I think primarily because CoinCorner are located there. 

 Humankind won. 

My sacred vow was to save as many humans as possible. To bring world peace 🕊️ 

99% of humanity has been controlled by the tip top 1% since … ALWAYS. 

Many of us have fought lifelong for others & we have come together to create a more perfect union. Viva La Love Revolution 🫂
—-
Frog 🐸 means: Forever rely on God to some. Whatever one believes is a God is their choice. Not on me to tell anyone what is right for them. Though I hope they lead with love ❤️ 

While we accept all humans have value, it doesn’t mean we will all have the same roles nor should we. #Love #Winz #always  

 HMRC are very good at getting everything wrong. 

https://image.nostr.build/f2c526638f2bdc6fc1206c5efa504938ba0fa6c631371943de141ac29f5d99f9.jpg 

 Thanks for this.

I am not discussing CGT 

I am discussing CGT on unrealised gains.

This is what happened to Roger Ver. 

He paid all his taxes correctly and left the US.

However, he left holding undeclared Bitcoin, which even at that time had made an unrealised profit.

He is being held in Spain for not declaring his Bitcoin and not paying CGT on his "unrealised gains" as of 2014. 

He is not liable, however, for the gains that BTC has made since 2014.

While the UK is a different regime, the same applies here. 

The only difference with BTC is you can take it in your head or on a piece of paper. You cannot take a second home with you.
 

 Can you link to something that supports that *unrealised* CGT is a thing in the UK? I've not found anything that says it is unless you dispose of the asset in which case, that's realised, not unrealised. 

 https://assets.publishing.service.gov.uk/media/5b3f270040f0b678c91a2aa6/Explanatory_note_for_Payment_of_CGT_exit_charges.pdf 

 Not a great link, but my solicitor and account have shown my printed documents, if I get electronic copies I'll make them public. 

 Professionals don't like it when you ask them to prove what they are saying 😂  

 This explains it in a roundabout way:

Held-over gains

Before leaving the UK, it is important to check whether an individual’s switch to becoming non-UK resident/non-UK ordinarily resident will trigger previous CGT liabilities that they have deferred by the use of holdover relief. If you  leave the UK within 6 years of receiving a gift that you elected to hold over the gains, a CGT charge could be triggered on the whole of the held over gains. 

https://trinityfinancial.ie/leaving-the-uk-capital-gains-tax-implications/ 

 Thanks. This seems to check out. I've added it to my thought processes. 12 days to immediate CGT changes. That's not much time to make a decision.  

 I’ll be on a boat in the middle of the Atlantic en-route to St. Kitts & Nevis.

No, I’m not going to have a boating accident, it’s a cruise ship with 5,000 passengers onboard 😂 

 This sounds to my (totally non-educated) ear as a potential misunderstanding. These kinds of misunderstanding are quite common even among professionals, as they are often trained to work and think within one jurisdiction and not look at the big picture - which can be totally different.

I've been there, almost listened to the advice of "certified professionals", and I've been able to avoid costly mistakes by being extremely meticulous and searching for better advisors until someone really knows what they're talking about.

That part you copied seems to be about an _existing_ tax liability that just needs to be settled at some point. Moving switches  that "some point" to be immediate, as they don't let you postpone it into the future after you leave. If so, it's not an exit tax, just "settling current accounts".

There is a similar confusing reference to an "exit tax" in this video:

https://youtu.be/XD_97P_L7GA?t=285

...where it seems that _existing_ profits of a company are taxed when the company exits the UK. That's understandable and not an "exit tax" - just the settlement of existing liabilities at that moment. Those taxes would have been due anyway, just later.

I don't see anything about extra taxes incurred because of exiting, except in those future plans.

Again, I might be wrong about any of this, but so can the "professionals" - worth checking thoroughly with multiple professionals before you pay too much! 

 Yes, you've hit the nuance on the head. It isn't an exit tax, but it is a tax that you incur by exiting as you are settling a tax bill you would've had if you'd sold the appreciated assets at the point of leaving.

I found it very difficult to explain that nuance without calling it an exit tax, which caused the discrepancy as others correctly pointed out there is not exit tax.

As you've gone through a similar journey, I always like to ask people, do you know anything I don't know, but should?

Have a great weekend and thanks

 

 Oh, I don’t have ill will,  I do things my way and I talk about how I do them. That’s all and I agree with you most everything that you say here I am just simply having conversations that’s why I like Nostr because we can have these long form discussions. 

I love bitcoin I like talking about bitcoin with others. I appreciate absorbing your views, and I appreciate you taking the time to write them out.  

I have no agenda, other than pushing bitcoin forward in every possible way.  

Of course I liked your original post. That’s why I commented is because we are really building tools that are outside of the traditional systems.  

And for me, it’s not about subverting government overside or anything. It’s just about the fact that I don’t like my information appearing in someone else’s accounts whether that be a centralized exchange or a face-to-face trade I still prefer cash.  

And honestly, I just want people to start learning and studying bitcoin it’s also important to understand why bitcoin was created in the first place and that’s why I believe that we are all taking steps to educate and help others on their path. 

 Agreed 💯

I wish you the best of luck with your project.

Also FYI, I had to switch from Primal desktop to Damus iPhone just to find the 100% emoji.

There’s still a lot of work to do 😂 

 I have a love hate relationship with primal and I often switch between the 2 :) 

 I think currently one of the biggest challenges that we face for adoption is the fact that most ways people  reccommend to buy bitcoin require a lot of permission and a lot of waiting you need to submit your IDs your electricity bill take a selfie and then you have to wait. 

This is quite hard for most people and puts up unnecessary red tape that people shouldn’t have to jump through just to buy $50-$100 worth of bitcoin. This is what I’m against I believe that KYC and these practices hurt adoption. 

I think it should be easy to buy bitcoin and I think we should have an ability to buy it with friends and friends of friends in a trusted way so that we don’t get scammed, but also we want to grow the bitcoin economy. We want to show people how you can earn money in bitcoin. 

We all have a story of riding in the back of a taxi in orange pilling, our taxi driver and sending them bitcoin, but no one prepares them for the hurdles that they face to be able to either sell that bitcoin or buy more. 

That’s why I like local bitcoin communities, and meet ups  

I don’t believe that I’m blinded by my agenda or my mission. I have one and I’m doing everything I can to educate others on what I believe. 

If we truly believe in value for value, I think it’s actually a very positive thing to seek out people in your community who you would like to cooperate with and pay for goods and services and bitcoin with. 

It’s like my cleaning lady. She’s great and overtime. We began to talk about bitcoin while she was hesitant at first I agreed to start paying her what we agreed on and then tipping her a little extra in bitcoin because I really value what she does and I want to give her something that I value. 

This is the way, use whatever tools work best for you and I love having options.