To avoid huge taxation on crypto profits in Europe, I intend to send her half of my crypto portfolio.
I consider making an account for her on Binance, and funding her account with some of my crypto assets. She can cash out later this year.
If her Binance account is connected to her Latin American bank card, am I right that only Latin American tax agencies will be informed about her crypto assets/ transactions on Binance?
I don't see how a European tax agent would find her on Binance, when it is connected to a Latin American bank card and she does not have a European nationality.
At the moment she is a tax resident in Europe, but we want to move to Latin America around 2030. It is much more attractive for both of us to be tax residents there.
Always with the running away from taxation lol… a 33% or 50% on profit is a little steep you know. Almost feel as though you shared everything all because of a policy! I understand why you would prefer a 15% and quite frankly, everyone would but, after having to make this withdrawal in your wife’s Latin American account and it gets taxed there, wouldn’t you have need of it in Europe? Wouldn’t it be taxed there with whatever rate that applies to income tax, or course they wouldn’t classify it to be of crypto origin then or you really want to leave it be in your wife’s account till 2030.
If that be the case, then it would be a little unwise to withdraw from your Bitcoin portfolio. Altcoin, maybe but not Bitcoin as these would count towards your hodlings with a halving and possible bullrun accompanied with an ATH to come.