Hello all,
Ive read about some of these new blockchain platforms for real estate, and most recently Atlant. But I seriously doubt theyre legal, or not in many countries. There are so many constraints/taxes concerning real estate, how would they deal with this if its all decentralized?
I was also wondering about the way tax would be collected based on building tokens. Would that be indexed to token exchange rates to FIAT currency? Ive heard that some countries are starting to allow taxes to be paid in bitcoin.
No actually the management company that manages the building listed on the platform takes care of all this. Its responsible of the distribution of all benefits and expenses(rent, renovation
) to the building tokens owners. And this includes paying taxes. There is nothing to do with the exchange rate.