can't even own a proper rifle.

[Anonymous No.29302752]

>>29302672
the members of the (((tribe))) will have an army of lawyers and accountants to find the obscure loopholes, meanwhile plebs like you and me will have to pay the good goy tax

[Anonymous No.29302763]

>>29302642
you can use a 3k gift tax fairly sure, anything over is taxed

[Anonymous No.29302783]

>>29297335
What good is an increase to 45% going to do for us bongs in any case? It's just giving even less of an incentive for large shareholders to cash out and forcing businesses on the brink of closure to close before that date, this is going to be disastrous surely, isn't it? Or is there something I'm missing here from that paki cunt?
Besides, would putting crypto onto a crypto visa card be a viable way of getting around tax?

[Anonymous No.29302823]

40% tax website shills and 40% hmrc demoralisation drones as usual.

The real change that needs to happen is increasing the amount that can be put in an isa. If rishi lets me put in 100k+ in the next tax year then I would consider liquidating. 20k limit is a kick in the teeth when I would be paying 50k cgt to cash out now. The only people winning right now are those whose rich parents maxed their child's isa allowance each year.

[Anonymous No.29302827]

>>29302763
>>29302665
wait nvm - gift tax is only to your spouse for crypto

GAYY

[Anonymous No.29302887]

>>29302823
>rishi launches a crypto ISA

[Anonymous No.29302909]

>>29302827
anon, will you marry me?

[Anonymous No.29302931]

>>29302665
High IQ thanks anon

[Anonymous No.29302947]

>>29302554
uk gov is pretty good for first house allowances, so hopefully not much will change by the time you can take a crypto wallet to an estate agents

[Anonymous No.29302955]

>>29297335
monero

[Anonymous No.29303014]

>>29302827
>>29302931
Never mind, it’s over.

[Anonymous No.29303083]

>>29302955
Still got to cash it out at some point?

[Anonymous No.29303124]

>>29297335
They can’t change the tax at midnight it’s got to be voted through

[Anonymous No.29303207]

if he fucks with the entrepreneur relief again i will go apeshit. closed down my company because the tories fucked me on ir35, only reason i haven't been able to properly shut my co. down and get the cash out is because the hmrc plebs dealing with it got moved to other departments.

[Anonymous No.29303230]

Why are people even worried about this? Nobody would stay in the UK anyway surely I'd they made enough? I wouldn't pay a single fucking penny and I work for the UK gov.

[Anonymous No.29303236]

>>29302363
>45% and I marry a Portuguese woman/man if I have to
Then you'll pay 50% when they divorce you

[Anonymous No.29303239]

>>29303014
sucks ass you can do it in other countries which also have 0 gift tax at all

do take note of the £12,300 tax credits though and use them up every year before the due date, best you will get unless you move country

[Anonymous No.29303293]

Probably cope on my part but is Rishi really going to raise CGT, fucking over tory voters and his donors? Can't see it.

[Anonymous No.29303356]

I’ll believe it when i see it, can’t imagine it happening as it’s massively detrimental for recovery.
I expect it will just be more austerity.
Still bollocks though, this whole thing was a massive overreaction. Should have just had the vulnerable stay at home and every one else carry on,
>but muh nhs being overwhelmed
it would have been FAR cheaper just to set up a load of nightingale wards than paying for furlough etc
>but muh lack of nurses
You don’t need fully trained nurses, you just need people trained to deal with patients suffering from coronavirus. I’m sure you can train people to deal with a specific condition in a few weeks.

[Anonymous No.29303393]

>>29300241
i’m afraid this is wrong, sorry boys. the uk tax laws are EXTREMELY complicated, you will basically need to pay for a service like koinly. google koinly uk tax or whatever and read their page about it.

[Anonymous No.29303395]

>>29299123
Retard alert

[Anonymous No.29303536]

>>29300854
yes you do anon. you are taxed on every trade. if you have profited from buying and selling assets, you must pay capital gains tax on them *this year*. yup.

[Anonymous No.29303667]

>>29303293
what worries me is they've been pushing an increase to 45% in the media so that means that they are preparing the opinion for a smaller increase (say to 30%).

[Anonymous No.29303707]

>>29303356
You can train people to deal with patients in intensive care in a few weeks? You ever been in an ICU?

[Anonymous No.29303794]

in my dreams i take hmrc to court and argue i am a degenerate shitcoin gambler so i owe no tax as it is all gambling winnings. i win the case and keep all my money.

[Anonymous No.29303813]

>>29303707
He's saying train people to specifically deal with COVID cases and nothing else. I dunno how feasible even that is though

[Anonymous No.29303914]

>>29302472
>>29302554
Just a warning: I cashed out to buy a house and nobody wanted to touch me as I couldn't provide where the money came from in to my bank account.

All the exchanges I'd originally used in 2013 don't exist any more, and they said it looked like money laundering. I couldn't even use the cash as a down-payment to get a mortgage

[Anonymous No.29303939]

>>29300852
What a socialist hellhole

[Anonymous No.29304030]

>>29303914
FUD

[Anonymous No.29304044]

>>29303707
Alright, maybe a few weeks is a bit of a stretch, but you get my point.
If they were ONLY dealing with covid patients i don’t see why that would take years of training.
Besides not every one in hospital with covid is in intensive care.

[Anonymous No.29304063]

>>29303914
Just wait six months for the resting period surely? Once it's been in the account that long they stop caring

[Anonymous No.29304090]

>>29303914
>Just a warning: I cashed out to buy a house and nobody wanted to touch me as I couldn't provide where the money came from in to my bank account.

all you have to do is wait a few months to let the money settle in your account, then it's just savings.

[Anonymous No.29304147]

>>29303939
crypto gains are taxed the same way in burgerland

[Anonymous No.29304230]

>>29303914
>Just a warning: I cashed out to buy a house and nobody wanted to touch me as I couldn't provide where the money came from in to my bank account.
REEEEEEEE HOW AM I SUPPOSED TO FUCKING MAKE IT REEEEEEEEEEEEEEEE

[Anonymous No.29304250]

>>29303939
Yeah I'd much rather go bankrupt because I had the nerve to be sick

[Anonymous No.29304397]

>>29304230
You’re not, you’re supposed to be a wagie forever

[Anonymous No.29304411]

>>29297335
Vote labour.
>>29302611
You're saying the tories aren't right wing. Christ you're mental mate, who tf do you want? hitler?

[Anonymous No.29304507]

>>29304397
This, the system is designed to throw up as many barriers as it can to prevent the average Joe from being anything more

[Anonymous No.29304524]

>>29304411
And here I thought your post couldn't get more retarded and cringe after that first line.
Yes lots of people here want Hitler where the fuck do you think you are?
Me, I think Hitler was way too left.

[Anonymous No.29304540]

>>29304411
hitler was left wing.

[Anonymous No.29304549]

>>29303914
When was this?

[Anonymous No.29304553]

>>29297335
what capital gains tax? there are zero in Belgium. oh, sorry, you mean the UK? oh that sucks

[Anonymous No.29304560]

>>29302752
THINGS

[Anonymous No.29304575]

>>29304411
Hitler was left you mong

[Anonymous No.29304580]

>>29304411
>want lower capital gains tax
>vote labour

[Anonymous No.29304591]

What effect will this have on the stock market? Can we capitalise on this? Will it cause uncertainty in the market which could create on opportunity for us?

[Anonymous No.29304642]

>>29304591
Short the GBP?

[Anonymous No.29304655]

>>29303794
Its not the act of gambling itself that is tax free, its gambling with UK regulated gambling operators, because the tax liability is passed onto them as a condition for the licence.

[Anonymous No.29304680]

>>29304524
>>29304411
Both the Tories and Hitler are left-wing socialists. Both lovers of fiat.

[Anonymous No.29304685]

>>29302931
>>29302665
Another Tax Hack

Let's say you want to cash out LINK gains, you invested 10k and its now 100k and you maximize your tax credits of £12,300

so cash out £22,300 the day before tax is due

also what you do is

say you bought Bitcoin at 100k for 100k

and Bitcoin is now 80k so you are 20k down

sell the Bitcoin also the day before tax is due

and cash out another 20k of the LINK (so 22.3k + 20k = 42.4k) as you can offset the 20k loss

now day after tax is due you have 42,4k of the 100k of LINK cashed out

and just use the 80k of Bitcoin to buy back in and hopefully in 24 hours the price hasn't moved much so that you can make the 20k you sold at a loss back anyway

[Anonymous No.29304719]

>>29304411
>Labour wins
>spend spend spend spend spend spend spend
>Country goes to shit
>Tories win
>Forced to cut back costs in order to lower the deficit and fix what Labour did
>Nooooooo you can't cut gibs
>Labour wins
>spend spend spend
Every time

[Anonymous No.29304733]

I wish the tories were as right wing as labour voters think they are

[Anonymous No.29304789]

>>29304719
>>Labour wins
>>spend spend spend spend spend spend spend

>What track and trace system?

[Anonymous No.29304797]

When you buy, get stablecoin from CEX, then move to temp private wallet, then tornado cash/etc to a second wallet. At this point, swap to the crypto you actually want. The state will never be able to confirm your true profits and worse can scenario is you are forced to repay the cost of the stablecoins.

When you sell, wherever possible try to take out cash via BTC/Eth ATM and use it to pay for everyday expenses. And use tornado cash/etc as an intermediary prior to using the ATM. When the coof is over, travel overseas and cash out there. If possible, go through the long process of getting non-dom status. No matter what happens never send a single penny to HMRC

[Anonymous No.29304822]

>>29304655
but on hmrc website it says some trades may be so highly speculative in nature they may be classed as gambling and subject to no tax

[Anonymous No.29304829]

>>29304411
Fucking DODDS as Chancellor? You fucking cretin

[Anonymous No.29304851]

>>29304685
ie

every year, maximize your tax credit of £12,300 and if you're in a loss for anything week before the declare date, sell it all for a loss and then cash out an equal number of what you have gained, then the next week/day once you declared and next year starts buy back in - hopefully the price hasnt gone up while doing this and you're golden

[Anonymous No.29304929]

>>29304685
But what if bitcoin price doesn’t fall or even rises?

[Anonymous No.29304995]

>>29304642

Maybe you'll see gains if you only plan to short it quickly, I would assume the rebound would be immediate, Carney and Bank of England would move quickly to reassure businesses and stabilise the market

[Anonymous No.29305017]

Cant you guys just get a loan overcollateralized by 2-3x much BTC? No tax and then open a second loan to pay off the first? You can just do this forever.

[Anonymous No.29305022]

>>29304929
that's the bet, as long crypto doesnt make any major moves the week/day before the declare date then you're fine, just hope the week is a crab week

[Anonymous No.29305130]

Based Tesco has plunged (no idea why), this is its lowest point in years, 27% market share (12% more than sainsburys kek) 80% annual increase in online sales, Covid restrictions about to be lifted leading to a spring/summer of wild consumerism, surely this is the time to buy TSCO

[Anonymous No.29305162]

>>29300854
Hi you’re a fucking idiot.

[Anonymous No.29305163]

>>29300241
>They don't tax on trade-to-trade

They do tax trade to trade. But if you're immediately converting from, for example, BTC to Shitcoin A, then it will be small enough to be negligible.

Britbros, this is how it works:

You are only taxed on GAINS. But you have 12.5k of an allowance per year to play with before you ned to pay tax.

Let's say you put 1k in your Binance account as BTC.

You let it sit there and it grows to 2k. You now have 1k of gains.

You convert all of this to some Shitcoin A on the exchange. This is a taxable event. You don't pay any tax because you have now used up 1k of your annual allowance.

Let's say the balance increases by 1k again to give you the equivalent of £3k total. You convert 500of this to Shitcoin B. Again, a taxable even but you don't pay tax because you can use use another £500 of you allowance.

And so it goes.

The CGT only really becomes an issue if A: you're trading more than 12.5k per year or you're cashing out a large sum.

[Anonymous No.29305227]

>>29305130
>Based Tesco has plunged (no idea why)

They're in the middle of a share consolidation; 15 shares for every 19 held becaue they're shutting down their Asia operations.

Price will climb when this is sorted.

[Anonymous No.29305280]

>>29305163
Honestly if you're only making around $12.5k a year whats the fucking point in trying to avoid taxes in the first place?

[Anonymous No.29305309]

>>29301965
Consider gold instead of putting it in a bank. Bullion from from the Royal Mint is VAT exempt, and holds it value pretty well through the years.

[Anonymous No.29305445]

>>29305227

I was aware of the consolidation but I thought they were doing it to PREVENT the share price dropping, i assume this is a reactionary change, deffo going to buy for some long term gains, maybe call options

[Anonymous No.29305461]

>>29298594
are you retarded?

[Anonymous No.29305464]

>>29304411
>Vote labour.
found the poster too young to remember what living under them was like. It was bad last time but it would be utter hell next time.

[Anonymous No.29305513]

>>29305280

Capital Gains Tax is different from income tax.

You can pay zero in income tax (if you're a NEET, for example) but still be liable for CGT if you made 100k in gains on BTC.

[Anonymous No.29305612]

>>29305445

It's like that because they haven't issued all of the consolidated shares yet (I hold Tesco in my ISA and I havent received any or the 50p dividend yet). Same thing happened with Rolls Royce last year.

[Anonymous No.29305630]

Well this thread convinced me to stop using altcoins once and for all, the crypto-to-crypto tax isn't worth the headache

[Anonymous No.29305721]

>>29305464
Yep, very few people actually like the tories, but they keep labour out that’s why they get votes.
Even Baz has begun voting for them now, not sure Labour supporters even understand why they keep losing elections still.

[Anonymous No.29305945]

>>29303707
Surely getting people who spent the time looking after covid instead of making tiktok videos would be a better bet.
And it's mostly fat fucks who died in large numbers.

[Anonymous No.29306185]

>>29304575
>>29304540
>>29304524
no he wasnt

[Anonymous No.29306334]

>>29306185
mental, had no idea not decrying judeo-bolshevism was a core socialist policy

[Anonymous No.29306361]

>>29305721
Yeah I mean tories are shit but next time Labor are in the pendulum is going to swing so far back it wont even be Clown World it'll be fucking Circus Dimension

[Anonymous No.29306374]

>>29297335
>Paying taxes
Ngmi and go back

[Anonymous No.29306398]

Income tax I could understand but imagine somebody coming up to you and demanding a share of your profits, what the fuck?

[Anonymous No.29306409]

>>29304719
Seems like you brought the Daily Fail fairy tale hook line and sinker there, champ.
>Banks worldwide buy subprime mortgages and CDOs for short-term gains and nearly implode
>Bailed-out
>Tories blame Labour and don't say a word about the banks
>Tories win
>Zero regulation of banks. A decade of austerity is intermingled with glossy advertisements all about how much the banks 'really really care about you'
>Brexit; massive damage to the economy
>Catastrophically mishandled response to the pandemic; more than 120000 dead; massive damage to the economy

[Anonymous No.29306431]

alright lads who wants to start a crypto company which holds ETH and we get listed on the LSE so we can hold it in our ISA

[Anonymous No.29306515]

>>29306409
>Catastrophically mishandled response to the pandemic; more than 120000 dead; massive damage to the economy
Interesting that you think it would be any different under any other government, still less deaths than the Iraq war

[Anonymous No.29306567]

>>29303293
>will tories fuck over their voters
I mean, May literally tried her best to lose the election in 2017 by fucking over tory voters as much as possible and she still won

Its practically guaranteed they're going to fuck over their voters as they have money and will still vote tory anyway

[Anonymous No.29306582]

>>29306398
how is it any worse than income tax?

[Anonymous No.29306588]

>>29306409
and yet, the tories will still win the next election
labour really need to stop all the identity politics and immigrant cock sucking if they want a chance

[Anonymous No.29306607]

Doesn't capital gains tax only take effect when you sell? Just hold everything in crypto.

Also, if they do try to tax wealth, say hello to Monero.

[Anonymous No.29306621]

>>29306185
>hitler banned communism
>therefore he wasn't socialist

[Anonymous No.29306660]

>>29306409
dont care, they actively promoto multicult. Never voting Labour until they take a hard U turn on immigration

[Anonymous No.29306727]

New to taxes and crypto here, say I cash out 100k for example to my bank from coinbase
How do I go about paying the CGT or is it all done automatically

[Anonymous No.29306732]

>>29306515
>Interesting that you think it would be any different under any other government
As of today, there are only five countries with more deaths per capita; 215 with less. https://www.worldometers.info/coronavirus/#countries

[Anonymous No.29306738]

>>29306185
Outlawing strikes and promoting monopolies is in practise communist policy

[Anonymous No.29306754]

>>29306582
Because it's straight up theft, with income tax you're just paying into the system every month. Who the fuck is anybody to come up to me and demand I give them 94k just because I happened to make myself 500k in my own time with my own money, what the fuck

[Anonymous No.29306784]

tfw too anti-social to ask my "muh morals" accountant to help me move to the cayman islands

[Anonymous No.29306820]

>>29306409
>Catastrophically mishandled response to the pandemic
What should they have done differently?

[Anonymous No.29306867]

>>29297335
>>29297484
>>29297372
>>29297551
>>29297858
>>29298014
>>29298099
>>29299913
>>29300068
>>29299123
>>29300074
>you’ve had 245 years to leave
Stay on your island you dumb fucking brits. No matter we’re you run it’s going to turn to shit. Might as well stay with your families and ride it out. Your best bet is to start doing everything illegally.

[Anonymous No.29306915]

>>29306867
FOY

[Anonymous No.29306940]

>>29306732
Interesting that the UK has many more recovered and less active cases than countries like France and many other nations below

[Anonymous No.29306968]

>>29305721
Baz would vote for Adolf if it wasn't for "fascism bad" meme

[Anonymous No.29307006]

Your bullshitting me if you’re telling me they will chase me up if i hand them £3,500,000 in tax on link gaina.
Sure i bought on margin to accumulate some link from initial 10k stack, to 20k. But i also lost a shit ton on btc on bitmex and chink scams in 2018. I dont have the trading history handy, but i think there isnonway they will give a shit. If i have them their 29% in the tune of 3.5million. No way.

[Anonymous No.29307088]

>>29304411
>who tf do you want? hitler?
please

[Anonymous No.29307118]

My portfolio is soon to break $1 million and those niggers want to take 45% of it?

Does binance have limits on how much bitcoin you can swap to stablecoins without having any KYC levels?

[Anonymous No.29307143]

>>29306660
both parties are pro mass immgration and pro multiculturalism so basing your vote on those issues is pointless. The mass immgration party will always win so there is no point whining about it.

[Anonymous No.29307174]

>>29306727
Get an accountant and never come here for tax advice again.

[Anonymous No.29307179]

>pay tax on selling coins
>move coins into wallet
>sell wallet

Heh, nothin personal kid.

[Anonymous No.29307203]

>>29306754
>Because it's straight up theft
so is income tax. Guy needs work doing and you do it, why should the government step in and take half your earnings?

[Anonymous No.29307215]

>>29307006
could go either way mate. they could shut up because you gave them their cut or they could try and make an example out of people who didn't maintain trading records

[Anonymous No.29307258]

just get a crypto card and cash out 5k everyday from the cash machine

[Anonymous No.29307284]

>>29307143
Agreed, but at least the tories aren't calling for more useless refugees etc

[Anonymous No.29307314]

>>29307284
>inviting millions of hong kongers over

[Anonymous No.29307316]

>>29307179
>taking $400k out the bank in cash won't get flagged

[Anonymous No.29307330]

>>29304411
>You're saying the tories aren't right wing. Christ you're mental mate, who tf do you want? hitler?
Yes.

[Anonymous No.29307369]

>>29307203
Because I like free schools and NHS, but gains tax is ridiculous

[Anonymous No.29307402]

lets be honest, the evil government is more likely to ban crypto than BTC reaching $400k

>>29307258
CGT is accumulated yearly

[Anonymous No.29307451]

>>29307314
>comparing hong kongers who will almost certainly contribute to random africans in Calais

[Anonymous No.29307584]

>>29306820
>What should they have done differently?
Earlier lockdown when it was clear the rest of Europe was going to shit. Closed borders. Functioning track-trace-isolate-and-support before lockdown 1 was lifted. Dido Harding no where near any of it. Safe schools. Not run testing through business consultants. None of all of that bullshit with the tiers. Actually listened to the scientists who recommended a second lockdown in autumn before it all went to shit again (instead of waiting a month for no reason). Planned mass vaccine rollout as soon as they knew it was in trials. Not encouraged people to mingle over Christmas before changing their minds the day before. Not insisted schools would go back in January before changing their minds a day before that too. And more.

[Anonymous No.29307593]

>>29307451
>there's a shortage of chinese takeaways

[Anonymous No.29307647]

>>29307451
>we need immigrants to survive as a nation!!!
>yeah, i voted labour, that does that have to do with anything?

[Anonymous No.29307665]

>>29306867
this. Fellow Americans, press S to spit on Bong graves.

[Anonymous No.29307727]

>>29307451

[Anonymous No.29307812]

>>29307369
>it's okay to tax working people for half their shit so I can benefit but muh crypto gains are mine
get fucked

[Anonymous No.29307831]

>>29307584
None of things can or would happen, you are complete fool and a retard to think you can 'people manage' tens of millions of people to stop a cold

[Anonymous No.29307837]

>>29307314
Millions are invited, millions aren't coming, it'll be a couple hundred thousand over the course of 5+ years, and I'd much rather invite westernised educated Hong Kongers than the other ones

[Anonymous No.29307847]

>>29306732
Isn't that because the NHS is basically classifying 90% of deaths as covid?

[Anonymous No.29307878]

>>29305163
If you haven't made over 12k on crypto by now you're a fuckin retard or you're too late

[Anonymous No.29307877]

>>29307812
I work too dummy, I pay taxes just like everybody else

[Anonymous No.29307882]

>>29307451
fuck the chinks and fuck the niggers too

[Anonymous No.29307894]

>>29306754
I'm a brainlet when it comes ot the economy, but I guess it's to do with the fact that you've gotten richer without contributing to society/GDP???

[Anonymous No.29307972]

I think if they want serious money, then it will have to be a rise in income tax, national insurrence or VAT.

Capital gains doesn't raise as much, only people that care are old people selling a house.

Prepare to get fucked!!

[Anonymous No.29308003]

>>29307584
>Earlier lockdown when it was clear the rest of Europe was going to shit. Closed borders. Functioning track-trace-isolate-and-support before lockdown 1 was lifted. Dido Harding no where near any of it. Safe schools. Not run testing through business consultants. None of all of that bullshit with the tiers. Actually listened to the scientists who recommended a second lockdown in autumn before it all went to shit again (instead of waiting a month for no reason). Planned mass vaccine rollout as soon as they knew it was in trials. Not encouraged people to mingle over Christmas before changing their minds the day before. Not insisted schools would go back in January before changing their minds a day before that too. And more.

[Anonymous No.29308018]

>>29307451
doesn't matter if they contribute or not, they simply don't belong here. It's not an economic matter

[Anonymous No.29308054]

>>29307727
LMAO goddamn

[Anonymous No.29308058]

>>29304411
>who tf do you want? hitler?

[Anonymous No.29308067]

>>29307584


>>29307584
>Earlier lockdown when it was clear the rest of Europe was going to shit.
Fair enough
>Closed borders.
Impossible. London has the most air passengers of any city on the planet.
> Functioning track-trace-isolate-and-support before lockdown 1 was lifted.
Just magic it up out of nowhere?
> Dido Harding no where near any of it. Safe schools. Not run testing through business consultants.
Business faster and better than NHS

>None of all of that bullshit with the tiers. Actually listened to the scientists who recommended a second lockdown in autumn before it all went to shit again (instead of waiting a month for no reason).
>Planned mass vaccine rollout as soon as they knew it was in trials.
Literally the best vaccine rollout in Europe. Used superdrug and boots to store and distribute rather than NHS and proven to be superior.

[Anonymous No.29308099]

>>29307894
>capital investment doesn't contribute to society/GDP

[Anonymous No.29308102]

>>29307831
All of those things literally did happen in other nations. The results were fewer deaths and less economic damage.

[Anonymous No.29308108]

>>29306727asking that question...ngmi, PAYE has people like you so fucking ignorant to how the State has its hand in your back pocket.

You have to do it yourself

[Anonymous No.29308109]

probably a real simple question just struggled finding an answer as capital gains u are taxed on any profits over 11k p/year does anyone know when the year starts

[Anonymous No.29308192]

>>29307203
Because they can, don't like it then only option is to move. Good thing about living in UK is all tax in residence based. Funny how the burgers get fucked when they leave the country.

They'll have to keep it competitive, other wise skilled workers could leave for better oppitunity. Meaning the only ones stuck are the low income unskilled labour.

[Anonymous No.29308207]

>>29307847
>Isn't that because the NHS is basically classifying 90% of deaths as covid?
No. All deaths had a positive covid test within 28 days. In fact, this is likely to produce an underestimate of the actual numbers.

[Anonymous No.29308358]

>>29308102
You are just a dumb materialist who thinks we can just 'copy' other nations. The UK has neither, the economic, political, or social capital to do any of those things effectively or quickly. This is a collapsing, degenerate, debt-ridden nation, and by larping about these plans, you are furthering cementing our death.

Don't expect much though from another Labour midwit

[Anonymous No.29308397]

just move to Portugal or setup a shell in Jersey, Caymans, BVI etc. what 'allegiance' do you have to the UK these days?

[Anonymous No.29308433]

>>29308207
*Using PCR tests.

[Anonymous No.29308557]

>>29298594
>>29299123
how are these people still so retarded when it comes to taxes hahahahahhahahhahahahahahaha it reminds me that IQ isnt a myth hahahahahhaahaha

[Anonymous No.29308635]

>>29307006
Move to a tax haven asap

[Anonymous No.29308665]

>>29297335
Move back to my eatern european country of course, currently my cunt has a 10% tax on crypto so i thought fuck it, i'll cash here, not worth leaving. If they increase it i'm out.
You got too greedy Nigel Shekelstien

[Anonymous No.29308698]

>>29303914
Just an un-warning: I cashed 6 gbp figs in 2019 and got a mortgage easily. I showed my mortgage advisor my bank statements and crypto transactions and he absolutely did not give a shit that I had made it on meme coins. Mortgage application was completed and I moved in within 6 weeks absolutely no issues.

[Anonymous No.29308727]

>>29303914
Give the money to a family member over a period of time and ask them to gift it back to you on the mortgage.

[Anonymous No.29308732]

>>29308433
A PCR cycle threshold of 40 gives about 44% false positives. Event a cycle threshold of 35 tests positive for dead virus presence. The recommendation for PCR, if used at all is a Ct of 30.

[Anonymous No.29308879]

ill want to fucking die man

[Anonymous No.29308931]

>>29304851
imagine unironically having any unrealised losses in this market now

[Anonymous No.29308935]

>>29297335
Can't remember the name of the treaty, but if you've lived in Puerto Rico for 183 days, you qualify as a resident and pay 0% CGT. This should be a part of every burger's made it plan since you don't need a passport and airfare is cheap. Not sure if it applies to brits or other countries, but it's worth checking out. Living in Puerto Rico isn't going to cost a lot to get a nice place by the beach and coast for half the year. If you haven't decided where you want to move to, you can use that time to DYOR and get everything planned and ready when you ultimately cash out.

What's the best region or city to live in Europe that isn't filled with "refugees"? Right now I'm debating between moving to South America, Italy, or an Eastern block country.

[Anonymous No.29308989]

>>29307584
>Closed borders
ok, racist.

[Anonymous No.29309038]

>>29308358
Besides which, the pandemic hoax is simply an attempt to excuse the inevitable economic demise of the UK and the West in general.

[Anonymous No.29309045]

>>29308935
The UK escape route is the Isle of Man

[Anonymous No.29309102]

so wagies are fucked then. theres no easy way i can just move to another country to cash out. i work in finance in london

[Anonymous No.29309127]

>>29309045
PORTUGAL

[Anonymous No.29309175]

>>29309102
Why would normal people be fucked? The only people this fucks over is the asset rich.

[Anonymous No.29309227]

>>29309175
because non-wagies can simply move to another country to cash out
wagies cannot do that

[Anonymous No.29309232]

>>29309127
The EU will put an end to crypto safe havens eventually.

[Anonymous No.29309277]

>>29309175
>The only people this fucks over is the asset rich
Which is exactly why i don't see it happening, these are the kind of people who donate to the Tory party

[Anonymous No.29309292]

>>29308067
>>Closed borders.
>Impossible
No, it wasn't.
>>Functioning track-trace-isolate-and-support before lockdown 1 was lifted.
>Just magic it up out of nowhere?
Singapore had one working in two weeks. Dido Harding's one didn't and doesn't work at all. You'll notice that ministers and the media simply never mention it anymore.
>>Business faster and better than NHS
Testing took too long, track-trace still doesn't work.
>>Literally the best vaccine rollout in Europe
Could have incorporated mass vaccinations in football stadiums, etc. with better planning. The rollout as-is is managed by the NHS and PHE, by the way.

[Anonymous No.29309449]

>>29309227
S&S ISAs still exist though, and most people don't even know about them let alone get to their limits. The only people who need to worry are already rich or people who make high gains on cryptocurrencies. This affects the average person very little.

[Anonymous No.29309686]

>>29309449

This. You can put 20k into a stock&shares ISA per year and even the dividend payments are protected from tax.

If you can afford to put more than 20k a year into what is basically a savings account, then you are not an average wagie.

[Anonymous No.29309816]

>>29308732
The qPCR test for Covid has very low false positive rates, in fact. I'd be interested to know if you have any idea what cycle numbers and Ct values actually are.

[Anonymous No.29309832]

>>29309038
Event 201

[Anonymous No.29309908]

>>29309816
Likewise.

[Anonymous No.29309912]

>>29309038
This.

[Anonymous No.29310405]

>>29305163
So say if my shitcoin moons my stack to 100k from say 20k then I decide to dump it into btc before it crashes back down I'm liable for cgt on 68k of the 80k I made after using up allowance?

What if I then want to cash this btc out into gdp is the remaining sum taxed again?

Also how the fuck do they know how many trades you've done, I don't even remember myself. Can I just cash out the allowance each year from the btc and keep the crypto trades hush hush?

[Anonymous No.29310428]

>>29303230
So you have first had experience viewing the atrocities committed against the british people's finances.

[Anonymous No.29310465]

>>29306867
>you’ve had 245 years to leave
I'm not 245 years old I'm only 27

[Anonymous No.29310521]

He hungers...

[Anonymous No.29310527]

[Anonymous No.29310535]

Ok, set up a Ltd company and cash out to company bank account at reduced business rates. Pay yourself in dividends up to a threshold of your choosing to keep income tax as low as you'd like. If you have a partner, do the same for them so you're getting double at normal income tax rate. When the amount held in the company's bank account is enough to retire on, liquidate the fucker - shareholders only get charged income tax on the final amount which will be less than the new proposed CGT and you'd also receive 10% Entrepreneurs' relief.

Alternatively move to Singapore and cash out there after 6 months residing. The weather is a lot less shit than the UK too.

[Anonymous No.29310598]

>>29297335
I hate being on this cucked island so fucking much. And I wont even be able to make it to get out of this god forsaken hellhole without another 2x because of CGT

[Anonymous No.29310817]

It's true that we have until this December to pay the 2020-2021 capital gains, right?

[Anonymous No.29310859]

It's all on wallets and dexs and it's not reappearing until I'm elsewhere. Fuck Kikes. Maybe an ETH will appear, who knows. Boating/farming accident.

[Anonymous No.29311111]

>>29309292
>>>Closed borders.
>>Impossible
>No, it wasn't.
>>>Functioning track-trace-isolate-and-support before lockdown 1 was lifted.
>>Just magic it up out of nowhere?
>Singapore had one working in two weeks. Dido Harding's one didn't and doesn't work at all. You'll notice that ministers and the media simply never mention it anymore.
>>>Business faster and better than NHS
>Testing took too long, track-trace still doesn't work.
>>>Literally the best vaccine rollout in Europe
>Could have incorporated mass vaccinations in football stadiums, etc. with better planning. The rollout as-is is managed by the NHS and PHE, by the way.

Singapore had experience of SARS brainlet. The infrastructure is completely different.
London has more air passengers than any other city on the planet.
Literally the best vaccine roll out in Europe and Labour started off by crying we detached ourselves from their vaccine strategy. And it relies on the free market to store and distribute.

[Anonymous No.29311127]

>>29309908
After using a reverse transcriptase enzyme to make DNA from the viral RNA, you use specific oligonucleotide primers to amplify virus-specific sequences. The PCR (polymerase chain reaction) occurs in cycles and is coupled to a reaction that changes fluorescence in the sample. Fluorescence is measured in the qPCR machine. The Ct is measured when the DNA amplification/fluorescence change is in exponential phase. Because PCRs are so sensitive, you should trust high Ct values less (at high Ct values, the test will be less reliable). Most positive tests have much lower Ct values. A positive test with a high Ct will just be retested. You're getting your statistics from a tiny fraction of re-tested tests.

[Anonymous No.29311218]

>>29306409
and yet all of that is better than having Labour give our money to the hoards of pakis they'll bring over

[Anonymous No.29311266]

>>29305163
Cunt i've been doing this for a month with 1400£ and i made 4k profit already, i have EU citizenship, if i have to pay more than 10% i'm off this fucking island for good, screw Rishi Pajeet and Borisov Rigel's incompetent asses.

[Anonymous No.29311267]

>>29297335
vote for the same backwards government that hates 99% of the population like we always do and hopefully something will change

[Anonymous No.29311345]

>>29310405

You only pay it on GAINS.

Let's say your BTC investment increases by 80k.

80k minus the 12.5k per year leaves you with 68k taxable roughly IF you 'realise' it i.e. convert it to fiat or some other crypto.

Let's say you convert it to ETH for some reason - that's a taxable event -so you'd pay CGT.

If 5 minutes after that, you convert it to GBP, you would hardly pay any (because there would have been hardly any increase in the time you converted the amount from ETH to GBP, if that makes sense).

[Anonymous No.29311505]

>>29306398
Income tax is a method of opression, our version of capitalism is created only to mantain the status quo.
A single land tax the likes of a modernised Henry George one is the only logical and fair method of distributing the tax burden.

[Anonymous No.29311622]

>>29311345
Ah cheers that makes sense.

[Anonymous No.29311846]

>>29301610
>trade millions in crypto to crypto trades
>only have 500 in the bank
How am I supposed to pay

[Anonymous No.29311902]

>>29311846
with your crypto sonny jim

[Anonymous No.29312052]

>>29311622

It's cumulative as well, anon. So if you had 20k in Shitcoin A and you cashed out to GBP at 15k, this would count as -5k towards your total.

It's really only something that you need to worry about if you have a huge balance or if you're regularly swing trading in 4 figure amounts (because that will eat the 12.5k allowance up fast)

[Anonymous No.29312369]

>>29309449
>>29309686
As far as i know you can't use ISAs for crypto, you would have to cash out, pay tax and then put that money into an ISA

[Anonymous No.29312377]

>>29303813
Its not. Its total shit from someone who obviously knows nothing about icu's, covid or medicine in general

[Anonymous No.29312610]

>>29311111
>Singapore had experience of SARS brainlet. The infrastructure is completely different.
Presumably the infrastructure was also completely different all of the other countries in the world that aren't top six in deaths-per-capita?
>London has more air passengers than any other city on the planet.
Sequencing data shown that air travellers seeded new cases of COVID in the UK during lockdown 1. This led to even more prolonged lockdown. It was a balance between the airline industry, and lives plus *literally every other industry*. The borders should have been closed.
>Literally the best vaccine roll out in Europe and Labour started off by crying we detached ourselves from their vaccine strategy. And it relies on the free market to store and distribute.
The AZ vaccine was developed at the University of Oxford with public funds. Europe has fucked-up distribution, but that belies a bigger question. Why do vaccine doses seem scarce? Why is the vaccine production capacity of the world apparently only sufficient to produce enough to be profitable, not enough to produce a surplus?

[Anonymous No.29312837]

>>29312369

Yeah, you can't. But for shares, funds etc., good to go.

Point I was making is that if you're in the position to be maxing out your annual ISA allowance (people move onto GIAs when they do), then you're already loaded.

[Anonymous No.29313037]

>>29297484
>>29297858
>>29300068
>>29300074
>>29300659
>>29302558
>hurr I’m going to leave the country if tax goes up!
Shut the fuck up you’re not going anywhere. You’re stuck on this shitty island like the rest of us

[Anonymous No.29313095]

>Singapore had experience of SARS brainlet. The infrastructure is completely different.
Presumably the infrastructure was also completely different all of the other countries in the world that aren't top six in deaths-per-capita?
>London has more air passengers than any other city on the planet.
Sequencing data shown that air travellers seeded new cases of COVID in the UK during lockdown 1. This led to even more prolonged lockdown. It was a balance between the airline industry, and lives plus *literally every other industry*. The borders should have been closed.
>Literally the best vaccine roll out in Europe and Labour started off by crying we detached ourselves from their vaccine strategy. And it relies on the free market to store and distribute.
The AZ vaccine was developed at the University of Oxford with public funds. Europe has fucked-up distribution, but that belies a bigger question. Why do vaccine doses seem scarce? Why is the vaccine production capacity of the world apparently only sufficient to produce enough to be profitable, not enough to produce a surplus?

Experience of SARS gives the infrastructure to deal with similar events. I don't know how to explain this to you because you're obviously dense.

Of course air travellers seeded new cases. However the sheer volume of traffic that comes into this country can't be ignored. It is simply not possible to cut off the MOST CONNECTED CITY ON THE PLANET off from the rest of the planet entirely.

VACCINE ROLLOUT BEST IN EUROPE. EU is a trading organisation that somehow concluded paying less for vaccines, later than everyone else, would get them a better deal, and your Labour party complained we didn't get involved in that retarded notion. We bought huge stocks of every vaccine going, and in the final figures, we'll be doing better than Western Europe.

[Anonymous No.29313162]

How the fuck is capital gains tax even justified?

>wage slave
>get taxed on your wages
>try to not be a retarded wage slave and invest
>take all the risk
>make gains
>get taxed again

???????

[Anonymous No.29313201]

>>29312610
>The borders should have been closed
trump closed his borders for china and was called racist in the time period you're suggesting they should have been closed

[Anonymous No.29313220]

>>29313162
the rich!

[Anonymous No.29313228]

>>29312610
>Why is the vaccine production capacity of the world apparently only sufficient to produce enough to be profitable, not enough to produce a surplus?

It will produce a surplus. Industrial output is lower at the beginning of a major events, then increases to surplus as kinks are worked out. In both world wars, industrial output was nowhere near enough at the beginning, and way above what was needed at the end.

I don't think you take much interest in business or finance.

[Anonymous No.29313271]

>>29297335
just leave that shithole

[Anonymous No.29313273]

>>29310817
Could someone please answer this? I think I read it on the HMRC website.

[Anonymous No.29313307]

>>29313162
>buy something with the taxed gains from the taxed salary
>get taxed on the thing you buy
Fucking triple dipping on your wagie crumbs, fuck taxes and fuck anyone who thinks there should be more

[Anonymous No.29313366]

>>29312837
Besides the point of the thread. This is taxation without equal rights, if crypto is going to be considered an investment asset and taxes as such yet not given the same opportunities then i will move it out of the country and cash out there.

[Anonymous No.29313442]

>>29302152
>>29302152
I thought this was only applicable if you already declare taxes.

correct me if I'm wrong.

pic rel

[Anonymous No.29313460]

>>29313037
I was lucky enough not to be born on this shitty island Anon, i get the best of both worlds.

[Anonymous No.29313591]

>>29313366

It is considerd an asset. And it's given the same rights as any other investment held outside of an ISA wrapper.

If your issue is 'you ought to be able to hold crypto in an ISA', then yeah, I agree. But the CGT levied on crypto as it stands, isn't any different than that levied on normal shares.

[Anonymous No.29313648]

>>29313162
Any tax other than land tax is a method of opression and enslavement Anon. Taxing the work and productivity of a person instead of assests that where not created by man but who's value is given by society as a whole is a perpetual violation, a leash and whip that we've grown used to.

[Anonymous No.29313906]

>>29313273
To report it, yes. Once reported HMRC will usually send you a letter with the payment date so you won't be paying until 2022.

[Anonymous No.29313996]

>>29313591
So it's considered exactly the same except you don't get the benefit of an ISA because of no reason. So how is that the same rights for the same tax?
>these two fishes get exactly the same thing! Just this one is not allowed in the water! See? Its fair
Yhea, sorry Rishi, you wont be seeing any of my shekels

[Anonymous No.29314062]

>>29313037
I never said I was leaving, I'm going to whine and bitch

[Anonymous No.29314213]

>>29313906
Cool, I've just done my capital gains and I shouldn't have to pay much. It seems Irish to pay capital gains before the end of the tax year so I'm glad it's not that. But it's good that I've done them to see what I have to pay.

[Anonymous No.29314282]

>>29313095
>Experience of SARS gives the infrastructure to deal with similar events. I don't know how to explain this to you because you're obviously dense.
Track-and-trace in the UK has been an abject failure. It's absolutely necessary to control the virus, and they fucked the dog. They've had a year. It's sheer incompetence.
>Of course air travellers seeded new cases. However the sheer volume of traffic that comes into this country can't be ignored. It is simply not possible to cut off the MOST CONNECTED CITY ON THE PLANET off from the rest of the planet entirely.
It absolutely was possible, they just didn't do it.
>VACCINE ROLLOUT BEST IN EUROPE. EU is a trading organisation that somehow concluded paying less for vaccines, later than everyone else, would get them a better deal, and your Labour party complained we didn't get involved in that retarded notion. We bought huge stocks of every vaccine going, and in the final figures, we'll be doing better than Western Europe.
In fact, the issue in Europe was that AZ decided to distribute vaccines where they were made. Several of the european production facilities had problems. Could easily have been the other way round.

[Anonymous No.29314287]

>>29313996

Because it's a relatively new investment type, let's be honest.

HMRC barely understand this shit as it is; they're not going to accord it the same rights as normal investments overnight, anon, but I see where you're coming from.

I will buy you a pint in Lisbon.

[Anonymous No.29314344]

>tfw you will never max your ISA and never have to worry about CGT

[Anonymous No.29314463]

>>29313201
Yes. Also, note that Trump didn't close borders to all countries with covid, which defeated the point.

[Anonymous No.29314543]

Who here is moving to Portugal when they make it?

[Anonymous No.29314576]

>>29313648
This. It's fucking annoying how pro-tax people are, it's economic cuckoldry. They don't realise how the state is not for their benefit but for the elite.

[Anonymous No.29314672]

>>29314287
And yet they where fast in finding a method of taxing it but it sure does take them a fuckload of time to allow ISAs? Come on Anon, you know better than this, we've grown so used to the leash that we barely even groan anymore when it tightens again.
I'll be in Romania, i already have enough made to live like a king for a decade. There's a 10% tax on crypto but a good accountant makes it 5%. If Rishi raises anything he forces me out. The leash is tight enough.

[Anonymous No.29314720]

if they want more money how about they tax genuinely retarded shit like pro footballers wages or other celebrities

[Anonymous No.29314740]

My Dad lives in Cyprus, I wonder what the tax situation is like there

[Anonymous No.29314920]

>>29314543
Portugal and ETF's for me if I can get to 300K

[Anonymous No.29314967]

lol at the lockdown cucks ITT. Boot licker.

A year ago none of them had even heard of the idea and if you'd have suggested it they'd have said it was an outrageous, disproportionate and damaging response.

But the BBC goes deep in their ass and within a week they think it's best idea ever. Fucking commie scum.

[Anonymous No.29314972]

>>29314543
>Who here is moving to Portugal when they make it?
Portuguese /deenz/ are the best in the world, it was meant to be.

[Anonymous No.29315002]

>>29313228
>Industrial output is lower at the beginning of a major events, then increases to surplus as kinks are worked out
If we're talking tanks and guns that's probably true. If we're talking things required in tiny quantities per-person, there's no reason it should be.

[Anonymous No.29315027]

>>29314672

The ISA aspect if more about 'commodifying' it.

Like if you open an ISA with a pension provider, the shares are held on their platform, the trades are easily trackable etc. Different kettle of fish trying to do that when cunts are moving from Coinbase to wallets to Binance etc., trading something that - from an outsider POV - is harder to keep tabs on. Can it be done? Sure. But they're a bit away yet from considering crypto exchanges on par with shit like Aviva.

I hear you though.

[Anonymous No.29315113]

>>29314543
Portugal is good but i'm thinking Belgium myself personally, although I imagine porty might be the easier option to actually get into, good thing we kept our oldest allies around eh?

[Anonymous No.29315185]

>>29314920
You can get some decent property for cheap in the Algarve if you don't mind a spot of renovation.
What ETFs are you thinking?

[Anonymous No.29315262]

>>29315185
Oh man I love algarve

[Anonymous No.29315301]

>>29314972
Based and deen pilled

[Anonymous No.29315380]

>>29314576
A state is a necessity but why tax labour and productivity? Probably because our version of capitalism has been fine tuned by a landed aristocraticy to exploit working classes yet most people are so against updating it, they take from themselves to give to themselves but a lot less because you have to pay the goy tax, and the leash tightens year by year.
There's simply nothing fair about the ways things are today.

[Anonymous No.29315388]

>>29315113
Belgium would be convenient but boring imo. No real scenery. A country of motorways

[Anonymous No.29315399]

>>29302208
53k a year gets you a super comfy lifestyle in portugal tho especially if you buy a house outright

[Anonymous No.29315470]

>>29315262
Never been to Portugal. Looks heavenly

[Anonymous No.29315542]

>>29315027
>pay your tax, we can't track you so no point in trying to hide it or you'll go to prison
>ohhh an ISA? Nah we can't, too hard to track, Boris' buddies haven't bought bitcoin yet, we'll get around to it then

[Anonymous No.29315714]

>>29315388
I have a few mates there and stayed with them for a bit last summer, super comfy shit, everyone just chills in old pubs and builds second houses casually.

[Anonymous No.29315816]

>>29315714
Does Portuguese differ much from Spanish?

[Anonymous No.29316079]

>>29315714
Houses are so cheap. Mildly third world like but that gives a certain charm