Morning bongs. Just hit 6 fig for first time, feels so good. How are fellow bongs getting on? HMRC, GCHQ, MI5 not invited in this thread.
Bongs
Ian Lewis
Eli Hernandez
MI shixh shtill allowed, right?
Adam Clark
I'm supposed to hit 5 figures for the first time, but XCM is killing me. How much did you start off with?
Hunter Thomas
you didn't hit shit unless you sold
fucking brainlets
Josiah Morgan
A long way off 6 figures, I haven't broken 5 figures off my £5k investment.
Congrats though.
Christopher Collins
This. I was at 130k once and simply refused to sell even though it was absolutely obvious that I should sell - at least in hindsight. It all vanished down to 12k.
Ryder Carter
Yeah but you held through a normie infested peak mania phase bubble. We aren't in a bubble at the moment.
Nathaniel Hughes
>tfw took out my initial and now only have 110k XCM
It feels like it's the responsible thing to do but at the same time I'm probably going to hate myself if XCM ever moons. Didn't even get to use the money for anything fun, just used it to pay down my debt
Hudson Nelson
Bong Muslim here, I'm doing alright, we're all gonna make it and I'm gonna buy some prime Brit cunny off my m8 Shahzad
Landon Rivera
Why do fatclaps think Brits say cunny?
Benjamin Kelly
Morning mate, jel of the 6 figs. I’ve got a bottle of whiskey ready if I hit it. I’m about halfway there so a bull run over the next year should take me there. Took 10k out for a house deposit though so could have had more. At least I’m not living at home now though. We will make it bud.
Grayson Clark
>We aren't in a bubble at the moment
of course it will go up forever not a bubble what so ever
Isaac Murphy
>He thinks this is a bubble
Ian Flores
Well done buddy. Remember not to rub it in Yank faces too much that your first £10kpa is tax free, and the next £45kpa is at 10% - they don’t like being reminded they left home over taxes and now they’re taxed far harder than we are
Luke Cox
It's first £11.7k M8, plus I held over multiple tax years so get that X3. Plus I will just transfer 11.7k to my roasties Coinbase account and cash out using her capital gains allowance too
Liam Baker
>multiple tax years
Based & redcoat pilled
Tyler Scott
Wait.. the allowence stacks if you held over multiple years?
Alexander Bennett
Yeah you calculate your gain each tax year. If you didn't go over the threshold that year your gains are exempt. Then at the start of the next tax year your opening balance is your new starting point for calculating gains m8
Ryder Flores
Also if your gains are exempt you don't have to report any CG on the SA return, just saying. Dont let HMRC know about your stack unless you have to
Cameron Thomas
>missed the bottom
Nice cope
Joshua Bailey
Feeling really good fren. I read on wikipedia that in the UK, £172k net worth is top 10% wealth bracket. Feels surreal to be this close to that at 25.
£12k this year fren and £50k cutoff for paying 20%
Jason Evans
Champagne on ice boys
Leo Perry
What about if you earn 30k and cash out 10k in the same tax year? Do you have to report that?
Carson Sullivan
No. Capital gains allowance is separate from income tax allowance
Zachary Miller
Net worth means mortgage equity, car and pension pot too lad. 70% of normies wealth is tied up in those. Having £100k plus liquid assets is rare as fuck in this dystopian hellscape.
Benjamin Roberts
Oi ya cheeky wanka! gotta loicense for those gains?
You're nicked m8! Need that dosh to pay for Mohammeds 12 kids while he stays home, and NHS gender reassignment surgery!