Bitcoin2Go|04. Juli
Saving Crypto Taxes by Emigrating, Inheritance and Gifts? - Everything You Need to Know!
💡 Overview
In this video, the host discusses the complex tax implications of emigration and inheritance/gifts related to cryptocurrencies with tax expert Maximilian Klein. Both topics are highly individual and require professional planning.
🏠 Emigrating Abroad- No exit tax for private crypto assets (unlike for GmbH holdings).
- Risk of extended limited tax liability (10-year rule): Moving to a low-tax country (e.g., Dubai) while maintaining economic ties in Germany can keep you taxable in Germany.
- Key points:
- Actually abandon your residence (hand in keys, deregister) – a plane ticket is not enough.
- Prove your center of life in the destination country (apartment, school, clubs).
- Choose timing strategically (e.g., year-end) and analyze your portfolio beforehand (realize losses in Germany, possibly defer gains).
- Documentation of all transactions is essential.
- Current political debate: An exit tax for crypto is being considered – not yet final.
- Allowances under the Inheritance Tax Act (every 10 years):
- Spouses: €500,000
- Children: €400,000
- Grandchildren: €200,000
- Others: €20,000
- Planning opportunities:
- Gifts within the family can use allowances and transfer cost basis to the recipient.
- Particularly advantageous: Gifts at low prices (e.g., during dips) – subsequent appreciation is tax-free for the recipient.
- Holding period is transferred: A coin held >1 year by the donor can be sold tax-free immediately by the recipient.
- Critical aspects:
- Valuation of illiquid tokens at fair market value.
- Ensure access to wallets (e.g., emergency plan for heirs).
- Documentation of origin and history is essential to avoid estimated taxation.
Both emigration and inheritance/gifts offer great opportunities for tax optimization but carry significant risks. Professional advice from a specialized tax advisor is strongly recommended. The most important foundation is complete documentation of all crypto transactions.
