Hi all,
I’m looking for some thoughts on avoiding CGT on Bitcoin and other Crypto’s. All holdings’ profits are currently UNREALISED therefore no taxable event has been created, yet.
What’s stopping me (or someone I trust so to avoid creating a direct ownership link) from creating a company in Dubai, that company ‘finds’ my ledger with all passwords attached, and then sells my BTC on an exchange that the Dubai business is linked with?
This goes back to the old “lost it in a boating accident” story, but I think it has some merit. Essentially, can someone be taxed on Bitcoin they have found?
All thoughts are greatly appreciated. For clarification, no sale of any crypto asset has occurred yet.
Cheers!
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