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by celticninja
4691 days ago
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not necessarily. If i buy a collectable trading card or spiderman comic and keep it for 3 years then decide to sell it, it usually will not attract capital gains tax. I am not equating bitcoin to collectables but the precedent is there. Additionally they (German govt/tax authorities) recently advised that you would be liable for capital gains tax on bitcoin profits if you held the bitcoins for less than 12 months, held for over 12 months and you do not have to pay tax on any gains. This appears to be in line with that earlier announcement. |
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