[ HTJ Podcast ] Crypto Taxes in Ireland
https://www.youtube.com/watch?v=dau-KAImqZA
DERREN JOSEPH:
Another question that I've been personally getting a lot as well, crypto. How does the Republic of Ireland view crypto?
DAMIEN MALONE:
Yeah, there's quite a lot of that floating around. And of course, there's quite a lot of people in Ireland that probably aren't in any way experienced in business that decided to put their life savings into crypto and have turned whatever their life savings was into a multiple of where it is and now realize so, what the tax office in Ireland says is it's really the same as trading in any currency. So, in most cases it will be liable to capital gains tax, the gains on it.
DERREN JOSEPH:
So, it is viewed as a currency in Ireland.
DAMIEN MALONE:
Yes.
#HTJpodcast #internationaltax #taxplanning #financialplanning #taxes #compliance #AdaptOrDie #internationalbusiness #offshore #expats #investors #offshore #liveyourbestlife #flagtheory #InternationalEntrepreneur #entrepreneur
https://www.youtube.com/watch?v=dau-KAImqZA
DERREN JOSEPH:
Another question that I've been personally getting a lot as well, crypto. How does the Republic of Ireland view crypto?
DAMIEN MALONE:
Yeah, there's quite a lot of that floating around. And of course, there's quite a lot of people in Ireland that probably aren't in any way experienced in business that decided to put their life savings into crypto and have turned whatever their life savings was into a multiple of where it is and now realize so, what the tax office in Ireland says is it's really the same as trading in any currency. So, in most cases it will be liable to capital gains tax, the gains on it.
DERREN JOSEPH:
So, it is viewed as a currency in Ireland.
DAMIEN MALONE:
Yes.
#HTJpodcast #internationaltax #taxplanning #financialplanning #taxes #compliance #AdaptOrDie #internationalbusiness #offshore #expats #investors #offshore #liveyourbestlife #flagtheory #InternationalEntrepreneur #entrepreneur
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