Can we AVOID TAX on CRYPTO? Your suggestions explored.
I made a video on Crypto Currency Tax and you told me ways you think we can all Avoid paying that tax.
Let's look at the most common suggestions and see if they will work?
The thing I love most about YouTube is the comments section and true to form. I got some great suggestions on how people think we can legally avoid Capital gains tax on Cryptocurrency. In today's video we look at some of these and explore if they are legitimate ways to reduce the liability and guess what! Some of them are!
As always I am no expert I am just a guy in his loft dishing out opinions and sass. Below is a link to the government website covering all the information on Tax I discuss.
Hope you enjoy and keep the comments coming!
Damo
Blockfi Referral. This is an affiliate link so we both get something if you sign up.
https://blockfi.com/?ref=a72f9d31
.gov links to tax on Crypto
https://www.gov.uk/government/publica...
🎫 Trading 212 free share link
Create a Trading 212 Invest account using this link
https://www.trading212.com/invite/Gba...
or use promo Code: Gbassinv if the link doesn't work
Freetrade free share
https://magic.freetrade.io/join/damie...
My Insta is Damientalksmoney
🕑 Timestamps:
00:00 - There are two sets of rules.
02:25- Using an Exchange that does not share data
03:15 - Leave the UK
05:05 - Losses
07:00 - Sell then buy again
08:10- Spend it like cash
08:48 - Blockfi
11:19 - What i am doing
🎬 Do you want to make videos like me?
The Gear I use:
Background:
https://amzn.to/3fO3ArL
Background stand:
https://amzn.to/2F9vhPo
- Make sure you get the right size!
Tripod:
https://amzn.to/3iq8YmJ
is easily the best tripod I have used. Very sturdy.
Audio:
https://amzn.to/2EmJeJ9
Lighting:
I use this facing me directly, set to the lowest setting https://amzn.to/33Kscj5
I light the backdrop with this:
https://amzn.to/2Dwz4pA
Camera: I currently use a Galaxy S10..
The Visuals:
I use Story blocks for all the sexy B rolls.
The sounds:
Epidemic sound is where I get all my Music and sound effects – for a 1 month free trial click this link! https://www.epidemicsound.com/referra
...
📚 5 books to shape your financial future:
Either click the link for the book or use this link for a free trial on audible and then you can just listen to them all!
https://amzn.to/34ThMy5
The richest man in Babylon:
https://amzn.to/33Icvsq
An engaging tale that teaches the fundamentals of saving and attitudes you should have towards money. I listen to this at least once per year.
A random walk down Wall Street:
https://amzn.to/31CXfud
Let Burton Gordon Malkiel, explain everything you need to know about trying to beat the market.
Rich dad poor dad:
https://amzn.to/2PHweQZ
There is a reason this features on all lists of the best books. You will walk away from this truly understanding the importance of income producing assets.
The Millionaire next door:
https://amzn.to/2Dth13B
I love this book because it destroys the conventional perception that all millionaires are one type of person. Read this and you will so realise being a millionaire is well within your grasp!
The 4 hour work week: This is the book that inspired me to build multiple income streams.
https://amzn.to/2YUSZ8P
📹 My Videos:
Premium Bonds: https://www.youtube.com/watch?v=jVlaV...
The options for investing explained: https://www.youtube.com/watch?v=h2xVk...
How to stop your investments being taxed: https://www.youtube.com/watch?v=kA9W7...
Investing in stocks and shares: https://www.youtube.com/watch?v=yG5pl...
Disclaimer: Any information provided in this video is meant purely for entertainment purposes and does not constitute any form of recommendation, They are simply my opinions. If you want financial advice tailored to your circumstances please consult with a licensed professional.
Видео Can we AVOID TAX on CRYPTO? Your suggestions explored. канала Damien Talks Money
Let's look at the most common suggestions and see if they will work?
The thing I love most about YouTube is the comments section and true to form. I got some great suggestions on how people think we can legally avoid Capital gains tax on Cryptocurrency. In today's video we look at some of these and explore if they are legitimate ways to reduce the liability and guess what! Some of them are!
As always I am no expert I am just a guy in his loft dishing out opinions and sass. Below is a link to the government website covering all the information on Tax I discuss.
Hope you enjoy and keep the comments coming!
Damo
Blockfi Referral. This is an affiliate link so we both get something if you sign up.
https://blockfi.com/?ref=a72f9d31
.gov links to tax on Crypto
https://www.gov.uk/government/publica...
🎫 Trading 212 free share link
Create a Trading 212 Invest account using this link
https://www.trading212.com/invite/Gba...
or use promo Code: Gbassinv if the link doesn't work
Freetrade free share
https://magic.freetrade.io/join/damie...
My Insta is Damientalksmoney
🕑 Timestamps:
00:00 - There are two sets of rules.
02:25- Using an Exchange that does not share data
03:15 - Leave the UK
05:05 - Losses
07:00 - Sell then buy again
08:10- Spend it like cash
08:48 - Blockfi
11:19 - What i am doing
🎬 Do you want to make videos like me?
The Gear I use:
Background:
https://amzn.to/3fO3ArL
Background stand:
https://amzn.to/2F9vhPo
- Make sure you get the right size!
Tripod:
https://amzn.to/3iq8YmJ
is easily the best tripod I have used. Very sturdy.
Audio:
https://amzn.to/2EmJeJ9
Lighting:
I use this facing me directly, set to the lowest setting https://amzn.to/33Kscj5
I light the backdrop with this:
https://amzn.to/2Dwz4pA
Camera: I currently use a Galaxy S10..
The Visuals:
I use Story blocks for all the sexy B rolls.
The sounds:
Epidemic sound is where I get all my Music and sound effects – for a 1 month free trial click this link! https://www.epidemicsound.com/referra
...
📚 5 books to shape your financial future:
Either click the link for the book or use this link for a free trial on audible and then you can just listen to them all!
https://amzn.to/34ThMy5
The richest man in Babylon:
https://amzn.to/33Icvsq
An engaging tale that teaches the fundamentals of saving and attitudes you should have towards money. I listen to this at least once per year.
A random walk down Wall Street:
https://amzn.to/31CXfud
Let Burton Gordon Malkiel, explain everything you need to know about trying to beat the market.
Rich dad poor dad:
https://amzn.to/2PHweQZ
There is a reason this features on all lists of the best books. You will walk away from this truly understanding the importance of income producing assets.
The Millionaire next door:
https://amzn.to/2Dth13B
I love this book because it destroys the conventional perception that all millionaires are one type of person. Read this and you will so realise being a millionaire is well within your grasp!
The 4 hour work week: This is the book that inspired me to build multiple income streams.
https://amzn.to/2YUSZ8P
📹 My Videos:
Premium Bonds: https://www.youtube.com/watch?v=jVlaV...
The options for investing explained: https://www.youtube.com/watch?v=h2xVk...
How to stop your investments being taxed: https://www.youtube.com/watch?v=kA9W7...
Investing in stocks and shares: https://www.youtube.com/watch?v=yG5pl...
Disclaimer: Any information provided in this video is meant purely for entertainment purposes and does not constitute any form of recommendation, They are simply my opinions. If you want financial advice tailored to your circumstances please consult with a licensed professional.
Видео Can we AVOID TAX on CRYPTO? Your suggestions explored. канала Damien Talks Money
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