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#crypto #trusts
Hi all , I’m new here , and very grateful to have found this new path . I have a question regarding my cryptocurrency accounts . I have not got a trust set up yet . My crypto currency account has been used for 4 years , so if I transfer existing crypto account into trust account, does the tax office have the right to state that I had pre existing funds in my account, therefore they are subject to tax …. I heard a saying recently, “first in line first in law “ .. would this be correct ? Or should I start from a clean slate , cheers
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5 Replies
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You could attend the next Q and A on the 13th Nov as Mark uses bitcoin I believe and so will know how to navigate this path… https://solutionsempowerment.org/event/general-qa-november-13/… If you decide to attend get there promptly and put your question into the chat with Q…preceding your question so it can be easily seen.
solutionsempowerment.org
General Q&A: November 13 – SolutionsEmpowerment.org
General Q&A: November 13 – SolutionsEmpowerment.org
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Hi, I was away when Mark spoke about crypto. Is there any module video on line I can watch.
Regards
Bianca
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This reply was modified 6 months, 3 weeks ago by biancatredrea.
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Hi Bianca , he spoke about crypto on a few of them , if you search “crypto “ in the search bar , it will list Q&A s with those kind of questions in them . 6/11 was a good one , with a few crypto questions.
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This reply was modified 6 months, 3 weeks ago by
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Ok , thank you. Will do my best , to get in and ask. 🙏
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I am in a similar position. In the UK the government website information is contradictory.
Under the section about CGT it states that CGT might be payable when an asset is taken out of or put into a trust.
However under the section about crypto it lists four instances where CGT may be payable on crypto.
Non of these four mention “taking out or putting into a trust”