[ 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: 140 KB, 960x629, british-policer.jpg [View same] [iqdb] [saucenao] [google]
25972171 No.25972171 [Reply] [Original]

>You made quite a lot of money from that computer money thing, that will be a 40% capital gains tax

>> No.25972207

>>25972171
Bullocks

>> No.25972249

>>25972171
>send my bag to an exchange in Thailand
>spend my money on hookers and ladyboys there instead
Fuck off ya cunt

>> No.25972280

>>25972171
No.

>> No.25972286

still 20% atm

>> No.25972328

just move to Gibraltar for one year and zero taxes + better weather

>> No.25972369

>>25972171

Fuck off yank its 20% cunt

>> No.25972466

if they unironically raise capital gains in the US im out
20% was annoying but small enough that i could stomach it
any more and its worth the hassle of moving

>> No.25972471
File: 119 KB, 537x509, 1610459974168.jpg [View same] [iqdb] [saucenao] [google]
25972471

>>25972369
>implying that the paki chancellor won't jack it up to 40% to pay for the gibs to nogs and pakis

>> No.25972537

Jokes on you, I'm well under the 12,000 personal allowance

>> No.25972595

>>25972471
He wouldn't fucking dare, people don't vote in tory to raise something like CGT

>> No.25972606

if you're making enough to pay 20%, you don't care

>> No.25972690

>>25972171
>wait until April 5
>take out 12k
>take out 12k two days later
>tax: 0%
>use 24k to go to Portugal
>take out 100s of k
>tax: 0%
Probleme, HMRC?

>> No.25972693

>>25972595
This, although he will if he knows Conservatives will become unelectable for the next 2 elections over their fucking rona handling

>> No.25972796

>>25972606
> be me
> make £50k
> £12.3k CGT Free
> Pay 20% on £37.7k = £7,540. Keep £30,140
> Pay 40% on £37.7k = £15,080. Keep £22,620

Ya anon that amount difference there could be another 6 months of NEETing

>> No.25972843
File: 73 KB, 1000x712, 1525624004543.jpg [View same] [iqdb] [saucenao] [google]
25972843

>>25972595
>>25972693
>He wouldn't fucking dare, people don't vote in tory to raise something like CGT
>he thinks that the tories are still tory

>> No.25972844

>>25972693
>conversatives

gibs for fucking everyone, fuck the debt and fuck integrity

>> No.25972866

>>25972328
I might unironically do this.

>> No.25972913

>>25972866
Or, incorporate a company in Jersey, transfer the entirety of my holdings to it under trust in exchange for the entire share capital of the company being transferred to me. Liquidate the company? Any lawfags know if this will work?

>> No.25972923

Sorry glowie, Mine’s in Monero.

>> No.25972930

>>25972693
wait until Dems get their chance, they'll fuck it up like everything else they touch

>> No.25973017
File: 175 KB, 727x727, GettyImages-157337212-727x727-c-default.jpg [View same] [iqdb] [saucenao] [google]
25973017

>>25972171
>*pulls out diplomatic passport*
>"Oi, fuck off cunt, don't you see I got diplomatic immunity? I ain't paying shit, now fuck off before I pull out my Glock 19 and shoot you straight in the head in the middle of the street with witnesses and legally get away with it."

>> No.25973022

>>25972595
Conservatives are controlled oppoisition, they are cultural marxists just like labour.

>> No.25973042

>>25972328
It's a fucking crowded shithole. You ever been there?

>> No.25973215
File: 40 KB, 578x572, tugafrog.jpg [View same] [iqdb] [saucenao] [google]
25973215

>>25972171
crypto tax? never heard of it

>> No.25973259

>>25972328
not how it works

when you give up your tax responsibility your assets are considered sold at current price, and you owe taxes on that amount

>> No.25973474

>>25972171
try 50%

t. Denmark, FML

>> No.25973741
File: 6 KB, 250x249, f60.jpg [View same] [iqdb] [saucenao] [google]
25973741

>>25973474

>> No.25973747

There is a 12500 tax free limit, after which point it depends upon your tax bracket you are in. So if you earn the average of around £30k and decide to withdraw £40k in crypto tax equals £3500.

So you would keep £36.5k of the crypto you withdrew (91.25%). Effectively boosting your post tax income to £60k. As a comparison someone on £100k wage gets about £66k after tax.

Put £20k of that a year into a stocks and shares ISA for 4 years and you should have around £100k in tax free savings. Invest this money in a buy to let property and repeat.

Once you have two buy to let properties put them both out on Airbnb and make about £30k a year doing almost sweet FA.

Considering most of you on here are mid 20's you could be financially free by your mid 30's bases upon the above. Whilst paying minimal tax.

>> No.25974012

>>25973017
Isn't the Quran the new diplomatic passport in Bongland ?

>> No.25974470

>>25973474
At least you don't have a gay almost 1% wealth tax.