Mehdi
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I'm aware the sale of a crypto asset to GBP is a taxable event and I'm hypothetically looking to avoid paying capital gains tax.
Is it possible to simply purchase a property abroad using the actual crypto currency directly and therefore not triggering a taxable event anywhere?
Effectively purchasing a holiday home in a country of which I am not a tax resident. Or am I still liable to pay capital gains tax in the UK because I am still a tax resident here.
The thing that appealed to me about Crypto was being able to have control of my coins. Ultimately it seems whatever path I take I end up having to navigate taxation on Fiat.
Any advice would be appreciated. Iv had a Google and honestly I'm still none the wiser.
Thanks
Is it possible to simply purchase a property abroad using the actual crypto currency directly and therefore not triggering a taxable event anywhere?
Effectively purchasing a holiday home in a country of which I am not a tax resident. Or am I still liable to pay capital gains tax in the UK because I am still a tax resident here.
The thing that appealed to me about Crypto was being able to have control of my coins. Ultimately it seems whatever path I take I end up having to navigate taxation on Fiat.
Any advice would be appreciated. Iv had a Google and honestly I'm still none the wiser.
Thanks