If it was on LEO, it wouldn't make any difference.
I may have found a CGT work around btw - if you earn more than the threshold, simply take out a DEFI loan to bring it back down again, hey presto, gains reduced.
It works in the States, don't know if it would work in the UK?
Hmm,that sounds like funny business to me! Has anyone pulled off that in the UK? I was reading an "interesting" 46 page article from HMRC as they are looking to regulate stablecoins and it's providers, along with perhaps getting the FCA on to provide some services with Bank of England. Despite all the smear in mainstream media, they are actually doing the opposite and trying to get ideas from investment companies on how to make crypto work and be regulated in the UK. Not that it would affect you too much if you're residing in Portugal now!
Anyway, I'm not close to the capital gains threshold at all but it's the income taxable events such as author rewards I'm looking into. Have spoken to a few users and witnesses from the UK, as well as an accountant. It's pretty convoluted but simplifying all the different ways of earning on Hive is the way to go. Hive-engine is a bit of an enigma so only considering what goes in and what goes out of that from my Hive account atm but further discussions to be had!
None of this is tax/accountancy advice of course, I'm not qualified 😁
If it was on LEO, it wouldn't make any difference.
I may have found a CGT work around btw - if you earn more than the threshold, simply take out a DEFI loan to bring it back down again, hey presto, gains reduced.
It works in the States, don't know if it would work in the UK?
Hmm,that sounds like funny business to me! Has anyone pulled off that in the UK? I was reading an "interesting" 46 page article from HMRC as they are looking to regulate stablecoins and it's providers, along with perhaps getting the FCA on to provide some services with Bank of England. Despite all the smear in mainstream media, they are actually doing the opposite and trying to get ideas from investment companies on how to make crypto work and be regulated in the UK. Not that it would affect you too much if you're residing in Portugal now!
Anyway, I'm not close to the capital gains threshold at all but it's the income taxable events such as author rewards I'm looking into. Have spoken to a few users and witnesses from the UK, as well as an accountant. It's pretty convoluted but simplifying all the different ways of earning on Hive is the way to go. Hive-engine is a bit of an enigma so only considering what goes in and what goes out of that from my Hive account atm but further discussions to be had!
None of this is tax/accountancy advice of course, I'm not qualified 😁
Some more clarity would be welcome for sure.