Can't provide proof of origin?

[ikan]

He lives in Germany. They do not tax crypto gains if you hold them for more than 1 year. I

You make me happy for Kadinger.
Then I was mostly wrong on my previous post.
I'am happy to learn Germany is kinda Tax Free Zone for Btn capital gains.
For how long ?
Tax regs. can change pretty fast in Western EU.
Never for the good !
More and more often with retro-actions.

Stupid question : Kadinger wrote he doesn't have bank account.
Do the Landers banks or national ones in Gemany will accept with a new or recent opening account a quick 500.000 fiat Euros deposit with origin SoF Btn ?
In some neighborhood countries for the banks it is : NO
Kadinger want to invest into property in his home country.
The Notary will not tell Kadinger. But Noratry is expecting a snow white, easy and clear orgin of funds... Unless...

 

[daniels27]

Yes, crypto gains are tax free in Germany if you held them for over 1 year. Switzerland has no capital gains tax and they are taxfree too, unles you are engaged in commercial trading.

The banks won't like him. He now needs to sort out his documentation. And then probably approach a lawyer with the documentation to sign off on it. Or he used the car selling method to slowly deposit some cash. You should be able to depost 250k per year if you do it properly. YMMV.

 

[ikan]

Or he used the car selling method to slowly deposit some cash. You should be able to depost 250k per year

I am afraid Daniels27. That does already belongs to the Past.
Germany used to be kinda Cash transaction Heaven in Europe !!!
See how things moove quick here : new EU regs. under implentation for all states..
1) Maximum cash payement 10.000 euros, no matter why, who, when, how.
2) Each state is free to lower this limit (lower limits at 1.000 euro is already applied in some Western States)
3) Any professional or moral person involved in a cash transaction over 3.000 Euros must get the Id card to the payeer client.
----------
---------
Last and already applied => most western states : professionals or moral persons involved in any type of transaction/sale/service must report the client in case of any presomption.
=> please do understand : we don't talk about evidence of proof, or conviction about whatever about the client or payeer.
=> the professional is now liable in case of not declaring his "presomption"
----------
On the top end !!! Banks here had become completly paranoid !!!! The first mate of the taxman. Won the gold medal for reporting

 

[daniels27]

Yes, that if correct. You may want to deposit elsewhere. But even in Germany it is possible to run a good number per year in cash deposits.

 

[Kadinger]

You make me happy for Kadinger.
Then I was mostly wrong on my previous post.
I'am happy to learn Germany is kinda Tax Free Zone for Btn capital gains.
For how long ?
Tax regs. can change pretty fast in Western EU.
Never for the good !
More and more often with retro-actions.

Stupid question : Kadinger wrote he doesn't have bank account.
Do the Landers banks or national ones in Gemany will accept with a new or recent opening account a quick 500.000 fiat Euros deposit with origin SoF Btn ?
In some neighborhood countries for the banks it is : NO
Kadinger want to invest into property in his home country.
The Notary will not tell Kadinger. But Noratry is expecting a snow white, easy and clear orgin of funds... Unless...

Depending. When you have proper documentation and talk with the bank in advance its possible - again depending on the bank.
Notary is not asking for SoF unless its not a bank transfer (which is the only option to pay for a real estate since last year.

 

[Kadinger]

I am afraid Daniels27. That does already belongs to the Past.
Germany used to be kinda Cash transaction Heaven in Europe !!!
See how things moove quick here : new EU regs. under implentation for all states..
1) Maximum cash payement 10.000 euros, no matter why, who, when, how.
2) Each state is free to lower this limit (lower limits at 1.000 euro is already applied in some Western States)
3) Any professional or moral person involved in a cash transaction over 3.000 Euros must get the Id card to the payeer client.
----------
---------
Last and already applied => most western states : professionals or moral persons involved in any type of transaction/sale/service must report the client in case of any presomption.
=> please do understand : we don't talk about evidence of proof, or conviction about whatever about the client or payeer.
=> the professional is now liable in case of not declaring his "presomption"
----------
On the top end !!! Banks here had become completly paranoid !!!! The first mate of the taxman. Won the gold medal for reporting

Not true at all... First of all the new reg. is not in place atm.
Second, there is no limit at all for purchases between individual persons. So still possible to buy a car for 100k in cash (as long as you find someone who is accepting that much cash...).
But the bank have to report a cashin by the seller then. They will also ask for the buyers contract and when they see there a high and often cash payments of the person as buyer, there could ring a alert.

But I would disagree with you about the tax authorities in particular. Depending on the district and the industry, you can actually do whatever you want.
The restaurant I always go to has only had handwritten “invoices” when paying in cash for decades.

But if you have a shisha bar or something similar... Then expect monthly raids during business hours.

 

[daniels27]

Ok, how do you want to proceed? Do you want to try to reconstruct the transactions?

You want to deposit some cash?

You want to off-ramp abroad?

We are here to help.

 

[Kadinger]

Ok, how do you want to proceed? Do you want to try to reconstruct the transactions?

You want to deposit some cash?

You want to off-ramp abroad?

We are here to help.

Had the appointment with my attorney. Don’t want to write in public what we talked about. Can you send me a pm?

 

[OKboomer]

I contacted a local lawyer I know and he had solved problems like this many times. He made a plan and will pitch me that next week.
Citizenship of a small island country and bank account at hsbc and he has a company that wants to buy my btc.

Did this plan work out? How was the security of your transfer assured? Who had to transfer first? All such deals makes me pause always on safety grounds...

A CBI passport does a lot of harm. Don't do this.

What kind of harm does a CBI passport do?

I actually made myself a Mentor Gold membership with a new account shortly after my post, but found absolutely nothing useful there and regretted it very quickly.

This. I am tired of admins shilling mentor gold, as it adds zero value IMO. If anything, just make the whole forum paid, but mentor group has same discussions, maybe some more explicit in questions, but no less vague in answers...

Yes, you can still buy cars from private individuals in cash, but every bank deposit by the seller will result in a demand and that may work a few times, but not hundreds of times.

There are simply not enough banks to offramp with to keep showing the same story, and if two of them decide to report you and submit the same source of money you declared twice, this is already incriminating.

As a bonus, read my full answer. There is a better option. Trust me, you'll get enough girls elsewhere without the need for fancy cars. And Brazil also die not care what your declared where in your past life. They take your and your bitcoins stunning you paid taxes in the past.

In Brazil, if you are a foreigner and it becomes known to organized groups that you hold 8 figs in BTC, you will have a target on your head.

You can consider the unrecognized country of Northern Cyprus. The reason why it's interesting is because it can't share information with your German government via Common Reporting Standards, due to Germany not recognizing that it exists. It is easy to move cryptos into banks, tax free. And since the banks are almost all subsidiaries of Turkish banks, you can automatically request a Turkish bank account as well.

lol probably even sketchier than Brazil for safety, a literal no-man's land...

Had the appointment with my attorney. Don’t want to write in public what we talked about. Can you send me a pm?

If you could share your findings, here or via DM, would be interested to listen. Have been dealing with similar stuff for years, wasted a lot of time and money on different lawyers who gave me non-answers

 

[JohnnyDoe]

Did this plan work out? How was the security of your transfer assured? Who had to transfer first? All such deals makes me pause always on safety grounds...

Never ever trust a lawyer.

What kind of harm does a CBI passport do?

It has been discussed many times. CBI passports are harmful scams.

This. I am tired of admins shilling mentor gold, as it adds zero value IMO. If anything, just make the whole forum paid, but mentor group has same discussions, maybe some more explicit in questions, but no less vague in answers...

Certain solutions don’t come served on a silver (or gold) plate.

There are simply not enough banks to offramp with to keep showing the same story, and if two of them decide to report you and submit the same source of money you declared twice, this is already incriminating.

Good, albeit obvious, observation.

In Brazil, if you are a foreigner and it becomes known to organized groups that you hold 8 figs in BTC, you will have a target on your head.

Everywhere, not only in Brazil.

lol probably even sketchier than Brazil for safety, a literal no-man's land...

If you could share your findings, here or via DM, would be interested to listen. Have been dealing with similar stuff for years, wasted a lot of time and money on different lawyers who gave me non-answers

Lawyers are mere tools to be used for your own purposes. You can’t expect them to solve your problems. They should only follow your directions and take care of the technical stuff (filings etc.)

 

[OKboomer]

Never ever trust a lawyer.

It has been discussed many times. CBI passports are harmful scams.

Certain solutions don’t come served on a silver (or gold) plate.

Good, albeit obvious, observation.

Everywhere, not only in Brazil.

Lawyers are mere tools to be used for your own purposes. You can’t expect them to solve your problems. They should only follow your directions and take care of the technical stuff (filings etc.)

re CBI passports: i personally know situations where CBI did its job, was worth the money and arguably was the only option. maybe for the german passport holder guy it's indeed redundant, but for some nationalities, it's an investment that pays off well

re obvious: yes my observation is indeed obvious, but this stuff is recommended here, hence i need to point out what is indeed obviously wrong

re lawyers: lawyers are parasites indeed, yet how can i be an expert of nuanced theoretical rules and practical enforcements across jurisdictions that are ever changing?

re everywhere not just brazil: true, but Brazil is probably far worse than many other jurisdictions i can think of. Tracking the news on kidnapping, torture, violent robberies of crypto people (both known and low-key) all over the world makes me think there's only a handful of relatively safe cities where one can live relatively safely with a large stack, and even in those safe cities, violent incidents do happen (usually during OTC transactions or suchlike)

 

[Kadinger]

re CBI passports: i personally know situations where CBI did its job, was worth the money and arguably was the only option. maybe for the german passport holder guy it's indeed redundant, but for some nationalities, it's an investment that pays off well

re obvious: yes my observation is indeed obvious, but this stuff is recommended here, hence i need to point out what is indeed obviously wrong

re lawyers: lawyers are parasites indeed, yet how can i be an expert of nuanced theoretical rules and practical enforcements across jurisdictions that are ever changing?

re everywhere not just brazil: true, but Brazil is probably far worse than many other jurisdictions i can think of. Tracking the news on kidnapping, torture, violent robberies of crypto people (both known and low-key) all over the world makes me think there's only a handful of relatively safe cities where one can live relatively safely with a large stack, and even in those safe cities, violent incidents do happen (usually during OTC transactions or suchlike)

I will send you tomorrow a pm from my other acc where I can.
For the lawyer part: I used the last week to dig deeper in what he planed and made some researches. For now, it’s still the best solution I see.
For your interested: I don’t plan to give up my German passport. Since the beginning of this year it is possible to have dual citizenship in Germany.

 

[cupidbaba]

I will send you tomorrow a pm from my other acc where I can.
For the lawyer part: I used the last week to dig deeper in what he planed and made some researches. For now, it’s still the best solution I see.
For your interested: I don’t plan to give up my German passport. Since the beginning of this year it is possible to have dual citizenship in Germany.

Be careful, perhaps it would be a good idea to get a 2nd opinion, as OKBoomer mentioned, lawyers are parasites and it would be wise / in your best interests to fact check everything.

I agree that Brazil is not the ideal place, if anyone got wind of your crypto holdings or wealth, it definitely isn't where I'd want to be.