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/biz/ - Business & Finance

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5127500 No.5127500 [Reply] [Original]

Asking for a friend.
If someone wanted to cash out, how would one move funds around without being subject to any UK tax. Friend is dual nationality in an EU country (Eastern Urop) so can get it into his second country (he doesn't live there, but has passport).
Any advice would be great. I'll pass it on

>> No.5127585

>>5127500
>Buy shit with BTC
>Sell said 'shit' for cash
Or just sell for cash on local bitcoins.

>> No.5127610

Is Jersey a good shout? I hear no CGT on crypto. Anyone Amy experience?
How would one go about it? Would one need to become a Jersey resident?

>> No.5127668

>>5127500
Pay your taxes, piece of shit

>> No.5127708
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5127708

>>5127500
>If someone wanted to cash out, how would one move funds around without being subject to any UK tax.

HMRC are really clamping down on small Tax avoidance. They have new systems in place which can read bank accounts.

Do so at your own risk. In saying that, HMRC are very understanding when it comes to financial management and do not rule over a person who makes the effort.

Sauce: I have a friend who is an accountant (40 years). A client of his hadn't paid tax for 3 years, by mistake. HMRC asked for backdates, then asked for £ 125k in tax.

The accountant went through this guys books and it turned out HMRC actually owed him £ 6,000.00.

>> No.5128033

Anyone got tips on opening an offshore bank account where the taxman or LE can't touch your money?

Asking for a friend.

>> No.5128186

>>5128033
Fire Personal is an app based account. You get a GBP sterling and Euro bank account with IBAN
That's how I transfer to Coinbase (after converting through Revolut)

>> No.5128224

>>5127668
no

>> No.5128250

Just remember, the blockchain is forever and every transaction is public. If you bought through an exchange where you have to give any of your details (bank account, ID, name, address), you WILL be found eventually.

>> No.5128263

>>5127668
Stfu commie.

>> No.5128320

>>5128250
how about if someone mined them? all transactions to main account were from just a mining pool

>> No.5128353

why did steve kerr endorse that product besides money

>> No.5129227

How would an American avoid taxes? Would they have to get involved in the art world?

Asking for a friend.

>> No.5129652

>>5129227
Reno Nevada has no taxes for companies. Set one up and cash out

>> No.5129901
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5129901

>>5127500
making accommodations for all your mudshit guests, i see

>> No.5130491

>>5127500
dafuq man there are at least 3 islands around with those opportunities
Or Eastern euro for 15-19%

>>5127668
Sure. They have been put to a spectacular use, especially in the UK.

>> No.5130608

>>5130491
>3 islands around
Jersey one of them? Do I need to move there, get residency there or something?