Bummer. 50%?! Is that your tax rate?
My accountant in the US, two years ago, seemed to feel confident that I would only experience a tax event if I exchanged for fiat. Which I doubt I will ever do. I wonder now though. What if I buy something tangible with it? hm...
No, not at all. It was a comment based on what I would be happy to pay on my crypto holdings I draw down into fiat. The tax situation here, as per this post, is complicated and unclear; that's what this little rant is about.
That's the thought I've always had. It seems that's incorrect though, here at least.
I'm not taking my crypto to the grave and have no children so I'll be using it. I have factored it as part of my income when I don't work any longer.
That's stitched up here too, using crypto to make purchases.