OCT 26, 2023
Better Now as a Gift? | Cryptocurrency Inheritance Planning
Tax wie, what is the most beneficial for your loved ones? Receive crypto assets as a gift or inheritances.
You have made it! Our most sincere congratulations.
After years of smart trading and HODLing crypto, you have accumulated a considerable portfolio.
You have wisely navigated through the crypto space and avoided falling for scams, hacks, and accidental losses of wallets and crypto assets.
You are a PRO and your crypto portfolio is secure, safe, and keeps growing.
But NOW IT IS THE TIME to start thinking about your loved ones and how they will benefit from all your efforts if something happens to you.
And, would it not be great if your loved ones could enjoy tax-free crypto instead of having to pay inheritance taxes?
Inheritance planning - Cryptocurrency as a gift.
How is Gifing Crytpo Taxed Around the World?
You need to do your own research but, as a start, you may want to read the article 'Tax on Gifting Crypto' by Koinly.
This is a short extract from the information presented in the article, plus the feedback from one of our readers who live in Australia and made us aware of the gift tax regulations in his country:
How are Crypto Gifts Taxed in US
You can gift up to 17,000 USD, tax-free, per family member or friend.
How are Crypto Gifts Taxed in the UK
Gifting crypto is taxed in the UK but there are some allowances for the spouse and civil partners.
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