Is anyone else starting to become a bit excited?

Lex Luthor wrote: »

any chance of a drop in the CGT in the next govt or govts is gone now with the economy going into meltdown in the next 18months

I'm not even sure why it was necessary in the first place - seeing as it seems they can just print off magic money as needed :-D

any chance of a drop in the CGT in the next govt or govts is gone now with the economy going into meltdown in the next 18months

Lex Luthor wrote: »

just move to the curragh camp, apparently its a tax haven

Over my head, I'm afraid. Thanks for the suggestion, but apart from a reasonable taxation system, I want want some fekin sunshine and warmth again.

cnocbui wrote: »

I'm hoping to move there, just as soon as I can get in a position to offload some useless property.

Perhaps we bitcoin holders should all move to mooncoin, near Waterford.

just move to the curragh camp, apparently its a tax haven

Arrival wrote: »

That'd be great if it's definitely the case. It's just frustrating because I would ideally like to do everything right by revenue, you'd be a bit worried in case there's some kind of setup between Member States. Obviously outside of Europe is a different story

Here is my take on it: The Common Reporting Standard (CRS) works by financial institutions sending details of large deposits and potential income events, to the taxation authorities where the account holder is resident. It is entirely address based. As soon as you are able to change the account's address to a local one, there is no CRS and reporting ceases.

So if I were to move to NZ and then rent or buy a property and get a utility bill or two to satisfy financial institutions that I was physically resident in the country - there is no CRS. This of course doesn't change Revenue's belief they have dibs on all capital gains you might have for the next 3 years, but it does mean they aren't going to find out about them and you can do as you please so long as you comply with local tax law.

Arrival

cnocbui wrote: »

As far as I am aware, the domiciled becomes a practical reality as soon as you have a local utility bill and can register your address as being local with financial institutions. I emphasise 'practical', as I know Revenue have other high-handed ideas they can't enforce.

That'd be great if it's definitely the case. It's just frustrating because I would ideally like to do everything right by revenue, you'd be a bit worried in case there's some kind of setup between Member States. Obviously outside of Europe is a different story. Have to think like, if you move abroad for a couple of years or so, sell your assets and then move back to Ireland wouldn't they find out about the money when you've got it in your bank here?

Arrival wrote: »

Even just the UK's setup is way, way better than ours. 20% is obviously still fairly high but combined with that threshold is at least not a total slap in the face like our own setup. 33% on profits after only €1,270 - I actually get mad even just typing that out, it's outrageous! It's blatantly a **** you to any people in this country who work hard enough to establish themselves in life enough to actually invest their savings, which have already been taxed.

If we wanted to move to one of those favourable countries, it's 3+ years we need to be non-resident in Ireland before we're considered domiciled in them right?

As far as I am aware, the domiciled becomes a practical reality as soon as you have a local utility bill and can register your address as being local with financial institutions. I emphasise 'practical', as I know Revenue have other high-handed ideas they can't enforce.

makeorbrake wrote: »

... have a look at the fine print with particular consideration of domicile vs. tax residency...

Do mean that nonsense of Revenue thinking they can have at your capital gains after you have moved?

Arrival

makeorbrake wrote: »

Germany, Malta, Portugal & Switzerland are options but naturally, have a look at the fine print with particular consideration of domicile vs. tax residency. In the case of Northern Ireland, it depends on your income - so it could be either 10 or 20% - with an initial tax free allowance of £12,000.

Even just the UK's setup is way, way better than ours. 20% is obviously still fairly high but combined with that threshold is at least not a total slap in the face like our own setup. 33% on profits after only €1,270 - I actually get mad even just typing that out, it's outrageous! It's blatantly a **** you to any people in this country who work hard enough to establish themselves in life enough to actually invest their savings, which have already been taxed.

If we wanted to move to one of those favourable countries, it's 3+ years we need to be non-resident in Ireland before we're considered domiciled in them right?

Addison Fancy Macrame wrote: »

As much as I'd love it, it's a bit far for me. Portugal 0% on crypto disposals too, that'd do either !

I'm hoping to move there, just as soon as I can get in a position to offload some useless property.

Perhaps we bitcoin holders should all move to mooncoin, near Waterford.

Addison Fancy Macrame wrote: »

On another note, can anyone confirm the CGT rate payable in UK, specifically Northern Ireland?

I live near the border and I am finding a figure of 10%, which seems too good to be true.

Germany, Malta, Portugal & Switzerland are options but naturally, have a look at the fine print with particular consideration of domicile vs. tax residency. In the case of Northern Ireland, it depends on your income - so it could be either 10 or 20% - with an initial tax free allowance of £12,000.

q85dw7osi4lebg

cnocbui wrote: »

The rate is 0% in NZ

As much as I'd love it, it's a bit far for me. Portugal 0% on crypto disposals too, that'd do either !

The rate is 0% in NZ

q85dw7osi4lebg

Stacked big again today, one more next week and that's it until the halving / for a while I'd say.

On another note, can anyone confirm the CGT rate payable in UK, specifically Northern Ireland?

I live near the border and I am finding a figure of 10%, which seems too good to be true.

aido79 wrote: »

Iota doesn't use blockchain. It uses tangle.

Don't feed our resident troll. He's been eerily quiet the last while. Must be a dose of covid.

aido79

JohnnyFlash wrote: »

Self sanitising using the blockchain as a permanent record that the car was sanitised. Perfect use case for IOTA. The blockchain.

Iota doesn't use blockchain. It uses tangle.

JohnnyFlash

JJJJNR wrote: »

True that could be overcome simply with having a car that self sanitizes itself with UV light for the next user.

Self sanitising using the blockchain as a permanent record that the car was sanitised. Perfect use case for IOTA. The blockchain.

JJJJNR

True that could be overcome simply with having a car that self sanitizes itself with UV light for the next user.

Thargor

JJJJNR wrote: »

tokenisation of a car, makes sense, tesla have said they would prefer if their cars were running 24/7 ie. One car shared between 10 family's going 24/7 might suit a lot of people right now.

Lol, I think the arse just fell out of any kind of "sharing" scheme in recent weeks dont you?

Tezos is really steamrolling this week and I'd say has more legs to it
Good to see BTC breaking the $7500 level. Find support here and we are onto the next zone

JJJJNR

tokenisation of a car, makes sense, tesla have said they would prefer if their cars were running 24/7 ie. One car shared between 10 family's going 24/7 might suit a lot of people right now.

https://translate.googleusercontent.com/translate_c?depth=1&nv=1&pto=aue&rurl=translate.google.nl&sl=auto&sp=nmt4&tl=en&u=https://nos.nl/artikel/2331431-je-kunt-straks-geld-verdienen-met-je-elektrische-auto.html&usg=ALkJrhhSf7jKzDfNZN-v5_xvGuyzB2nTWw

unkel wrote: »

And this Dutch electricity provider is going to use blockchain for this. I guess it will make it open and trackable, but I can't see an awful lot of added value.

It comes into play for micropayments - shuffling payments back and forth. It can provide an easy medium for that specific market. Bring AI into the equation and it can go out and buy and sell throughout the day as and when it makes sense to do so.

Eventually when self driving cars become ubiquitous they can have a wallet and pay for charging, etc using tokens.
It's not clear what blockchain they are referring to in this instance though...?

unkel

Doodee wrote: »

https://translate.googleusercontent.com/translate_c?depth=1&nv=1&pto=aue&rurl=translate.google.nl&sl=auto&sp=nmt4&tl=en&u=https://nos.nl/artikel/2331431-je-kunt-straks-geld-verdienen-met-je-elektrische-auto.html&usg=ALkJrhhSf7jKzDfNZN-v5_xvGuyzB2nTWw

Not sure if this it the right thread, or even the right forum for that

But yeah, that has been on the cards for a long time, is being trialed or in active use all over the western world. Except for Ireland so it seems.

For anyone not bothered to read it: if you have an EV, then the electricity provider will pay you a very high rate for using some electricity from your car at peak times. At night you can load up the car at a very low rate

Same will happen here within 10 years, electricity as high as €1.00 per kWh at peak demand and as low as €0.01 per kWh at surplus renewable generation (think a windy night)

And this Dutch electricity provider is going to use blockchain for this. I guess it will make it open and trackable, but I can't see an awful lot of added value.

Doodee

JJJJNR

Thanks Mr President.

Anjunadeep

nice move in the past hour
BTC back up the 50 DMA

Thargor

Managed to make an additional 8 Ethereum on the last 2 dips by finally growing a pair, Id be a wealthy man if Id done the same thing every time I knew it was going to drop over the last couple of years :cool:

Im going to be milking it like a cow from now on.