I'm curious on the tax implications of Bitcoin. Obviously if you were to buy, hold, sell, then you would owe capital gains tax. What if you were to purchase something with Bitcoin?
As I understand it, "selling" is not what triggers CGT, it's "disposing" of an asset. So by purchasing with Bitcoin, are you effectively trading it and therefore disposing of it? How is tax calculated?
I'm aware Bitcoin is untraceable etc, but I'm not looking for tax evasion tips ????
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