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Taxes, Gifts, borrowing

Binance

Cryptocoins Exchanges / Binance 240 Views

Im in EU and I dont mind paying taxes since I have to, by law. I m trying to minimize the amount Ill be taxed on. For ex. I have sent Gift cards to my friends and family members.

If I understood correctly, gifts are not taxable for me, as a sender. Receiving party will have to pay taxes when they decide to sell that crypto.

The other way to minimize your taxes is through borrowing against your crypto. Thats what I wanted to explore more here.

submitted by /u/afsaroseli
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