Post
Topic
Board Bitcoin Discussion
Re: Is it possible to buy a house with BTC in your country?
by
Nothingtodo
on 30/03/2025, 01:53:40 UTC
In some countries, you can buy or rent a house in bitcoins. But what are the tax and administrative implications?

In France, you can, in theory, buy with BTC, but you have to pay taxes and notary fees in euros.

Since you also have to pay capital gains tax and (unless I'm mistaken) prove the origin of the bitcoins. Justifying the origin of funds when you won cryptos with games or airdrops and then sold them to buy btc 15 years ago is almost certainly impossible.
In the end, it doesn't seem so attractive to buy in btc in France because of the administrative and tax complications, in addition to the 30% capital gains tax (unless I'm mistaken).

How is it in your country ?

Bitcoin is known as an illegal currency in my country, so it is not possible to exchange anything for Bitcoin in my country. Since Bitcoin is an illegal currency, there is no question of imposing any tax on it. However, we circumvent the legal framework and exchange Bitcoin for our local currency. However, we accept any product or service through our local currency by exchanging Bitcoin.