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Why would you pay capital gains tax on a money transfer?
by gomox 9y ago
Why would you pay capital gains tax on a money transfer?
- sanderjd 9y agoI think because the implication is that the way the transfer actually happens is: 1. Buy BTC in the right amount in origin country, 2. Transfer it to another BTC address, 3. Sell BTC in the right amount in the destination country. I believe most countries will consider the sale in step #3 a capital gain.