Quote from: Becassine on Today at 03:50:01 PM

Quote from: zasad@ on July 05, 2023, 12:58:18 PM

Quote from: virasog on July 05, 2023, 07:16:18 AM

Quote from: zasad@ on June 30, 2023, 12:51:57 PM

To buy real estate for cryptocurrency you need to solve two main problems:
Find a notary and a lawyer who will execute the contract and register this purchase.
You need to pay taxes on cryptocurrency, read the latest tax guides:
https://coinpanda.io/guides/crypto-taxes-france/
https://blockpit.io/en/tax-guides/tax-crypto-guide-france/
Pay your taxes, but don't feel like an idiot afterwards. Some tax rates are inadequate.

The problem to find a notary and a lawyer is not much of a hassle but the problem will be to find a customer who will be willing to accept crypto in order to sell the house. Usually, people will hesitate to receive payments in cryptocurrency as they believe that due to the highly volatile nature of crypto, the price may dump and causes an instant loss.

Secondly, these crypto transactions can only be executed publicly in a country where crypto is legal and the government has no objection to transacting publicly in cryptocurrencies.

As far as the tax is concerned, the parties will have to pay the taxes, either way, whether those choose fiat to execute this deal or use bitcoin/crypto.

Loss when the price of cryptocurrencies decreases is not the main reason. For example, I would sell real estate for cryptocurrency without any problems, because I don’t want to deal with banks, and a cash transaction is not safe.
But the seller of real estate has another problem in the form of a tax declaration of cryptocurrencies later. Money in a bank account from the sale of real estate should not be subject to additional taxes.
If anyone knows, tell me what is the tax deduction for the sale of real estate in France?

Capital gains tax depends on several factors:

- Is it a principal residence or not?
- Number of years held.
- Amount of capital gain

Etc ....

And there are exemptions too, all explained on the french tax site => https://www.service-public.fr/particuliers/vosdroits/F10864

Thank you, oh nagogs on real estate in France, you will run away. The article says:
"In all cases, you are exempt from capital gains tax on any property that you have owned for more than 22 years."
In Russia, this term is 3 years and it does not matter what kind of property you sell, the main one, where you live or the additional one, which you use or not.