RE: Living From Cryptocurrency In Germany? A Reality Check

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The situation is much worse in the UK. Ebery time you exchange one crypto for another it's a taxable event. There are even rules to prevent you selling it in the last month of the tax year and then buying it back at the beginning of the next one. There is a lot of talk in UK tax discords about moving to places like Portugal or Malta so as not to have to pay capital gains tax on crypto earnings.

However, you have to live abroad for 5 years before you can choose tax in another country and you can't have abiding ties in the UK while you do so.

Add to that the government has said they may reduce the capital gains allowance substantially in a couple of months and things are not looking good. 😢

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I expect similar things to happen here as well, eventually.
Governments don't like cryptocurrency. It allows the average person to break the hamster wheel and achieve financial freedom and that's about the last thing our governments want to see happen... ;-)

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Another reason to be cautious in thinking about moving abroad I think. Especially to places like Portugal who, at the moment, have favourable tax rules. As you say, that could easily change.

If moving abroad I think it needs to be to somewhere that specifically states that it's crypto favourable. Imagine moving your life and then 4 years down the road your new Government changes it's mind before you reap the rewards. 😂

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Aye, that would really be the worst case.
Also, I like it in Germany, I have a lot of friends here, and I'm not prepared to leave that behind... yet ;-)

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