Quote from: jackg on Today at 01:56:14 AM

There are rumours the government may double cgt in the UK. At the moment:

If you make more than your personal allowance in income - you have to pay 20% cgt
if you make less than that in income you have to pay 10%

(I think it's based off income but not 100% sure).

You buying a house with bitcoin will depend on a buyer being willing to accept it. Its happened before afaik but might an unlikely goal to secure any property you want with it.

If you pick a solicitor right you can probably use bitcoin as a proof of funds but sales also take 6 weeks to go through so you likely won't get an optimal price to pay keeping your funds in bitcoin during that time (and bitcoin is less reversable and less traceable than fiat do there's a risk there too).

Just try to keep enoughg % aside to cover the taxes.

Thanks for the response. Yes, I heard that rumour about CGT in the UK.

What I really want to know I suppose is IF a seller in the UK was willing to accept bitcoin/crypto as a currency for their property, would the UK government allow it and [then] how would the tax journey pan-out in comparison to the £? I mean, if somebody in the UK (or anywhere, I guess) accepts X amount of bitcoin for their property, does it save me any money in the long-run by paying for it with bitcoin when the tax man is George Orwell's nightmare vision for the 1980's?

The bottom-line, I suppose, is am I able to purchase property with cryptocurrency and how much money if any can I save by doing so?