Regulation

Some Bitcoin holders tax bill is now set when they leave the country instead of when they sell

CryptoSlate2h agoUpdated 2h ago
Some Bitcoin holders tax bill is now set when they leave the country instead of when they sell
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In Canada, Australia, and a handful of other countries, leaving now triggers a tax bill on Bitcoin gains that have never been sold. Both countries treat the moment someone stops being a tax resident as a disposal, calculating the gain at that day's market price whether or not a single coin ever changes hands. Jeremy…

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