Re: [BTC-TC] BTC Growth: Capital Growth via Hedge Fund-Style Investing
Note on my feedback; I'm no native English speaker (Dutch) but I read your words as being very condescending. In Dutch if you refer to a third person like you did, it's considered quite offensive. I like to think that I'm quite good at English but I might have mistaken your answer there (if so please let me know).
I am a native English speaker. I have interpreted Dr Greg's comments as being somewhat formal but not impolite, consistent with what you'd expect from someone running a hedge fund. I guess you'd call it "maintaining a professional distance". My impression is he does not want to appear to be on intimate terms with any of his investors for fear of appearing partial (we'd be disappointed to find out he'd been dispensing hot tips to certain favored individuals, for example).
My 2 cents.
OK, I'll take your words for that then
@Greg, if that is the case, my well meant apologies for any harsh things I said. Never expected a language barrier in the English language
Back on topic; can you elaborate a little more on what you said regarding the reporting you have to do for English taxes and deposition of records?
Correct me if I'm wrong, but your Ltd qualifies for Abbreviated Accounts (I think they call it that?), which do not need to be audited. (There's a 3.26M GBP limit there I believe?). This means you only have to report a short balance sheet and turnover is not even required?
Will the bitcoin assets you now hold in name of the Ltd be reported as Assets in your balance sheet? Or do you follow the same reasoning there that as long as they haven't been converted to fiat they don't have to be reported?
Thanks in advance,