New Crypto Law Being Introduced In The UK!
9:02
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@richclean
@richclean 24 минут бұрын
hopefully ‘Uptober’ will see crypto moon so owners can sell by the 29th 🤔 of course you don’t have to sell everything but what you haven’t covered is the slim possibility of ‘unrealised’ tax ie will they try and tax us before we sell 😮
@KaylynnR77
@KaylynnR77 Сағат бұрын
Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 2.3Bitcoin to a decent 27Bitcoin....At the heart of this evolution is Seren Wintersun, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.
@KaylynnR77
@KaylynnR77 Сағат бұрын
SHE IS ON TELE GRAM.
@KaylynnR77
@KaylynnR77 Сағат бұрын
@Serenwintersun
@lburg99
@lburg99 Сағат бұрын
Trading without professional guide... Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders.
@NullaSempre
@NullaSempre Сағат бұрын
Productivity is never accidental; it is always the result of careful planning, dedication, and consistency.
@Kathleendinges
@Kathleendinges Сағат бұрын
I appreciate the professionalism and dedication of the team behind Seren’s trade signal service.
@humpmcwilliams
@humpmcwilliams 2 сағат бұрын
Awesome guys 🙏
@innovirtua
@innovirtua 3 сағат бұрын
Any hike in tax affecting Capital Gains in the UK by the Davos Party, should only be applicable to any investments made AFTER the budget announcement, and/or from when such measures are implemented. With no back dating like Brown did with Offshore back in the 90's. I know a handful of employers who will be on the boat the next day otherwise. Good luck Britain, if Starmergeddon includes Brain Drain II.
@markcharles4373
@markcharles4373 4 сағат бұрын
Meaningless, Crypto is Decentralised Finance. It’s a game of ‘Wak,a’Mole’ (Grey Area) as far as property control and Rothschild TAX. Crypto is International, so what right do countries have to tax their Strawmen who use it! Because that’s where we’re are heading. Just say no thank you to Government meddling. Keep Crypto ownership and the right to bare arms a Constitutional Right. (Decentralised) Because once the Rothschild State protects your crypto assets through legislative insurance, it will expected every citizen to hold their arms in the air and come out and pay tax on their surrendered crypto assets. Everyone knows the exchanges cannot be and should not be held responsible for any crypto losses. It’s a gamble crypto investors take when joining any exchange. Keep Crypto Decentralized!
@chris_david_trades
@chris_david_trades 4 сағат бұрын
Crazy that the UK deems anyone making over 50k a year well off. Couple of kids and try to live in an area where you won't get stabbed and that 50k dissappears pretty quickly.
@ninomallardo
@ninomallardo 5 сағат бұрын
Very nice job covering the basics. I am sharing this not to brag but to show what’s possible. I’m retired and I have 2 separate portfolios. One is a long term growth dividend portfolio of stocks where i sell covered calls strategically and my 2nd portfolio is the Crypto trading strategy where its all about income. This year I am on pace to make $120K in realized options profits and around $730K in crypto profit... What is great is that my long-term portfolio is still up significantly as well. As such, it’s possible to generate excellent income but still have a total return perspective. ...Amidst this, the insights of a knowledgeable guide like that of Aldona Šabanienė's can be crucial. Her expertise in navigating the nuances of trading has been the key for Me understanding and making the most of these emerging financial trends.
@westra42
@westra42 5 сағат бұрын
I heard her strategies are really good, How do I reach your Coach/mentor...
@ninomallardo
@ninomallardo 5 сағат бұрын
She mostly interacts on Telegrams, using the user-name.
@ninomallardo
@ninomallardo 5 сағат бұрын
@AldonaSabaniene
@andrewbielecki6154
@andrewbielecki6154 7 сағат бұрын
I already pay too much tax …. And I’ve paid tax on the money I’m invested and at my own risk, absolute robbing tw@ts. They are keeping everyone under a boot … this communist government.
@hodlmonkey
@hodlmonkey 7 сағат бұрын
this one video has been 589% more helpful than the deluge of daily "muuun any minute" nonsense that everyone else is spouting across X and yt - thankyou. to add - its VERY clear by the scale and scope of all these plans that either they (govs, ppl in charge, higher ups, elites etc... basically non-plebs like me) expect this to happen VERY VERY soon.. as in months at most... 6-18 months ...maybe less. I also believe people holding a certain few digital assets are going to profit beyond their wildest dreams. I'm hoping that i will be able to let banks or FI's take custody of these assets then pay out monthly. I'll happily pay my taxes on that income. I've been doing my math for the past 6 years based on a 40-45% tax payout anyways and i'm happy with the numbers even if the best staking option i got was 4% APR Its the inevitable black swan event kicking off i'm waiting for.. the reprogramming of the masses as they implement a cyber pandemic... but happening as a result of something the govs can hold their hands up and say "hey look... it wasnt us.. it was a finger of god!)... from there ppl will welcome the changes govs implement... a supply shock... no water for 2 days... no electric etc... no internet.. basically a giant purge and shock to ppls reality to help them accept the new firmware. they're warming ppl up now with the diddy distraction... thats just an appetiser... its about to get a lot more gritty and real for many people.
@cryptorichierich1597
@cryptorichierich1597 7 сағат бұрын
Govt isn’t doing anything to help you, so what’s their angle?
@aDeedADay
@aDeedADay 8 сағат бұрын
as soon as it goes up enough im out of here and wont look back. Absolute disaster is this country why would you stay other than friends and family
@exvibe
@exvibe 8 сағат бұрын
Hi I contacted Myna after watching your first video on them and made an appointment for a consultation. It said in your video that they would offer a free chat. Even though I had an appointment no one even called very disappointing. They not keeping up their part of the deal you promoted....
@thesundayartclub1390
@thesundayartclub1390 8 сағат бұрын
I'm not sure I understood what you said about the 150k Tax bracket? Did you say 60%?
@bigben8272
@bigben8272 8 сағат бұрын
I am not a genius but the one thing we can guess is CGT will go up.
@8daysaweek-f2m
@8daysaweek-f2m 8 сағат бұрын
Here comes the communists and the socialist left lefties giving the future generation no incentive to achieve greatness
@btpennycook
@btpennycook 9 сағат бұрын
I am moving to Thailand CGT is only 15%
@michap9839
@michap9839 5 сағат бұрын
Cyprus less
@btpennycook
@btpennycook 9 сағат бұрын
Can you gift your wife a once off, gift of your crypto tax free ??
@neil7494
@neil7494 9 сағат бұрын
can we just take a crypto loan SAY FROM LIQUID LOANS in the stable coin then off ramp that
@travelwithwill1
@travelwithwill1 10 сағат бұрын
It’s a joke! In Switzerland it’s 0% CGT. Why is it a super rich country because rich people invest there.
@MarkB4444
@MarkB4444 10 сағат бұрын
I’m a higher rate tax payer so I get shafted to begin with, then shafted on CGT for hard work and risk on crypto gains and trading, and if I gift some of that to my family they get taxed too. If that wasn’t bad enough, seeing CGT rise any further before the end of this bull market would give me enough reason so leave and cash it in another country with little to no CGT. This country is fucked enough never mind taking more. I can’t even get an extra bloody wheelie bin paying 6 figure tax. Hope nobody on here voted for this shower of bastards… People never learn with Labour.
@ejkalegal3145
@ejkalegal3145 5 сағат бұрын
The people weren't exactly given much of a choice. Do you honestly think the Conservatives deservd the stay in power??
@robertgemmell1485
@robertgemmell1485 10 сағат бұрын
What rate would you be taxed if you don’t work and don’t have an income? Still the 10/20%? Etc or are you allowed an allowance of £12500 then pay tax? Or is CGT a standalone and it doesn’t matter if you’re working or not?
@michap9839
@michap9839 5 сағат бұрын
it's 3000 not 12500
@CuBixxx86
@CuBixxx86 10 сағат бұрын
Time to leave.
@lgx2410
@lgx2410 11 сағат бұрын
Surely most people lose on crypto and end up writing it off against their tax?
@neomatrix3612
@neomatrix3612 11 сағат бұрын
These guys are leeches, sucking the life out of us. All we're trying to do is make it in life and you have them sucking the life out at every opportunity.
@aulday
@aulday 11 сағат бұрын
Putting cgt in line with dividens will be such a hike that surely they'll end up with less tax as people will either hold their assets or migrate 🤔
@luminor0077
@luminor0077 11 сағат бұрын
Bare in mind... people that are considering leaving the country... Starmer is already planning a Leaving tax... or his so called Exit Tax... you will have to pay a huge tax fine to leave the UK in the near future to escape.
@luminor0077
@luminor0077 11 сағат бұрын
We have to pay for the current £7million a day rate for illegal immagrants to get there free hotels with full free health service thrown in for good measure... and free credit card to use.
@Bufford2024
@Bufford2024 11 сағат бұрын
Half of burglaries remain 100% uninvestigated ... let alone unsolved. The biggest new burgler on the block will be the government ... burglering your block chain. The ultimate 2nd story man! 😅
@angieberry935
@angieberry935 12 сағат бұрын
I’m learning from each video. I consider this the best so far as there’s a number of tax implications to ponder on when making wise choices for crypto gains. Thank you both. 👍🏻
@jameskay428
@jameskay428 11 сағат бұрын
Thanks very much, glad the videos are useful!
@tombeeks3406
@tombeeks3406 12 сағат бұрын
im just a tadpole on a very large ocean
@tombeeks3406
@tombeeks3406 12 сағат бұрын
i wish i had the means to get a consultation with you james
@vm170
@vm170 13 сағат бұрын
Stable coin is not a property it's money
@vm170
@vm170 13 сағат бұрын
Never bullish in UK, i can't participate in most airdrops and list of CEXs where us from UK can trade on is going smaller and smaller. Bearish
@tombeeks3406
@tombeeks3406 13 сағат бұрын
its gambling shouldnt be taxed
@PabloTBrave
@PabloTBrave 13 сағат бұрын
If they don't come in in October they will next year .Labour hates pensioners as they don't vote for them, and hate anyone with money even the smallest amount of money, this will be the first of many very painful budgets . Best bet don't sell anything for 5 years, labour WILL be gone by then , hopefully far sooner
@dyztructive
@dyztructive 13 сағат бұрын
I cant stand the UK government
@hassandiallo5326
@hassandiallo5326 14 сағат бұрын
Are you Mr bad news?🤣 Trying putting some positivity in your videos.
@ralphprice7365
@ralphprice7365 14 сағат бұрын
If your income is less than £50K (approx) then CGT is only 10%.
@BlackBeltNob
@BlackBeltNob 14 сағат бұрын
Salary income or investment gains/income?
@ralphprice7365
@ralphprice7365 13 сағат бұрын
@@BlackBeltNob Apparently a combination of both according to the video. Though how that sits with the recent decision to make crypto a type of property, I do not know.
@jameskay428
@jameskay428 11 сағат бұрын
Yes, I believe you need to take the capital gain and income into account unfortunately. So, most crypto investors who make large gains will be paying 20%. I don't think the new bill affects this
@ralphprice7365
@ralphprice7365 11 сағат бұрын
@@jameskay428 Kind of disappointed that it didn't stay at 10% for income less than 50K, but what the heck, if I am paying 20% then something has gone right :)
@essanjay8604
@essanjay8604 14 сағат бұрын
When did Brits start using the word momentarily??
@northbouy2625
@northbouy2625 11 сағат бұрын
Last month.
@Fitrahproductions
@Fitrahproductions 14 сағат бұрын
We will protect your crypto they saying is essence so thhy can screw your pockets over
@Dipsomaniac
@Dipsomaniac 15 сағат бұрын
If they bring it in line with income tax, I'm leaving the country and they can kiss goodbye to ever seeing a penny of tax from me.
@aDeedADay
@aDeedADay 8 сағат бұрын
i fully agree. im in the same boat.
@EUCScotland
@EUCScotland 15 сағат бұрын
Judging by the comments here is gonna be tough to sell your advice on one to one tax help.....heh
@paarker
@paarker 15 сағат бұрын
Tax slaves. They think they own us. I don’t want to use their crap currency to trade with other people. If I want to voluntarily trade crypto and so does the other person: what business is it of government.
@garywood6767
@garywood6767 16 сағат бұрын
If we sell crypto now before the budget to realise the capital gains, does that mean we avoid any higher rate CGT even if it comes in with immediate effect?
@TomaszMro
@TomaszMro 16 сағат бұрын
My accountant said yes because they can’t tax you a higher tax rate on previous transactions. Only transactions from the date if it becomes immediate.
@TheGriffinUK
@TheGriffinUK 16 сағат бұрын
This is all guesswork. Let's see what actually happens.
@nigelrogan8013
@nigelrogan8013 16 сағат бұрын
If your spouse is on lower rate tax isnt the best option to gift to them and get them cash out.
@hamishmaclean3920
@hamishmaclean3920 16 сағат бұрын
I've been using Swissborg in the EU and Caleb and Brown in Australia. Both excellent on and off ramps for UK residents.
@FirstDiplomaIT
@FirstDiplomaIT 17 сағат бұрын
If they bring in changes to CGT tax thresholds income tax, when would this start? At start of budget or new tax year April 25?
@leecable1851
@leecable1851 16 сағат бұрын
April 2025 as this tax year threshold has already been set by previous government
@PaulB-q3d
@PaulB-q3d 14 сағат бұрын
They can make changes anytime, especially if waiting would allow avoidance.
@leecable1851
@leecable1851 12 сағат бұрын
@PaulB-q3d no it's in British law that the tax year must run from April to April and no adjustments can be made during that tax year, any new laws regarding must run from the next tax year at the earliest point so any laws in the autumn budget must be implemented to start in the 25/26 tax window , otherwise it leaves the government open to being sued for giving false financial advice on taxes
@jameskay428
@jameskay428 12 сағат бұрын
We discuss this in the video at 22:34
@Zrael536
@Zrael536 17 сағат бұрын
Will the changes take effect immediately after the budget or in the new tax year? I'm assuming the former
@jameskay428
@jameskay428 12 сағат бұрын
We discuss this in the video at 22:34
@sarahroberts6413
@sarahroberts6413 17 сағат бұрын
Thank you. Very informative
@jameskay428
@jameskay428 12 сағат бұрын
Thanks, glad it was helpful!