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 ?
So far, there are some properties are being sold and accepting out crypto payments but im not aware if there would really be some sort of additional payments when it comes to taxes and similar but considering that this do talks about real estate then i wont really be that surprised if its really that there would really be taxes that would be paid on which considering that government wouldnt really be allowing that they cant be able to get up on what they do want or simply anything that will really be processed out on buying up something specially with properties then they would really be that needing up to go with those procedure.
If ever there would really be those transactions in between person then it would really be that possible that they would really be that needing up to pay up with that crypto payment option but even if
you do really that go with those fiat transactions then you would really be that still needing up to pay those taxes on which simply means that there's no way that you can avoid up these things in the first place.
Its always been part when you do buy a property and its really just that rather be that always be in default thing.