Cryptocurrencies

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Go with your head, not your heart Woolly.

You`ll be doing him a favour in the long run, as the next thing you know, he`ll be trying to buyEverton off the Mosh and Bill, using that dirty nonce money of his.

It`s bad enough having Sam as manager, without Kev polluting the club even more.

Sound advice that mate, I'd be doing it to save the club, and the club is more important than an internet poster on the forum.
 

Absolutely mate, your 40 coins which cost you about 30k GBP are currently worth something like 450k, which is a staggering return.
Obviously when you cash them in you'll have a hefty CGT tax bill to settle, but that's a relatively small price to pay.

I trust you will be declaring any profits you've made on any sales you've already made mate ?
I’ve bought and held from the get go so no sales to report and none likely for the foreseeable.
 

I’ve bought and held from the get go so no sales to report and none likely for the foreseeable.


Good man.

Just remember to bear in mind the tax implications when you do sell a few, especially if you're going to use the proceeds to pay your mortgage off, which will mean transferring any proceeds into the UK so the taxman will be sniffing around.

With wealth, comes a whole new set of problems, but they're better problems than the ones associated with poverty.
 

Good man.

Just remember to bear in mind the tax implications when you do sell a few, especially if you're going to use the proceeds to pay your mortgage off, which will mean transferring any proceeds into the UK so the taxman will be sniffing around.

With wealth, comes a whole new set of problems, but they're better problems than the ones associated with poverty.

Least it's only capital gains tax 18%, I was thinking he would have to pay 40%.
 
Correct, and I, literally, have a little black book from my moderating days :coffee:

On the one hand, it would be wrong to abuse the personal details gained from those days, but, on the other hand, as a loyal citizen and taxpayer who's paid his fair share of CGT over the years, it would be wrong not to help HMG collect taxes from the wealthy.

I'm in a real quandary here.

Cut him a deal. If he pays council tax, you won't report him.
 

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