Quote from: Pi-network314159 on April 02, 2025, 04:49:21 AM

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?

How is it in your country ?

i dont know about other countries but for my country Nigeria buying house with bitcoin is tax free. it is simple, if you dont have client that accept bitcoin as a medium of payment since bitcoin is not wildly accepted, them you have to sell the bitcoin to fiat and use the fiat to buy house. once you buy any property its yours forever you might be paying tax as a citizen of the country but not for the properties you acquire. most times the bank will deduct it from your salary which would not even affect you it is nearly unnoticeable

Bitcoin is allowed in your country Nigeria but not in my country Bangladesh. Buying a house with Bitcoin may be tax free in your country Nigeria but in my country, if you find any evidence of Bitcoin usage, legal action is taken. However, we do not use Bitcoin, but we convert the amount of Bitcoin we earn into our country's currency, but in that case, of course, we convert it into our country's fiat currency through the central exchange and then meet our daily needs. But of course, we have some local agencies in our country like Nagad/Bikash through which we convert it into our country's local currency, then the government takes a certain portion of tax from these. We can never use it tax-free.