Quote from: Becassine on March 28, 2025, 11:35:38 AM

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 ?

If I express my opinion in the context of my country, I will not be able to receive any products or services through Bitcoin in my country. In my country, Bitcoin is a banned currency that is not approved by any government or central bank. There is no tax imposed on Bitcoin transactions, so there is a legal prohibition on buying and selling any services or goods. But Bitcoin is legally approved in the United States, Canada, the European Union, El Salvador, and CAR, which allows goods or services to be accepted in exchange for Bitcoin in those countries. Since they have imposed a reasonable tax on Bitcoin, they can keep any amount of Bitcoin in their bank account or as a reserve at any time. Since they have approved Bitcoin as their legal tender, the people of that country can buy flats, apartments, cars, real estate and even any kind of service if they wish.

Since the free trading of Bitcoin basically requires government approval and central bank approval, neither of these two options is viable in my country. So even though the people of my country transact Bitcoin, they do so illegally and by evading government taxes. If someone makes a public transaction of Bitcoin, legal action is taken against them and they are punished according to government regulations. That's why people in my country refrain from publicly trading Bitcoin for fear of getting into legal trouble.