@@Lucas-j5u8t Nah, I wouldn't count Coin Bereau as one tbh since he lives in Dubai. Kiran Kaur has done videos about Crypto tax but wouldn't really call her a "crypto channel"
Another great video.. Can you do a video on when we do sell what exchanges including DEXs and CEXs to sell and how to transfer funds and which ones and methods are the best. I think this will be very helpful to many crypto users
Very sound advice! I’m also assuming peak bull run around Q4 2025 but cautious of a change in cycle patterns so likely take profits earlier and focus on specific price targets rather than timelines ($ADA & $ERG mainly)
Hi James - Brilliant content once again. For UK citizens, can you post a video of how to withdraw funds to their bank account. The use case here is that: As a Investor, hypothetically if make 1 million pound, how do i withdraw 1 million into my bank account. What should be the strategy ? Do i withdraw daily £10,000 or a lower amount ? A video would be really good mate!
I'm selling some of my stash incrementally on preset days. Hopefully, I'll get a decent average. Having predetermined selling dates will hopefully take the emotion out of it. Thanks for your videos and commentary
On your buy-sell-buy projection, you didn’t account for Capital Gains Tax. You wouldn’t have the full ‘£55K’ to reinvest at the next cycle bottom, so wouldn’t be able to buy 2.75 BTC. I appreciate that you were simplifying the principle, but imo, it was worth mentioning that CGT would likely be liable upon the sale at £55K.
Having thought about it a little more, I realised that I was somewhat mistaken and that you could actually flip the entire 55K back into buying back in. While the first sale would accrue a tax bill, it wouldn’t necessarily be due immediately. So long as the sale (taxable event) was tracked, the tax on that first sale could be payable by later selling a portion of the 2.75 BTC, when self-declaration period is due. (Obvs, the sale of the BTC to pay the CG tax bill would itself constitute a taxable event, so there’s that to consider too.) It depends on when each transaction occurs in the tax period, but the smarter option is definitely to prioritise directing the funds back into accruing the assets, and deferring the tax bill till as late in the tax period as possible. This approach should leave you holding as much BTC as possible after having paid any CGT due. (The above is wrt the UK CGT landscape.)
Um… the content of this video does not match the title James… at no point did you describe “the best crypto strategy” you just listed the multiple possible strategies…. If you click bait too much you will lose viewers.
Breath of fresh air to find a British crypto youtuber that isn't a scammer
Do you know of anymore reputable British crypto channels or advisors?
@@Lucas-j5u8t Nah, I wouldn't count Coin Bereau as one tbh since he lives in Dubai. Kiran Kaur has done videos about Crypto tax but wouldn't really call her a "crypto channel"
Thanks, really appreciate it. Just trying to add as much value as possible while promoting the crypto space
One day I'll be in contact with this guy for his services
Great Video
Thanks, glad it was useful!
Thnx JAmes... .BTC hit 92k today
You're welcome! Yes, it was under 54k in September...
Excellent advice, very succinct and covers the subject really well. Well done ☺️👍
Thanks very much, glad it was useful!
Another great video.. Can you do a video on when we do sell what exchanges including DEXs and CEXs to sell and how to transfer funds and which ones and methods are the best. I think this will be very helpful to many crypto users
Very sound advice! I’m also assuming peak bull run around Q4 2025 but cautious of a change in cycle patterns so likely take profits earlier and focus on specific price targets rather than timelines ($ADA & $ERG mainly)
Very informative video so easy to get caught out can be over whelming when the market rockets.
Thanks, glad it was helpful!
holding vs taking profits section - any tax implications for selling were not taken into account
True, thanks. I did work it out at a BTC price of just over $80k though, so the gain will be higher now if anyone sold...
Excellent video, thank you
Thanks, glad it helped!
Hi James - Brilliant content once again. For UK citizens, can you post a video of how to withdraw funds to their bank account. The use case here is that: As a Investor, hypothetically if make 1 million pound, how do i withdraw 1 million into my bank account. What should be the strategy ? Do i withdraw daily £10,000 or a lower amount ? A video would be really good mate!
Thank you. Does anybody know if you can offset charity donations in crypto before you have to pay capital gains tax?
I'm selling some of my stash incrementally on preset days. Hopefully, I'll get a decent average. Having predetermined selling dates will hopefully take the emotion out of it. Thanks for your videos and commentary
Great stuff. Keep up the good work
Thanks, glad it was useful!
dollar cost averaging
Thank you
My pleasure!
Thanks for this James.
My pleasure, glad it was of use!
Great video once again , I was wondering if you have done a video on the iso messaging standard and what it means for crypto, thanks
Thanks, glad it was useful! No, I haven't done a video on ISO 20022 etc.
Thanks dude.
No problem, glad it's helpful!
On your buy-sell-buy projection, you didn’t account for Capital Gains Tax. You wouldn’t have the full ‘£55K’ to reinvest at the next cycle bottom, so wouldn’t be able to buy 2.75 BTC.
I appreciate that you were simplifying the principle, but imo, it was worth mentioning that CGT would likely be liable upon the sale at £55K.
Yes, thanks for flagging. It depends where the viewer is in the world, but I could definitely have briefly mentioned CGT there
Having thought about it a little more, I realised that I was somewhat mistaken and that you could actually flip the entire 55K back into buying back in. While the first sale would accrue a tax bill, it wouldn’t necessarily be due immediately. So long as the sale (taxable event) was tracked, the tax on that first sale could be payable by later selling a portion of the 2.75 BTC, when self-declaration period is due. (Obvs, the sale of the BTC to pay the CG tax bill would itself constitute a taxable event, so there’s that to consider too.)
It depends on when each transaction occurs in the tax period, but the smarter option is definitely to prioritise directing the funds back into accruing the assets, and deferring the tax bill till as late in the tax period as possible. This approach should leave you holding as much BTC as possible after having paid any CGT due.
(The above is wrt the UK CGT landscape.)
the real big move will come in about 5+ years after gov have tried cbdc , and realise bitcoin cant be beat
What will happen them low tax on crypto profits?
Um… the content of this video does not match the title James… at no point did you describe “the best crypto strategy” you just listed the multiple possible strategies…. If you click bait too much you will lose viewers.
The best clearly depends on your individual goals and circumstances. James did say that.