comment by palmers_spur (U8896)
posted 32 minutes ago
comment by Edbo (U17933)
posted 39 minutes ago
Anyone know how easy it is to get away with paying capital gains?
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Make sure they are under the limit - £12k or something


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12k annually?

Yes

I’m waiting for a Crypto ISA

comment by Elvis: King of Cult (U7425)
posted 4 hours, 47 minutes ago
comment by Fixtures (U14547)
posted 16 minutes ago
i believe in $1 doge

not a fkin clue what happens after that though
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I don't know what to do. Do I sell now for a 69‰ profit? I surely should. But I'm a greedy te@t.
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So am I, I'm just holding for 12 months. I think I'd hate myself more for cashing out now and missing out on decent money than it crashing and me losing a couple of k.

Think you can lump capital gains into a household now, so 12k for you and your partner.

Also, I'm wonder how likely HMRC are to catch CGs on crypto?

well its gonna end up in your bank one way or another

Hmrc have surprisingly sophisticated detection techniques. If your bank gets credited with a sizeable sum eventually questions will be asked. Bear in mind if you don’t declare it knowingly you can be criminally prosecuted.

We had a client who made profits from bitcoin previously.

Are you an accountant palmers?

Yes mate

Comment deleted by Site Moderator

What if you have 4 wives?

Ever used Xero palmers? We do a lot of work with it.

comment by Busby (U19985)
posted 1 minute ago
Ever used Xero palmers? We do a lot of work with it.
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Our clients use it Busby, and the bookkeeper uses it. I’m not massively keen on it myself.

Do you do accounts yourself ?

Move to Portugal is the other option

Not a bad option if you're loaded

comment by palmers_spur (U8896)
posted 7 hours, 24 minutes ago
Hmrc have surprisingly sophisticated detection techniques. If your bank gets credited with a sizeable sum eventually questions will be asked. Bear in mind if you don’t declare it knowingly you can be criminally prosecuted.

We had a client who made profits from bitcoin previously.
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I got questioned but did anticipate it and the this was years back. HSBC refused to accept the funds full stop and I had to use a different bank. They talked to me as if I was a drug smuggler with illicit fund's and wanted nothing to do with crypto. Awareness has increased greatly but there is no way the checks have relaxed, I'm sure they would've tightened if anything.

Once u have moved what u can feasibly transfer to sock accounts (trusted family etc) it's better to just bite the bullet. Nowadays I wouldn't be surprised if they questioned any large activity on your wallet (s) prior to them calculating what deduction is applicable, so even that may prove more difficult than it was.

The other alternative is to transfer loads of the profits to your crypto bank card, and just spend away on that.

My mate messaged me to say he just put a 100 in something called cumrocket

comment by palmers_spur (U8896)
posted 1 day, 14 hours ago
comment by Busby (U19985)
posted 1 minute ago
Ever used Xero palmers? We do a lot of work with it.
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Our clients use it Busby, and the bookkeeper uses it. I’m not massively keen on it myself.

Do you do accounts yourself ?
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Nah, we integrate with Xero/ QBO API's a lot though

Thinking of a cheeky punt on BitTorrent.

I think the Tron owner Justin Sun bought out the company and created the crypto to monetise the platform.

Very smart, and a lot analysists are very bullish on this one. I actually have £50 worth from dust collecting when I owned Tron.

comment by Busby (U19985)
posted 4 hours, 9 minutes ago
Thinking of a cheeky punt on BitTorrent.

I think the Tron owner Justin Sun bought out the company and created the crypto to monetise the platform.

Very smart, and a lot analysists are very bullish on this one. I actually have £50 worth from dust collecting when I owned Tron.
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How much are you gonna Chuck in? £50?

It’s up like 3000% in less than 3 months. And was up 5000% at one stage. One of those that will either make you rich or poor in an instant tho

Looking at how much some of these alts are up in 3 - 6 months make me feel sick.

comment by Edbo (U17933)
posted 48 seconds ago
Looking at how much some of these alts are up in 3 - 6 months make me feel sick.
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Yeah I hate my job

Just wish I could go back six months and tell myself to stick £10k into doge.

Would be sipping pina coladas on a beach now