Re:Germany: Crypto held for more than a year will not get taxed
by ManuelKiessling on Friday May 13, 2022 @08:44AM
(#31366828)
This is nonsense. E.g. you can sell a house tax-free no earlier than two years after you’ve bought it, and only if you oived in it — if not, you need to wait 10 years for a tax-free sale.
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Re:Germany: Crypto held for more than a year will not get taxed
by Mo3 on Friday May 13, 2022 @08:59AM
(#31366992)
Real estate is not a traditional asset class.
Re:Germany: Crypto held for more than a year will not get taxed
by trashtester on Friday May 13, 2022 @09:06AM
(#31367076)
I always used to think that real estate / claim to territory was the most traditional asset of all, dating back way farther than our species.
Re:Germany: Crypto held for more than a year will not get taxed
by randbox on Friday May 13, 2022 @10:44AM
(#31368320)
No other species has the recorder of deeds \ title registrar \ court system to enforce claims over territory in absentia without the continual presence of the beneficiary. Even among humans most of Earth's territory is considered common property and not excludable or conveyable personal property when considering the ocean. Practically speaking something is only an asset in a financial context when ownership can be conveyed on paper and pledged as collateral for a loan.
Re:Germany: Crypto held for more than a year will not get taxed
by trashtester on Friday May 13, 2022 @12:05PM
(#31369333)
Many animals use urine to "write" their claim to ownership. Trespassers get punished severely, and they know it. The message implies a high willingnes to enforce their claim, even at significant risk. Rivals usually stay away unless they are either desperate or confident that they are superior.
I would argue that these are the instincts that form the basis for our concept of ownership of assets, and predate our modern justice systems by tens of millions of years.
Re:Germany: Crypto held for more than a year will not get taxed
by PinguTS on Friday May 13, 2022 @08:57AM
(#31366980)
Funfact, if you move in directly after buying, you can sell it even in the very same year tax-free in the gains.
The two years plus 1 day rule applies only of the curse of 10 years, if you haven't moved in directly.
Re:Germany: Crypto held for more than a year will not get taxed
by TacticalCoder on Friday May 13, 2022 @09:17AM
(#31367194)
Two years if you live in it is not very different from one year. The 10 years for secondary houses is about preventing house shortages I guess. People need to be able to buy or rent a place to live: nobody needs to own cryptos.