I read that when the rich need to buy something big, they don't bother selling their assets which would be a taxable event, capital gains etc. Instead they get an asset backed loan (use a million pound painting as collateral for a loan for example) at 1%. Apparently this is perfectly legal.
Does such a service exist in the UK where I can use bitcoin as collateral so I don't have a sell bitcoin, just use bitcoin as collateral? Happy to pay 1% instead of 20 something Percent for CGT.
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