You did not count for last years inflation. 
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I’m going to agree on this number. Always think big, no point in shooting for the clouds, if my imagination will take me to the moon. Bux knows how to build a rocket.
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Anyone in Madeira / Portugal or thinking of going to live there?
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Didn’t Madiera do away with their favorable gains taxes.
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As far as i understand at the moment there is zero CGT and obviously zero on crypto like portugal.
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They just had their first btc conference and are attracting bitcoiners. So i’d say it is likely to be favourable there.
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I thought there was talk about it coming to an end but I could be wrong. I think we have a forum member in Portugal.
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An end to tax on crypto? The only change they made was that you had to hold for at least a year to pay no tax, the same as Germany.
I think that that part of lost tokens can be with some process retrieved as SNT manually. @dirvine talk about it, that if there is 100% proof of ownership and lost access, there is a way…
Thats great news, I couldn’t really remember. It was a discussion I last had in the previous bull. My wife who has zero interest in crypto has been suggesting we consider Portugal for years. 1 hurdle off the list 
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Good to hear. We are seriously considering it too. Not sure if mainland or madeira yet but will be checking both out.
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Rather Salvador, there is actually plenty states with 0% tax on crypto.
I’d consider Salvador if it was closer. It’s a shame because I speak much more Spanish than Portuguese. I will definitely check it out one day though.
Do you mean US states have zero tax?
When i bought MAID, it was tax-free on profits for anything held longer than a year. They changed this a couple of years ago, but still applies to coins bought before the change.
Edit: in Austria
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I’m in Portugal currently (Algarve).
Currently it’s zero capital gains tax on crypto held for over 12 months. This was introduced this tax year… previously it was always zero. The 12 months only applies to caching out to Euros, so crypto to crypto is not taxable event (so can sell to stablecoins, hold for 12 months, then to Euros with 0 CGT).
Unfortunately the NHR tax regime is no longer available to new residents, so income tax is high.
If you like Spanish, no CGT and no tax on passive income indefinitely, it may be worth considering Gibraltar (I’m currently looking into it)… though it’s possibly harder to get into, and is quite unique & won’t suit everyone.
Anyway, let me know if you’re in the Algarve any time soon if you want to meet for a chat!
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Thanks for the info. I’m actually in the Algarve in May. We will be near Prai de luz.
Do you have a link somewhere that says you don’t get taxed when selling one crypto for another?
Are you from the UK?
I’ve been to Gibraltar. Seems a bit dead to me. If we went mainland we would probably be in or near lisbon. We have friends there and like the city.
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For folks in most places, if you have enough to bother with, you can set up a “whole life” insurance plan. You can then gift your assets to it, then loan it back to yourself tax free.
There are many other ways to shelter your assets. Relying on governments to play nice with their laws though can backfire, so be careful out there.
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Here’s one outline:
I am from the UK, yes. I’m based near Boliqueime, you may pass nearby if you’re going to Luz from Faro.
If you like cities, Lisbon would very likely suit you more than the Algarve, which is pretty relaxed most of the time.
Hope you find a place that suits you well, and feel free to ask any questions.
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How does that work?
Dont we need to sign a msg?
If you have the key to sign a msg yout coins are not lost.
This time next year, Rodney!
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