Absolutely sick to the back of my teeth with the taxes and rules / regs in this country. It really is time to pack my bags, i've been avoiding the decision for far too long.
You can swerve the tax if you hold bitcoin until such a time you’re able to spend it without first converting it to fiat. There is zero chance I’m paying any tax on bitcoin. The whole idea of bitcoin is to circumvent the corrupt money system.
Err don't think so, even if you gift it there is Capital Gains tax (CGT) to pay. Directly paying for goods or services with Bitcoin will still trigger CGT ... this is UK tax at present. No escape I'm afraid.
Great video and very straightforward. I don't see any other perfect time for one to invest in crypto and trade than now. I don't think that buy and hold is a valid investment strategy anymore but trading is worth it and you make more money when you trade correctly. just made my first $100,000 in crypto and I barely know how to express how happy and excited i am right now. It's all about knowing what strategy to apply and when.
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... UNTIL A FRIEND INTRODUCED ME TO MRS. ZAHRA SMITH
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade.. I will advice you not to stop trading on your own it's very risky. Seek advice of a professional trader
Retirement is more challenging now than it used to be. I've focused on saving rather than investing, and currently, I have about $400K. With inflation on the rise, I'm considering investing in stocks, but I'm not familiar with effective market strategies.
Am retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It's so difficult for people who are retired and have no savings or loved ones to fall back on
Planning ahead can really minimize taxes! I've made a smart reinvestments, especially with some great guidance from a pro for a half year now, and it's been a game changer. I was able to reinvest my RMD strategically, and I'm now pulling in about $25k a week, despite doing very little trading myself. It's a nice cushion against financial stress. Best of luck with your RMD decisions!
sadly the people are still slaves to this scam system that makes the rich richer and the poor poorer, hopefully they will wake up and speak about their damn life
Blame the lockdowns everyone so willingly supported back in 2020/21. Government paid out huge amounts and now it wants it's money back. Use to get £12,500 tax free a year and now down to £3000. This is because of the lockdowns.
Income tax, national insurance, council tax, value added tax (VAT) on everything we buy, road tax, fuel duty, inheritance tax. Sick to the bone of this country's taxation 🤮 we give more than half of what we earn in taxes. Disgusting!
@@hpopov How HMRC loose money on crypto taxation? You taking all the risk when investing in crypto. If you lose money, HMRC don't care, but if you will make profit, then you need to pay sick taxes.
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
I agree there's still huge opportunities for newbies in crypto market I just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Gillian Sara sheeran is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
They want to tax people on their investment gains but if you lose your investment they won’t step in and reimburse people! Absolutely bollocks, always on the take!
why should the Government reimburse you for your investments that go wrong? Not trying to cause any argument and genuinely curious as to the logic there.
@@TomsPersonalFinance because it does this when banks fail and covers customers up to 50 grand of losses. In crypto it offers zero protection. So why would anyone pay tax for a service that doesn't exist?
@jamescrosby3431 If I invest in a stock and it goes to zero, I would never expect a penny back from the Government - that is on me. Protection for cash is different and ensures faith in the banking system. Completely different thing.
@@TomsPersonalFinance maybe not but the person who created a Ponzi scheme that stole your investments would be arrested and any assets would be recovered. In crypto there isn't even that luxury. So no crypto investor should be obligated to pay tax.
Thanks for the educative video I'm so glad to share my experience here. I first got into BTC back in 2019 and I was holding/buying sats at different price points. but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 20k and I’m up with 300k in a short period of time .
I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Alex Heinz is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Even HMRC don't know much about Crypto and how to work out gains and there aren't many crypto accountants about because crypto has never been advertised in the UK, my friends no nothing about it....
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life. ❤
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
Excellent video, but at the same time it angers the hell out of me at how evil the UK tax system is 😠!! The economy is crashing at an alarming rate, and the rising cost of living is going through the roof, yet HMRC is squeezing more and more from us regular people trying to make a living!! Absolutely sickening!
Could try a Palau digital residency too and bank off shore but I’d honestly start thinking about emigrating or becoming a digital nomad. The UK won’t quit, not even once they’ve got you homeless, they’ll not even then be happy. It’s a criminal state but most are in denial.
I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve.
"Patterns in financial markets tend to repeat themselves over time. Artur Grandi's book offers valuable insights into stabilizing investments and highlights potential investment opportunities, including within the cryptocurrency market
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
How can one start,most times people don't know where to start when it comes to crypto. But it would be great if you can provide proper guidance on steps to follow please
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Gomez. A widely known crypto consultant
I am from Miami United State🇺🇸, The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.
Seeing my broker talked on RUclips, This was exactly how I got the recommendation about her for the past years. Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in July 2024
Hello everyone I'm new to bitcoin trade and I have watched a lot of videos along side tried some new strategies on my own but all to no avail. Can someone please recommend a trust worthy expert that can trade on my behalf and generate profit for me please😕😕😕
"I suggest you reach out to Mrs. Carolyne Norris. She's the most reliable expert I've come across. She manages my forex account and generates impressive weekly profits for me."
"She’s my trader too. My first investment with Carolyne Norris brought me a profit of over $12,000, and I’ve been trading with her ever since with great results."
"I lost around $10,000 trading on my own before I got connected with Miss Carolyne Norris. She not only helped me recover my losses but also made me a $7,000 profit in just a few weeks. I was thrilled, especially since my spouse was skeptical about investing in forex."
Totally had enough of this country. It taxes us into oblivion. I’m setting up a free zone Crypto trading company in Dubai and staying outside of the UK for the required 6 months. Gets you an Emirates ID and bank account to trade from. Transfer your tax residency to Dubai. 0% Personal Income tax/Capital gains tax. Minimum 90 day stay there to be legal. Renting an Airbnb for the duration in Dubai then 3 months in the Philippines. HMRC can stick it where the sun don’t shine.
Post election is one of those things that could really contribute to portfolio growth and vice versa, I've been going hard with my investments this year and have been able to build up to 180k, Are there tips I could apply to help me grow my portfolio even more during this election season?
If you are in cross roads or need sincere advice on the best moves to take now its best you seek an independent advisor who knows about the financial markets. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one, after my retirement pension took a hit in April due to the crash
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
My CFA ’Gabriel Alberto William a renowned figure in his line of work. I recommend researching his credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I agree there's still huge opportunities for newbies in crypto market I just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Gillian Sara sheeran is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Thank you Kiran, i am new to Crypto world, therefore this video is really useful. Just subscribed to your channel. Looking forward for the next one. Thank you again.
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
I have accumulated a total of 290k today. I am truly grateful for all the knowledge and information you have provided me over the past few weeks. I started with 55k just 2 months ago.
Sophie Rogerz? I was introduced to her by a friend. My husband and I have been working with her for months, and it was through her profits that we were able to grow in the real estate market.
I am from São Paulo and used to take bank loans to survive, but after investing with the expert Ms. Sophie Rogerz, my financial situation has changed significantly. I was able to pay off my debts and achieve my long-held dreams.
As the price of Bitcoin and other crypto is unstable and likely to decrease more I think the best investment one can do is investing on Forex trading and crypto trading, I’m saying this because ever since I started trading I have seen a significant difference.
I found the video interesting. Can you provide tips on achieving profitability in Bitcoin or Forex investments? I've been facing ongoing losses in my account.
When someone is direct and proficient in their work, others will always advocate for them. In my opinion, I would recommend giving expert Rosie Harley a chance, and you'll be glad you did.
Wait till they introduce unrealised capital gains, IE if your asset goes up, they want you to pay on the increase in value, irrespective of whether you sold it or not.
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials…I would sincerely appreciate any recommendations you have.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Becoming a good trade takes time and patience. When I first got into trading I was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to have a consultation with a fiduciary, and it was incredibly insightful.. 2 years later and I’m up with 850k glad I made that decision.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the right approach to investing and making good profits from cryptocurrency investments?
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Heinz. A widely known crypto consultant
@@robertgemmell1485 Maybe it's not possible at the moment but as Bitcoin becomes more mainstream and legititimised by tradfi, perhaps soon? Or perhaps I've been listening to Michael Saylor too much.
@@amjidali588the point is the money has ALREADY been taxed. We risk it ALL with a chance of it going to zero and we're lucky enough to make some money. Now the gov want to tax that again??? They take on none of the risk yet still want their reward
It’s not theft. It’s tax. The vast majority of it goes towards our huge pension bill, as well as our free at the point of use healthcare system and free eductation.
While I knew a majority of what you covered, it was small nuggets of info I found dotted about or picked up here and there. I have never found a full comprehensive video like this so cudo's to you! I'll be passing this on to friends when they start quizzing me on the new Safemoon ha.
a question , i'v been in crypto since 2017 hmrc only took an interest in this market in 2021 so do i assume correctly i would be liable for back taxes and maybe penalties reaching back to 2017,i have prepared my self assessment and shall be honest with hmrc .... but yet again it's the rich and the powers that be that don't won't the working class to become wealthy as they will lose a section of society who won't wipe there backsides anymore.
You will potentially owe taxes for any crypto to crypto transactions that resulted in a gain. You do have 12k CGT annual allowance from 2017 to 2023. 6k allowance from 23/24 and 3k allowance from 2024 onwards. You may not owe anything if it falls under your allowance
thanks for the reply i know all of the above i just felt the need to make a statement , you forgot to mention that btc is now classed as an asset the same as stock and shares and it's conception was never intended for that purpose only peer to peer to cut out the greedy middle man/woman . sorry if i have offended you anyone else on this stream.
@@jstubbs8016 all good bro, no offence taken and no need to apologise..from what I remember HMRC published their first crypto tax guidelines in Jan 2018 and expect everyone to comply regardless of date you first got involved. They currently have a reporting amnesty where they will reduce penalties for people who self report anything owed
@jstubbs8016 - I agree with you 100%. Since the pandemic, the wealthy is on a mission to destroy the middle class and amass ridiculous amount of wealth from the masses for which they have achieved record profits! Remember one of their absolute goals by 2030 is for the population to own nothing and be happy!
As it is now I think the best investment one can do is investing on Forex trading and crypto trading, I’m saying this because ever since I started trading I have seen a significant difference.
Such a genuine personality!! He is really a good investment advisor. I was privileged to attend some of his seminars. That is how I started my crypto investment with his guidance.
Makes no sense, i swap 1 token for another token and make a profit but the next day the profitable token has dropped out of its ass and now its at a loss. So i made profit at time of swapping but next day im at a loss..............Also what happens if i send X amount of tokens to the wrong wallet address and lose all my money OR if i get hacked and lose my money. How do i prove this............i cant pay tax on profits that have been stolen
If the value of a coin goes down, it's not a loss unless you sell it. If your assets are hacked and stolen it is considered as a loss, so you can record it to offset against future profits.
What impresses me most about Stacey Macken is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
Her technical analysis is excellent and hid interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Stacey is the perfect trader to follow for advise and daily signals.
Getting advice from financial advisors, like Stacey Macken , can be a smart move to reshape your portfolio. She has the expertise to help you make informed decisions.
OK, but if I have a robot trading crypto between ethereum and bitcoin, hundreds of transactions a month, am I meant to declare every single transaction? Why about the total value? My 'portfolio' started at about $2000 and dropped to around $1500 ,bur now it's $2500, how can I account for trading wins, when the value of the wins in a single coin can vary by more than the trading wins? Surely the best way is to only declare the value of any assets I liquidate back to fiat currency?
You need to use a service that does al the calculations for you, I use recap. It is just too difficult to do it manually, especially as each calculation is based on the GBP value at the time of the trade.
I don't see the point in the tax on swapping a token for another. You will only ever swap for the amount your tokens are worth anyway, so no gains there, plus there will be a transaction fee to swap the tokens, putting you at a loss on every single swap you make. Seems utterly pointless to include it as capital gains tax to me.
When you swap, you are selling the first coin. The CGT is calculated as the difference in GBP between the purchase and sale. So if you bought coin A for £100 then swapped that coin for coin B you would work out the price of coin A in GPB at the time of the swap, if it is higher then £100 you have made a profit, which could be taxable.
Do HMRC pay tax on their income from us to the World Economic Forum? Because I see none of this money coming back into UK society - nothing is improving, people are getting more ill, my coast has sewage dumped into it daily, my roads have holes everywhere, my food is going up. But we can fund wars, smart motorways (which then get reversed few years later) and many more wonderful wastage of money. HMRC / Tax is the Worlds largest con
Hi Kiran, good video but the only question I need answered is if the transaction of staking and unstaking is a taxable event ? I'm not talking about the rewards as I know that they are deemed income so income tax not CGT. When you stake and unstake you dispose and receive your tokens back but they are still yours so it's a grey area. Anyone with major funds in crypto could come very unstuck if they go the wrong way. I'd appreciate your advice please. I use koinly tax accounting software for crypto and also get them to do an expert review which was extensive but I recommend this 100% as there are so many TX that need tweaking. My total amount of TX per year is in the region of 2-3000, sounds alot but with crypto swapping bridging , trading etc these things really mount up hence the expert review. Koinly left it to me to decide if it was taxable as they can't decide for you as they may have some liability
When you swap, you are selling the first coin. The CGT is calculated as the difference in GBP between the purchase and sale. So if you bought coin A for £100 then swapped that coin for coin B you would work out the price of coin A in GPB at the time of the swap, if it is higher then £100 you have made a profit, which could be taxable.
Taxes are only payable when the crypto has been transferred back to hard currency. Also, if taxes are paid on profits, then losses should also be included in working out profit & loss accounts. You can also claim for equipment costs used for trading. Electricity fees, phone costs etc.
Wrong wrong wrong. Say u buy btc with fiat gbp and later convert to usdt. That becomes a taxable event. Even swapping some btc say for Solana, u calculate the gbp equivalent of the trade, work out your profit or loss and then start a new "pool" for the solana. Despite what she said in the video u can only offset realised losses against realised profits. If u bought btc at 40k and at tax tear end it's 30k you can't use that loss unless u sell.
That's just a complete lie! As soon as you change that asset for another it becomes a taxable event. I mean it's not difficult to look this stuff up Misleading people with your comment
@@ineedtowinBro, I'm black and slow. Explain this to me like I'm 5 years old. If I convert £100 of BTC to £100 worth of SOL. What gains have I realised to make this a taxable event??
Yes, when you swap, you are selling the first coin. The CGT is calculated as the difference in GBP between the purchase and sale. So if you bought coin A for £100 then swapped that coin for coin B you would work out the price of coin A in GPB at the time of the swap, if it is higher then £100 you have made a profit, which could be taxable.
Hello, I'm a Doctor from Scotland, how do you make such amount? I'm a born Christian but sometimes I feel so down of myself because of low finance but I still believe in God.
Making touch with financial advisors like Amalia Bunker who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1,000000 net worth.
Same here, I believe the Bitcoin ETFs approval will be life changing opportunity for us, with my current portfolio of $108,000 from my investments with my personal financial advisor i totally agree with you
I have crypto and left the UK long time ago. Where I am based no tax or restriction on crypto, sad to see such a decline in the UK, and now even worse with this woke hooligan and his toxic cabal in power....
Are you able to clarify where hmrc would see us as traders and where they would see us as investors. A friend of mine spoke to a crypto tax advisor who said that if you are making a daily income from your crypto, then you are classed as a Trader, in which case the taxes will be higher. If it appears that you're holding the investment long enough to not create a daily income, then it is the other definition, you are then an investor. How correct do you see this statement?
I value your perspective and content.Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a decent 11.4Biitcoin. At the heart of this evolution is Whitney Eston , whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment..
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…
Good luck on getting the tax from all those miners years ago when it was profitable and people had multiple graphics cards running in a mini rigs. I know some people made a LOT.
Nice video, trading comes with a lot of benefits And I have just bought my first house through it As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert, watching professional trading videos and most especially connecting with the right person The digital world is full of unreal people, I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing, I understand and I pass through it all. I’m very happy I’m profiting now.
Currently i can attest to the fact that I make $19,600 weekly through trading which is more better then my monthly salary job. trading becomes my passive income. It's not about being educated but it's about seeking for the help of a professional broker
You need to use a service that does al the calculations for you, I use recap. It is just too difficult to do it manually, especially as each calculation is based on the GBP value at the time of the trade.
Thank you for your videos mate.. . Crypto education is what the world needs the most right now. I don’t think that buy and hold is a valid investment strategy anymore. Not too diluted and to a degree, follows Whitney’s trading ideas and signal tips for your portfolio growth and aggressiveness. He is a man who has not only taught me what the cryptocurrency trading world looks like but a secret to uplift my finance. Buying crypto and waiting for the price to shoot up is not the best way to invest in the market but buying and trading is. Craig Reeder trade signal does the heavy lifting, generating competitive returns for crypto traders and investors in the form of money and peace of mind. Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path...
Nice info, i appreciate your concern this will help a lot especially to the young bitcoin investors who have no or lesser knowledge on how bitcoin market works....
Craig Reeder’s analyses go beyond surface-level trends. he delves into technical, fundamental, and sentiment analysis, providing a holistic view of the market.
Thank you for your videos... The cryptocurrency market has been highly volatile lately, but instead of focusing solely on price swings, it's crucial to educate newcomers on strategies beyond simply holding through dips. Active trading during market fluctuations offers the potential for substantial profits while waiting for price rebounds. Many still lack a deep understanding of how the market operates, and it's important to recognize that no chart can predict movements with certainty. Despite the volatility, I've managed to grow my portfolio to 7 figures in just a few months, thanks in large part to the expertise of Harry's Dent, whose traditional trading knowledge has been invaluable...
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Harry’s Dent insights.
Get it into a decentralized wallet while they are low and leave them there until you open an account in a tax haven stay out the country just over 6 months and your not classed as tax resident
Because every disposal counts as a taxable event It will look like you have spent a million pounds when declaring your total investment. You are just re-using the same money. Pound > usdt > btc > usdt > caw > usdt, etc..
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Kimberly Smith.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
Mrs Kimberly Smith was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Kimberly Smith.
Cheers for posting! Hoping for some help: My Tron Wallet has some TRX 20 USDT, and I know the backup phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way should I handle transferring them to Kraken?
Great video, the best thing for people to do when it's time to take profit, is to speak with a reputable tax advisor cause there's not avoiding this. You have to pay taxes unless you're never gonna take profit from your investment or face prosecution, pick one.
They don’t want the average person like myself and many people to make money , the system is set to keep us down, I'm so tempted to make a channel myself and unite with people like me
Love your explanation. Many thanks. What if you bought 100 crypto tokens (same one) at £100 (say 2 years ago), 100 at £200 and 100 at £300 at different times. Then you sell 50 of those when they are at £400? do you pay tax on the £300, £200 or £100 profit on each token?
Thank you for watching! The pooling rules would most likely apply in this scenario - see CRYPTO22200 - Cryptoassets for individuals: Capital Gains Tax: pooling
I think all you need is an expert assigned by a brokerage company that will trade for you and handle your capital professionally and give you weekly returns of investment without any extra fees attached
Seeing a remark regarding my manager Evelyn Turner is quite energizing. It was just like this when I first met her a few weeks ago. Having started with just 4k about 2-3 weeks ago, I have already made it to 21 k. She is very remarkable!
Goodness gracious I'm so excited seeing Ms.Evelyn Turner been mentioned here also. Didn't know she has been good to other people too, this is wonderful because I also started with a RUclips referral like this
Absolutely sick to the back of my teeth with the taxes and rules / regs in this country. It really is time to pack my bags, i've been avoiding the decision for far too long.
Get out of the UK. The biggest joke is inheritance tax
Just keep paying taxes after taxes even on air pollution and gas which is nothing to do with small car owners. Modern days slavery we are living in
Next taxes would be on certain numbers of farts 💨 allowed or you have to pay tax for air pollution to hmrc
@@knowledgeseeker5499 don't give them ideas!
@@knowledgeseeker5499 don't give them ideas!
You can swerve the tax if you hold bitcoin until such a time you’re able to spend it without first converting it to fiat. There is zero chance I’m paying any tax on bitcoin. The whole idea of bitcoin is to circumvent the corrupt money system.
You can easily spend it without converting it. There are multiple accounts with apps/ cards etc that do this
Err don't think so, even if you gift it there is Capital Gains tax (CGT) to pay. Directly paying for goods or services with Bitcoin will still trigger CGT ... this is UK tax at present. No escape I'm afraid.
@@ddbb6618 what about cold wallet storage?
@@ddbb6618 P2P agrees paying goods should be okay
@@ddbb6618 CUCK!!
Great video and very straightforward. I don't see any other perfect time for one to invest in crypto and trade than now. I don't think that buy and hold is a valid investment strategy anymore but trading is worth it and you make more money when you trade correctly. just made my first $100,000 in crypto and I barely know how to express how happy and excited i am right now. It's all about knowing what strategy to apply and when.
You're correct!! I make a lot of money without relying on the government.
Investing in stocks and digital currencies is beneficial at this moment.
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... UNTIL A FRIEND INTRODUCED ME TO MRS. ZAHRA SMITH
You can try with Expert Mrs. Zahra, she is reliable.
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade.. I will advice you not to stop trading on your own it's very risky. Seek advice of a professional trader
I lost $1200 trading carelessly.
Then I was referred to Mrs. Zahra Smith, she recovered the loss and made an additional profit of $7,000😂
Retirement is more challenging now than it used to be. I've focused on saving rather than investing, and currently, I have about $400K. With inflation on the rise, I'm considering investing in stocks, but I'm not familiar with effective market strategies.
Am retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It's so difficult for people who are retired and have no savings or loved ones to fall back on
Planning ahead can really minimize taxes! I've made a smart reinvestments, especially with some great guidance from a pro for a half year now, and it's been a game changer. I was able to reinvest my RMD strategically, and I'm now pulling in about $25k a week, despite doing very little trading myself. It's a nice cushion against financial stress. Best of luck with your RMD decisions!
25k a week? Amazing! how did you get started?
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
the session was secure and a supportive way to improve your trading skills while earning, the best part is there's no upfront payment required at all
As always we take on all the risk, but HMRC wants a chunk of any profits 😂
They don't deserve a penny.
@@brubakerman8717 they deserve jail for theft
Exactly and if we were banks/a bank, we'd get bailed out if we failed but instead, as individual taxpayers, we pay for the bailout. Great isn't it.
sadly the people are still slaves to this scam system that makes the rich richer and the poor poorer, hopefully they will wake up and speak about their damn life
Blame the lockdowns everyone so willingly supported back in 2020/21. Government paid out huge amounts and now it wants it's money back. Use to get £12,500 tax free a year and now down to £3000. This is because of the lockdowns.
Income tax, national insurance, council tax, value added tax (VAT) on everything we buy, road tax, fuel duty, inheritance tax. Sick to the bone of this country's taxation 🤮 we give more than half of what we earn in taxes. Disgusting!
Absolutely.
Most people loose money on crypto, so HMRC will actually loose money on crypto taxation.
@@hpopov How HMRC loose money on crypto taxation? You taking all the risk when investing in crypto. If you lose money, HMRC don't care, but if you will make profit, then you need to pay sick taxes.
Yet they print amd debase our money whenever they see fit! Absolute extortion! We need a revolution
I think I will need to move to Dubai to many tax’s rules
Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?
Venturing into Crypto is a good idea, a good trading system would put you through many days of success.
I agree there's still huge opportunities for newbies in crypto market I just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading
I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Gillian Sara sheeran is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
They want to tax people on their investment gains but if you lose your investment they won’t step in and reimburse people! Absolutely bollocks, always on the take!
why should the Government reimburse you for your investments that go wrong? Not trying to cause any argument and genuinely curious as to the logic there.
@user-si7fj5rh5u yes if u declare a loss one year and then have a profit the next year you can offset it
@@TomsPersonalFinance because it does this when banks fail and covers customers up to 50 grand of losses. In crypto it offers zero protection.
So why would anyone pay tax for a service that doesn't exist?
@jamescrosby3431 If I invest in a stock and it goes to zero, I would never expect a penny back from the Government - that is on me.
Protection for cash is different and ensures faith in the banking system. Completely different thing.
@@TomsPersonalFinance maybe not but the person who created a Ponzi scheme that stole your investments would be arrested and any assets would be recovered. In crypto there isn't even that luxury. So no crypto investor should be obligated to pay tax.
Thanks for the educative video I'm so glad to share my experience here. I first got into BTC back in 2019 and I was holding/buying sats at different price points. but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 20k and I’m up with 300k in a short period of time .
how do y'all even make so much from crypto trading?
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular advisor to whom you have used their services?
I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?
As a beginner investor, it’s essential for you to have a mentor to keep you accountable.
Alex Heinz is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Wow!, I'm surprised you also trade with Alex Heinz, he's the best at what he does.
Even HMRC don't know much about Crypto and how to work out gains and there aren't many crypto accountants about because crypto has never been advertised in the UK, my friends no nothing about it....
*Know
Thats why they are leaving it up to you to work it out for them then they charge you for the privilege
Kyc & chainalysis screwed us.
Use something like Koinly to work it out for you
Not difficult to work out how much CGT is owed on an asset like crypto.
Correct. Tax on crypto in the UK is pretty much voluntary.
I am not paying TAX on my crypto. My money ,my risk. I rather go to prison.
De register from the gov , get rid of birth certificate and remove yourself from it. Not lawful its legal two completely different things
Good luck to you.
Same here
@@rollerballrico joker government wants to ban crypto but wants the share of profit from it what an irony.
You would rather lose your liberty than pay 20% tax on your gains? Bit extreme in my opinion. Time is worth more than any money.
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life. ❤
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
I want to start investing but feel unsure of where to begin. Do you have any simple advice or connections who can guide me ?
It is good to seek expert guidance before venturing into trading to avoid losses
Taking advice from financial experts like Hailey Gassmann to fine-tune your investments is a smart choice.
She trades for me too. My spouse doubted me at first but after i received profit, we both invested again and again till date
I'm surprised that this name is being mentioned here, I stumbled across one of her clients testimony on CNBC just last
week
Hailey manages my investment, and I just make weekly withdrawals without needing any trading knowledge. She handles everything.
Never pay crypto tax
Don't think their is any crypto laws yet?
@@Resistcontrol-u2g CGT applies, do your due diligence before deciding to fob it off.
Excellent video, but at the same time it angers the hell out of me at how evil the UK tax system is 😠!! The economy is crashing at an alarming rate, and the rising cost of living is going through the roof, yet HMRC is squeezing more and more from us regular people trying to make a living!! Absolutely sickening!
welcome in the club, cry in slience or move to dubai tax free i guess😂or use untrasable wallet😉
Thieves eh
@@prodes1249 That's a good idea.
Could try a Palau digital residency too and bank off shore but I’d honestly start thinking about emigrating or becoming a digital nomad. The UK won’t quit, not even once they’ve got you homeless, they’ll not even then be happy. It’s a criminal state but most are in denial.
@@flyhi2773 I could not agree with you more. The establishment are servants to the WEF's agenda, the population will own nothing and be happy!
I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve.
Wow, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.
Have you not heard of Mrs. Lauren Hopkins?
She has this skill of making complex crypto concepts easy to understand and is truly commendable.
Thank you mrs Lauren Hopkins, imagine investing $12,000 and received $305,500.
You know her too? I'm also a proud beneficiary of her superb platform.
Hey, I want to start investing but I don't know where to begin. Any advice or contacts for help??
Talking to an expert like Nancy Hall to reshape your portfolio is a very smart move.
The reality is, you cannot do it without a tried and true trader like Nancy
If a person is direct and proficient in their work, others will sure consistently vouch for them. I love her transparency!!!
how can I reach her please?
I keep seeing different recommendations about this woman. She must truly stand out for people to speak so highly of her. 🤔
"Patterns in financial markets tend to repeat themselves over time. Artur Grandi's book offers valuable insights into stabilizing investments and highlights potential investment opportunities, including within the cryptocurrency market
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
How can one start,most times people don't know where to start when it comes to crypto.
But it would be great if you can provide proper guidance on steps to follow please
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Gomez. A widely known crypto consultant
Please how can I get in touch with this Alex Gomez ? I really need to give him a try
This is he’s telegrams user name
@AlexRcoin THAT IS THE USER NAME
THAT IS HIS USER NAME
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏
I am from Miami United State🇺🇸, The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.
I invested $2,000 and the trade in one month making close to $20,000. I wonder where she got her analysis.
Seeing my broker talked on RUclips, This was exactly how I got the recommendation about her for the past years. Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in July 2024
I'm from Brazil 🇧🇷 I and two other of my friends tried her immediately we testified her performing wonders.
Thanks to my co_worker who suggested Mr Lucy Mary Liam to me
Hello everyone I'm new to bitcoin trade and I have watched a lot of videos along side tried some new strategies on my own but all to no avail. Can someone please recommend a trust worthy expert that can trade on my behalf and generate profit for me please😕😕😕
"Disappointment in forex and crypto trading is widespread these days, mostly caused by inadequate direction and untrustworthy specialists."
"I suggest you reach out to Mrs. Carolyne Norris. She's the most reliable expert I've come across. She manages my forex account and generates impressive weekly profits for me."
"So, you all know her too? Wow, she helped my husband and me buy our own house and car. She’s truly amazing!"
"She’s my trader too. My first investment with Carolyne Norris brought me a profit of over $12,000, and I’ve been trading with her ever since with great results."
"I lost around $10,000 trading on my own before I got connected with Miss Carolyne Norris. She not only helped me recover my losses but also made me a $7,000 profit in just a few weeks. I was thrilled, especially since my spouse was skeptical about investing in forex."
Totally had enough of this country. It taxes us into oblivion. I’m setting up a free zone Crypto trading company in Dubai and staying outside of the UK for the required 6 months. Gets you an Emirates ID and bank account to trade from. Transfer your tax residency to Dubai. 0% Personal Income tax/Capital gains tax. Minimum 90 day stay there to be legal. Renting an Airbnb for the duration in Dubai then 3 months in the Philippines. HMRC can stick it where the sun don’t shine.
If you come back to UK within 5 years with the profit the CGT still needs to be paid.
@@anthb3377 I should have mentioned I won’t be coming back other than short visits to family. Appreciate the point made cheers
@user-ch8ku6qe3x good question haha
Portugal is also tax free for crypto and a bit closer to home. And you don't risk getting beheaded for puffing on a blunt.
@@gadaffi1000 yea think I'd rather Portugal like.
Post election is one of those things that could really contribute to portfolio growth and vice versa, I've been going hard with my investments this year and have been able to build up to 180k, Are there tips I could apply to help me grow my portfolio even more during this election season?
If you are in cross roads or need sincere advice on the best moves to take now its best you seek an independent advisor who knows about the financial markets. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one, after my retirement pension took a hit in April due to the crash
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
My CFA ’Gabriel Alberto William a renowned figure in his line of work. I recommend researching his credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for putting this out, it has rekindled the fire to my goal
I'm glad you made this video, I am super excited about how my crypto investment is going so far, $19k biweekly is an amazing gain
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?
Venturing into Crypto is a good idea, a good trading system would put you through many days of success.
I agree there's still huge opportunities for newbies in crypto market I just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading
I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Gillian Sara sheeran is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Thank you Kiran, i am new to Crypto world, therefore this video is really useful. Just subscribed to your channel. Looking forward for the next one. Thank you again.
Glad it was helpful!
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
Any specific guide. I'm from Georgia how do I go about this? I think I'm interested how can I get in touch with Mr Brian Nelson
I watch your videos and they are really helpful for day to day, finance Management.
Glad you like them!
I have accumulated a total of 290k today. I am truly grateful for all the knowledge and information you have provided me over the past few weeks. I started with 55k just 2 months ago.
If I may ask, how do you manage to earn so much? What are your strategies?
HOW!? I know it is possible. I would appreciate it if you showed me how to do it.
Sophie Rogerz? I was introduced to her by a friend. My husband and I have been working with her for months, and it was through her profits that we were able to grow in the real estate market.
I keep hearing a lot about Ms. Sophie; she must be really good.
I am from São Paulo and used to take bank loans to survive, but after investing with the expert Ms. Sophie Rogerz, my financial situation has changed significantly. I was able to pay off my debts and achieve my long-held dreams.
As the price of Bitcoin and other crypto is unstable and likely to decrease more I think the best investment one can do is investing on Forex trading and crypto trading, I’m saying this because ever since I started trading I have seen a significant difference.
Best way is to diversify your investments and a good trading system would yield massive profits.
Investing in crypto is the best way to make money in the market. Avoid hodl crypto!Invest with a pro-trader instead
FX trading, really? lmao
Nonsense forex is a scam
I found the video interesting. Can you provide tips on achieving profitability in Bitcoin or Forex investments? I've been facing ongoing losses in my account.
Investing without a thorough understanding of the market is not recommended. I suggest consulting with Expert Rosie for guidance.
Rosie's strategy stands out as the most effective among other experts. Many others are not dependable.
It's quite a coincidence. Rosie has also been overseeing my trades, and her strategies are truly remarkable.
When someone is direct and proficient in their work, others will always advocate for them. In my opinion, I would recommend giving expert Rosie Harley a chance, and you'll be glad you did.
Hello! What's the most trustworthy method to reach her?
I frequently hear people discussing the returns they earn from investing in Bitcoin and Forex. As a beginner, how can I get started with it?
Investing without a strong understanding of the market is not prudent. I suggest consulting Expert Rosie for guidance and advice.
Sounds familiar, i have heard her name on several occasions.. and both her success stories in the wall street journal!!
My friend has been mentioning this woman Rosie to me. I'm considering giving her a try to see what she can achieve in the market.
Rosie has certainly established a strong reputation. Thanks to her strategies, I managed to purchase a comfortable apartment in the USA.
This is my second year trading bitcoin and all i can say is Rosie Harley strategy changed my life completely.
Ive been holding for years and have been rekt in crypto cycles...cant pay tax if you dont make profit
Wait till they introduce unrealised capital gains, IE if your asset goes up, they want you to pay on the increase in value, irrespective of whether you sold it or not.
@@adespade119if that happens then lots of people are going to jail including me
I often hear people talking about the profits they make from investing in Bitcoin and Forex. As someone new to this, how can I begin?
I will recommend Expert Rosie to you
Rosie's strategy stands out as the most effective among other experts. Many others are not dependable.
It's quite a coincidence. Rosie has also been overseeing my trades, and her strategies are truly remarkable.
+ 44
742
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials…I would sincerely appreciate any recommendations you have.
As a beginner, it's essential for you to have a pro or a very good trader to keep you accountable.
If you can, then get a professional to trade for you I think that way your assets are more secure.
Someone like expert viola patterson
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
This is correct, viola strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
Becoming a good trade takes time and patience. When I first got into trading I was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to have a consultation with a fiduciary, and it was incredibly insightful.. 2 years later and I’m up with 850k glad I made that decision.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the right approach to investing and making good profits from cryptocurrency investments?
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Heinz. A widely known crypto consultant
Yeah, I agree with you. Alex Heinz has always been on the top of my list..more folks like him are needed in the digital investment scene, mate.
i'm in my fifth trade with him and it has been super.
Please how can I get in touch with this Alex Heinz? I really need to give him a try
Never sell your BTC, no TAX event if you don't sell it. Use it as collateral to borrow against, a la Michael Saylor?
Who in the UK will let you borrow against BTC? Genuine question? I cant see Nationwide for example giving you a mortgage because you hold 10 ETH.
@@robertgemmell1485 Maybe it's not possible at the moment but as Bitcoin becomes more mainstream and legititimised by tradfi, perhaps soon? Or perhaps I've been listening to Michael Saylor too much.
@@robertgemmell1485will happen pretty soon. They will put this into motion.
Only applies to big dogs, who own millions worth of dollars / pounds.
Just plain theft.
How do you run a country without tax?
@@amjidali588 money printer goes BRR!
@@amjidali588 they are literally creating money out of thin air..... Then why tax people?
@@amjidali588the point is the money has ALREADY been taxed. We risk it ALL with a chance of it going to zero and we're lucky enough to make some money. Now the gov want to tax that again??? They take on none of the risk yet still want their reward
It’s not theft. It’s tax. The vast majority of it goes towards our huge pension bill, as well as our free at the point of use healthcare system and free eductation.
How about NO
This is great and simple advice. Thank you, Kiran!
Hope it helps!
While I knew a majority of what you covered, it was small nuggets of info I found dotted about or picked up here and there. I have never found a full comprehensive video like this so cudo's to you! I'll be passing this on to friends when they start quizzing me on the new Safemoon ha.
a question , i'v been in crypto since 2017 hmrc only took an interest in this market in 2021 so do i assume correctly i would be liable for back taxes and maybe penalties reaching back to 2017,i have prepared my self assessment and shall be honest with hmrc .... but yet again it's the rich and the powers that be that don't won't the working class to become wealthy as they will lose a section of society who won't wipe there backsides anymore.
You will potentially owe taxes for any crypto to crypto transactions that resulted in a gain. You do have 12k CGT annual allowance from 2017 to 2023. 6k allowance from 23/24 and 3k allowance from 2024 onwards. You may not owe anything if it falls under your allowance
thanks for the reply i know all of the above i just felt the need to make a statement , you forgot to mention that btc is now classed as an asset the same as stock and shares and it's conception was never intended for that purpose only peer to peer to cut out the greedy middle man/woman . sorry if i have offended you anyone else on this stream.
@@jstubbs8016 all good bro, no offence taken and no need to apologise..from what I remember HMRC published their first crypto tax guidelines in Jan 2018 and expect everyone to comply regardless of date you first got involved. They currently have a reporting amnesty where they will reduce penalties for people who self report anything owed
@@jstubbs8016Exactly. The philosophy behind bitcoin means that it’s morally exempt from taxation
@jstubbs8016 - I agree with you 100%. Since the pandemic, the wealthy is on a mission to destroy the middle class and amass ridiculous amount of wealth from the masses for which they have achieved record profits! Remember one of their absolute goals by 2030 is for the population to own nothing and be happy!
Sell BC to buy gold sovereigns and Britannias by post.
They are currency and thus escape capital gains tax.
WHAT?! 🤔🤦🏾♂️
You can't buy gold with crypto and pretty sure you can't sell gold without being taxed
What is the best way for someone with more or less than $8,000 to start trading cryptocurrencies right now?
You need a pro or very goodTrader. Someone like Stephany Reuben
Steph excels at capitalizing on economic shifts and I have confidence in her trades
Almost gave up trading due to constant losses, but Steph turned my luck around
Now they yield about $13000 monthly
any idea on how i can get ahold of her?
What about losses? Do I get refunded?
Exactly, marvellous point 👍 what about losses refound???
You can use them to offset gains
dont trade dont swap just hold, and ledger in the future easy money. no tax at all
hey your comment caught my eye...what do you mean by "ledger in the future"?
That doesn't make sense. Crypto has no value until you sell it. Unless you pay for things in BTC
As it is now I think the best investment one can do is investing on Forex trading and crypto trading, I’m saying this because ever since I started trading I have seen a significant difference.
Best way is to diversify your investments and a good trading system would yield massive profits.
@Albertoforsure I have been thinking of moving into crypto and Forex tradin can you please help me trade?
As a beginner, is essential you seek guidance of a well experienced broker to monitor your trades
Such a genuine personality!! He is really a good investment advisor. I was privileged to attend some of his seminars. That is how I started my crypto investment with his guidance.
@Albertoforsure This sounds so good and I would like to be a part of it. I will reach out to him.
Makes no sense, i swap 1 token for another token and make a profit but the next day the profitable token has dropped out of its ass and now its at a loss. So i made profit at time of swapping but next day im at a loss..............Also what happens if i send X amount of tokens to the wrong wallet address and lose all my money OR if i get hacked and lose my money. How do i prove this............i cant pay tax on profits that have been stolen
If the value of a coin goes down, it's not a loss unless you sell it. If your assets are hacked and stolen it is considered as a loss, so you can record it to offset against future profits.
If you are hacked you have to report it to the police. Cyber crime. Otherwise no evidence,that means you still have your crypto on the Ledger
@@AutoTradingAi they should do the same with profits and let you keep them to offset future losses 😂
so if i withdraw £3,000 a year into cash i dont need to inform hmrc as its below CGT limit
Thanks Kiran. I assume its ok to offset cost of hardware wallets etc and also cost of your purchase fees as well as selling fees?
Lately i got interested in crypto but has no idea on how to go about it. How does it work please..
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by Stacey Macken a widely known crypto consultant
I am surprised that this name is being mentioned here, I stumbled upon some of her clients testimonies on CNBC news last week..
What impresses me most about Stacey Macken is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
Her technical analysis is excellent and hid interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Stacey is the perfect trader to follow for advise and daily signals.
Getting advice from financial advisors, like Stacey Macken , can be a smart move to reshape your portfolio. She has the expertise to help you make informed decisions.
Awesome job you've done with this video. Simple and easy to understand. Thank you.
OK, but if I have a robot trading crypto between ethereum and bitcoin, hundreds of transactions a month, am I meant to declare every single transaction? Why about the total value? My 'portfolio' started at about $2000 and dropped to around $1500 ,bur now it's $2500, how can I account for trading wins, when the value of the wins in a single coin can vary by more than the trading wins?
Surely the best way is to only declare the value of any assets I liquidate back to fiat currency?
You need to use a service that does al the calculations for you, I use recap. It is just too difficult to do it manually, especially as each calculation is based on the GBP value at the time of the trade.
Very well explained! Awesome
Glad it was helpful!
I don't see the point in the tax on swapping a token for another. You will only ever swap for the amount your tokens are worth anyway, so no gains there, plus there will be a transaction fee to swap the tokens, putting you at a loss on every single swap you make. Seems utterly pointless to include it as capital gains tax to me.
That part... 💯💯🤦🏾♂️🤦🏾♂️😅😅
When you swap, you are selling the first coin. The CGT is calculated as the difference in GBP between the purchase and sale. So if you bought coin A for £100 then swapped that coin for coin B you would work out the price of coin A in GPB at the time of the swap, if it is higher then £100 you have made a profit, which could be taxable.
Do HMRC pay tax on their income from us to the World Economic Forum? Because I see none of this money coming back into UK society - nothing is improving, people are getting more ill, my coast has sewage dumped into it daily, my roads have holes everywhere, my food is going up. But we can fund wars, smart motorways (which then get reversed few years later) and many more wonderful wastage of money. HMRC / Tax is the Worlds largest con
And why would hmrc pay into private organisation like WEF? They don't pay them, they listen to them. That's enough.
Thank you 🙏, I’ve been looking for ages for info about this ❤️
Glad it was helpful!
Hi Kiran, good video but the only question I need answered is if the transaction of staking and unstaking is a taxable event ? I'm not talking about the rewards as I know that they are deemed income so income tax not CGT. When you stake and unstake you dispose and receive your tokens back but they are still yours so it's a grey area. Anyone with major funds in crypto could come very unstuck if they go the wrong way. I'd appreciate your advice please. I use koinly tax accounting software for crypto and also get them to do an expert review which was extensive but I recommend this 100% as there are so many TX that need tweaking. My total amount of TX per year is in the region of 2-3000, sounds alot but with crypto swapping bridging , trading etc these things really mount up hence the expert review. Koinly left it to me to decide if it was taxable as they can't decide for you as they may have some liability
What was the reason for the CGT allowance dropping from £12k, to £6k and then £3k and over such a short space of time?
Greed and profits for hmrc.. they know crypto is here to stay and want a slice of the pie 💰
Its called ripping us off.
They know people are gonna be making some serious gains this and next year.
Not paying tax on my crypto I have already paid fees and tax when buying I refuse to pay tax and fees to sell it
Agreed 💯
What about tax on swapping tokens etc?
Swapping tokens is taxable.
When you swap, you are selling the first coin. The CGT is calculated as the difference in GBP between the purchase and sale. So if you bought coin A for £100 then swapped that coin for coin B you would work out the price of coin A in GPB at the time of the swap, if it is higher then £100 you have made a profit, which could be taxable.
If I need to choose top 3 AI coins, my picks are FET, INJ and ADX (Adaxum), not in that particular order
Very informative video and nicely broken down for beginners. Thank you. Subscribed 👍
Taxes are only payable when the crypto has been transferred back to hard currency. Also, if taxes are paid on profits, then losses should also be included in working out profit & loss accounts. You can also claim for equipment costs used for trading. Electricity fees, phone costs etc.
Wrong wrong wrong. Say u buy btc with fiat gbp and later convert to usdt. That becomes a taxable event. Even swapping some btc say for Solana, u calculate the gbp equivalent of the trade, work out your profit or loss and then start a new "pool" for the solana. Despite what she said in the video u can only offset realised losses against realised profits. If u bought btc at 40k and at tax tear end it's 30k you can't use that loss unless u sell.
@ineedtowin If I do that on a dex... how they tracking it?
..and your phantom staff, your annual general meeting held at the Burl Al Khalifa
That's just a complete lie! As soon as you change that asset for another it becomes a taxable event. I mean it's not difficult to look this stuff up
Misleading people with your comment
@@ineedtowinBro, I'm black and slow. Explain this to me like I'm 5 years old. If I convert £100 of BTC to £100 worth of SOL. What gains have I realised to make this a taxable event??
In UK if crypto is traded on exchange but fiat not withdrawn in bank does this require filing tax?
Yes it’s bad
Yes, when you swap, you are selling the first coin. The CGT is calculated as the difference in GBP between the purchase and sale. So if you bought coin A for £100 then swapped that coin for coin B you would work out the price of coin A in GPB at the time of the swap, if it is higher then £100 you have made a profit, which could be taxable.
Sick of hmrc constantly having its hand in my pocket, I pay a fortune in taxes already
Really well explained and easy to understand video, good job!
Why is there a tax on crypto? What infrastructure has the government provided to help you build your wealth
I'm glad you made this video it reminds me of my transformation from a nobody to good home, $89k weekly and a good daughter full of love..
My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.
Hello, I'm a Doctor from Scotland, how do you make such amount? I'm a born Christian but sometimes I feel so down of myself because of low finance but I still believe in God.
Making touch with financial advisors like Amalia Bunker who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1,000000 net worth.
Same here, I believe the Bitcoin ETFs approval will be life changing opportunity for us, with my current portfolio of $108,000 from my investments with my personal financial advisor i totally agree with you
The UK government doesn't deserve our hard earned money... 🤷
I have crypto and left the UK long time ago. Where I am based no tax or restriction on crypto, sad to see such a decline in the UK, and now even worse with this woke hooligan and his toxic cabal in power....
Which country did you move to? I'm looking to leave the UK at some point too
very clear and informative, thanks! I forgot the CGT threshold had dropped to £3k, urgh.
Are you able to clarify where hmrc would see us as traders and where they would see us as investors. A friend of mine spoke to a crypto tax advisor who said that if you are making a daily income from your crypto, then you are classed as a Trader, in which case the taxes will be higher. If it appears that you're holding the investment long enough to not create a daily income, then it is the other definition, you are then an investor. How correct do you see this statement?
They don’t make it clear they say you only pay income tax on trading in exceptional circumstances so they can make it up as they go along
I value your perspective and content.Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a decent 11.4Biitcoin. At the heart of this evolution is Whitney Eston , whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment..
She's mostly interacts on Telegrams, using the user-name...
@WhitneyEston
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…
The market's top signal provider. Highly knowledgeable and level-headed..
A better way is to get proper guide!!!! The most important thing is the technicality and Whitney Eston keeps proven herself.
Good luck on getting the tax from all those miners years ago when it was profitable and people had multiple graphics cards running in a mini rigs. I know some people made a LOT.
They will owe income tax and NI so worse off than paying CGT
Could they do any crypto mining or just for their coins?
Nice video, trading comes with a lot of benefits And I have just bought my first house through it
As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
Inspiring! do you think you can give me some advice on how to invest in a healthy way as you are doing?
Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert, watching professional trading videos and most especially connecting with the right person
The digital world is full of unreal people, I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing, I understand and I pass through it all. I’m very happy I’m profiting now.
Currently i can attest to the fact that I make $19,600 weekly through trading which is more better then my monthly salary job. trading becomes my passive income.
It's not about being educated but it's about seeking for the help of a professional broker
she's mostly on Telegrams, using the user name
@Tradewithpamela....that's it
So.How this apply to day trading ? Do i need to pay tax of each trade ? If i do 100+ trades in a day ? Is impossible to track all trades.
You need to use a service that does al the calculations for you, I use recap. It is just too difficult to do it manually, especially as each calculation is based on the GBP value at the time of the trade.
Great video and very helpful. Thank you.
Glad it was helpful!
Thank you for your videos mate.. . Crypto education is what the world needs the most right now. I don’t think that buy and hold is a valid investment strategy anymore. Not too diluted and to a degree, follows Whitney’s trading ideas and signal tips for your portfolio growth and aggressiveness. He is a man who has not only taught me what the cryptocurrency trading world looks like but a secret to uplift my finance. Buying crypto and waiting for the price to shoot up is not the best way to invest in the market but buying and trading is. Craig Reeder trade signal does the heavy lifting, generating competitive returns for crypto traders and investors in the form of money and peace of mind. Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path...
He's mostly on Telegrams, using the user name.
CraigReeder
Thanks for keeping it light and real at the same time. hodlers like us really need him in times like these
Nice info, i appreciate your concern this will help a lot especially to the young bitcoin investors who have no or lesser knowledge on how bitcoin market works....
Craig Reeder’s analyses go beyond surface-level trends. he delves into technical, fundamental, and sentiment analysis, providing a holistic view of the market.
Thank you for your videos... The cryptocurrency market has been highly volatile lately, but instead of focusing solely on price swings, it's crucial to educate newcomers on strategies beyond simply holding through dips. Active trading during market fluctuations offers the potential for substantial profits while waiting for price rebounds. Many still lack a deep understanding of how the market operates, and it's important to recognize that no chart can predict movements with certainty. Despite the volatility, I've managed to grow my portfolio to 7 figures in just a few months, thanks in large part to the expertise of Harry's Dent, whose traditional trading knowledge has been invaluable...
He mostly interacts on Telegrams, using the user-name,
@HarrysDent.
I checked the name online and was able to find him, thanks.
The internet is filled with so many useful information about Harry s Dent crypto….
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Harry’s Dent insights.
Moving to el Salvador 🇸🇻 in the future. I'll spend my bitcoin as i like 👍🏻
How do you move your cryptos there, what’s the process?
@@sak6159what do you mean, all you need is internet access. El Salvador uses bitcoin as their currency.
Ive held my crypto for so long Im not sure what I even paid for them? was about 10 years ago. How would this be calculated if I want to sell?
Get it into a decentralized wallet while they are low and leave them there until you open an account in a tax haven stay out the country just over 6 months and your not classed as tax resident
Can i get abit of advice if you're around?
Tax is actually voluntary in the UK, not a lot of people know this....
🤡🤡🤡🤣🤣🤣
My words to HMRC… catch me if you can. Ain’t getting a single penny from my crypto profits
Because every disposal counts as a taxable event It will look like you have spent a million pounds when declaring your total investment. You are just re-using the same money. Pound > usdt > btc > usdt > caw > usdt, etc..
Crypto is a gamble . Casino winnings are tax free..so why isn't crypto?? We
are risking our own money thats already been taxed!!
I'm favoured, $35k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..
That's awesome, which source/platform did you use to earn such huge sum of money?
As I know it's possible, I'd appreciate it if you showed me how to do it.
Mrs Annabelle Hartfield service made me who I am today and God is the master planner
I know I’m blessed if not I wouldn't have met someone who is as spectacular as Mrs Annabelle Hartfield
So you guys know her too?...
She made my husband and I have our own house and car.
She’s very good! 👌
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Kimberly Smith.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
I'm new at this, please how can I reach her?
she's mostly on Telegrams, with the user name.
Ksmith6 💯
Mrs Kimberly Smith was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Kimberly Smith.
Cheers for posting! Hoping for some help: My Tron Wallet has some TRX 20 USDT, and I know the backup phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way should I handle transferring them to Kraken?
Great video, the best thing for people to do when it's time to take profit, is to speak with a reputable tax advisor cause there's not avoiding this. You have to pay taxes unless you're never gonna take profit from your investment or face prosecution, pick one.
Mr taxman? Is that you?
So many ways to avoid if you wish too.
Best thing for you to do is not give advice.
Says the taxman
Well said! @@sidonio123
Very helpful and in line with what I have seen elsewhere. Thank you
Glad it was helpful!
Another Excellent Video !!! Thank you !!!
Thank you, I'm glad it was useful
Adaxum is making big moves in the DeFi space. I’m thinking this might be a solid long-term hold.
They don’t want the average person like myself and many people to make money , the system is set to keep us down, I'm so tempted to make a channel myself and unite with people like me
Trump is pro crypto... Maybe he will shake things up abit which might affect the UK... Just a thought 🤔
5:05 You're saying tax free amount reduced to 3K from 6K, I was sure it was still 12K tax free in tax year 23/24 which drops now to 3K.
thats correct ---she was not right
GCT allowance is £6000 for 2023/2024
GCT allowance will be £3000 for 2024/2025 onwards.
She is correct
Love your explanation. Many thanks. What if you bought 100 crypto tokens (same one) at £100 (say 2 years ago), 100 at £200 and 100 at £300 at different times. Then you sell 50 of those when they are at £400? do you pay tax on the £300, £200 or £100 profit on each token?
Thank you for watching! The pooling rules would most likely apply in this scenario - see CRYPTO22200 - Cryptoassets for individuals: Capital Gains Tax: pooling
@@KiranKaurFinance Thanks again! I've never had anything worth claiming before and been PAYE so all this is new to me lol.
does step finance provide insights into the solana ecosystem?
What is the best way to make money from crypto investment as crypto is turning around massively.?
I think all you need is an expert assigned by a brokerage company that will trade for you and handle your capital professionally and give you weekly returns of investment without any extra fees attached
I personally employ Ms. Evelyn Turner as my t'rader. Her ability to t'rade and produce big pro:fits, in my opinion, is excellent.
Yeah that's right I think the best way is to invest with a professional, at least it saves the trauma of too much losses.
Seeing a remark regarding my manager Evelyn Turner is quite energizing. It was just like this when I first met her a few weeks ago. Having started with just 4k about 2-3 weeks ago, I have already made it to 21 k. She is very remarkable!
Goodness gracious I'm so excited seeing Ms.Evelyn Turner been mentioned here also. Didn't know she has been good to other people too, this is wonderful because I also started with a RUclips referral like this
How can you tax crypto when it’s not regulated 😂🤪😂
It doesn't have to be regulated to be taxed. The exchanges, like binance can give the information to hmrc.
@AutoTradingAi Binance erases all activity after a certain time. Others record the lot.
Dubai has announced no tax on crypto