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SEC Sues Bittrex Crypto Exchange and Former CEO. Algorand deemed a security along with OMG, DASH, ALGO, TKN, NGC, IHT as Securities Traded on Bittrex in Complaint
What is the most efficient and economical way to automate DCA?
$IHT First Real Estate Blockchain ready to come out of the wood work for some HUGE gains, 10,000X plus more available on gate.io soon to be more. priced at $.002 and less than a billion in supply , thos token has the potential to have some serious GAINS.
$IHT/USDT on 1hr on gate.io extremely bull and ready to make a 10,000X rally, currently $.002100 market cap under $2,200 and growing daily. FIRST REAL ESTATE BLOCK CHAIN
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The IHT exemption is only like $14m and will go back down if the tax cuts are sunsetted (they won’t be) After that there’s no avoiding it without another vehicle like a GRAT
Or just scrap them both (IHT and step-up basis). Let heirs pay the cap gains tax on the sale. The heirs get the net proceeds and the government gets the gains tax. I’m not an economist so if there’s something I’m missing feel free to put me in my place lol
If the rationale behind the step up basis it is to prevent people paying inheritance tax AND capital gains (which makes some sense), make it apply only when IHT was paid. If you avoided IHT through exemptions, the step up basis shouldn't apply. At the moment you've got people avoiding both IHT and CGT.
Inheritance tax? No idea where you’re based but here in the UK inheritance tax is 40% on the deceased’s estate above £325k including all property, investments, crypto, etc … an exception to this (currently, but could change …) is pension if the deceased was under 75, I guess you could consider buying crypto through a pension investment. I’m pretty sure that any crypto will be sold or transferred at the (then) current value and any gain (between your purchase price and the transfer/sale value) will be liable to CGT against the estate. If you pass it on without declaring it (e.g. already give your children access to your crypto wallets) your children might have to prove how they received it and could end up paying IHT and CGT and interest on the unpaid tax and possibly be fined for tax avoidance! If this is something you’re serious about doing (and you no longer need the crypto and you can trust your children to not spend it!) a better approach might be to gift it now, pay the relevant CGT (due on the gain at the time of transfer) and hope that you live at least another 7 years as IHT works on a sliding scale. I found this which pretty much confirms this … https://community.hmrc.gov.uk/customerforums/cgt/938e12a8-14b3-ee11-a81c-6045bd0ba00a
OMG Network (OMG), Dash (DASH), Monolith (TKN), Naga (NGC), Real Estate Protocol (IHT), and Algorand (ALGO).
Some of the coins from [the complaint](https://www.sec.gov/litigation/complaints/2023/comp-pr2023-78.pdf) the SEC claims are securities: * ALGO * OMG * TKN * NGC * IHT
Along with: OMG, DASH, TKN, NGC, IHT
>The complaint lists 6 tokens that the SEC contends were illegally sold as "crypto asset securities." It's an eclectic list: ALGO DASH IHT OMG NGC TKN The SEC emphasized that this is a non-exclusive list of tokens that they contend were sold as securities on Bittrex.
>\[DB\] SEC Cites OMG, DASH, ALGO, TKN, NGC, IHT as Securities Traded on Bittrex in Complaint Well it's something but Bittrex is an exchange with only small volume
SEC Cites OMG, DASH, ALGO, TKN, NGC, IHT as Securities Traded on Bittrex in Complaint.
I think this is a very under-developed part of the Bitcoin eco-system. As price increases and hodlers get older I think it will become something that becomes increasingly important to people. Some of the higher-end multi-sig packages with people like Casa offer IHT planning as part of their service. I've heard people talking about having smart contracts written where if you don't sign from your wallet every 2 years, for example, then the funds are released to a wallet held by your estate beneficiary. Adam
Never say never. Have you considered the IHT implications of a lifetime HODL?
FUCKING SUBSTRATON......THis mother fucker will hunt me forever.......Changed all My BNB which I bought for a $1 for this SHITTTLOHT:OHTO"IHT"OIHTzvdfbhr #MADETOMOOV
Can you already invest in real estate tokens there ? I didn't see anything like it o'n their website, but that is the case for most projects like this (Propy, Realio, Rhove, Polymath, IHT) The only one I was able to invest on is Lofty.ai (works on Algorand blockchain), but even there the tokens get sold very fast. They plan to release new properties every week though so the supply and liquidity will increase. What other real estate tokenization projects do you guys know, besides the one I mentioned above ?
You might also what to leave it to a minor, say grandchildren and you don't want them to access it until they are 21 for example. Other trusts could be charitable of course which save IHT (in the UK) for the long term benefit of charities etc
You only pay 40% income tax if you are earning over £500k per year. Ultra rich with multiple milions of net worth will pay hardly any IHT as they can afford to plan and pay for creative accountants and financial advisors to set up trusts, or transfer property to LTD company with growth shares gifted to children, while still retaining control of the company via freezer shares. Even simpler just use a exempt transfer to gift the majority of the wealth to kids 7 years before death and get life insurance to cover the tax liability in case of premiture death. Yeah there will be some capital gains to pay but it will sting s lot less than IHT. IHT ends up being a tax that only applys to the moderately wealthy and unprepared. I have been living abroud in Vietnam for about 5 years where income tax is very low (10% on paper, less in reality) that most of the general public dont even pay due to lack of enforcement and dealing in cash. Yes there are a lot of problems here but far less than the huge difference in tax rates and cost of living with the UK would suggest. Havent ever seen any beggers or homless people here other than pictures of privileged foreigner begpackers where mummy and dadybhave cut them off. Familys and nabours help each other out a lot more here, probably partly because they can afford to as they get to keep all / more of what they earn. AFAICT people retire earlier here too. If the language wasnt so difficult i would stay here. Honestly dont know how the gov here raises enough money. I assume companies are taxed quite heavily and import and export dutys are fairly high. Taxpayers in the UK get atrocious value for money.
Most of the people I hear complaining about inheritance tax will never pay it, and are often surprised when I point out the limits. For a married couple that make full use of the transferable main residence limits, they won't pay IHT on properties up to £1m. Yep, 0% tax on inheritance of £1m. The thresholds for other people (unmarried, not making use of allowances etc) range from £350k to £700k. That seems extremely generous to me, considering I'm paying 40% PAYE plus 7% NI on my salary. ​ I often hear the argument that people worked hard for that house. Yeah but... I worked hard for my salary, but I have to pay tax on that. And if I want to buy a house, I'll pay a five-figure amount on stamp duty. Why should someone inherit a huge house tax-free, when the people working for a living have to pay up? ​ Next, regarding your point on tax on tax - that's a common misconception, it doesn't really work like that. Our economy is circular, you tend to pay tax on a lot of events, and it goes back into services (from the NHS to roads to the military) and that cash makes it way round the economy and keeps everything moving. Say you buy an apple from Tesco. To pay for it, you'll have worked, paid income tax, NI, VAT on the apple. Tesco will have paid import tax, fuel duty, NI on staff, business rates on the shop. Corporation tax, dividend tax etc will be paid on the profits from the sale of that apple. Nine different taxes in the chain for you to buy an apple. Taxes are everywhere in the economy. So when people look at something like inheritance tax and say "oh but then I'll have been taxed twice" they miss the point that tax occurs at thousands of points in daily life, that's how it works.
I’m assuming here you mean between husband and wife or civil partners? Otherwise gifting between yourselves in a non-marital relationship means you can potentially be subject to IHT liabilities if you pass away within 7 years. You’re also only allowed to gift certain amounts annually if I’m not mistaken. Thought it’s been a little while since looking into it all properly. Please correct me if I’m wrong as I might also need to consider this approach if I make enough gains before getting married
Def not the only coin. Try vechain, stormX, IHT(hidden gem), LISK, ONE, etc.