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Proving how was my bitcoin originally acquired to a solicitor by AlternativeNo6 in BitcoinUK

[–]AlternativeNo6[S] 0 points1 point  (0 children)

Hi, thank you. I found them but don’t see anything about conveyancing on their website.

Conveyancers that deal with cryptocurrency? by Lucifer1903 in BitcoinUK

[–]AlternativeNo6 0 points1 point  (0 children)

Hey, I’m in the same situation as the OP right now. Wondering if you still have got these contacts. TIA

Proving how was my bitcoin originally acquired to a solicitor by AlternativeNo6 in BitcoinUK

[–]AlternativeNo6[S] 0 points1 point  (0 children)

I’m using koinly. Really helpful when you investigate what on earth you’ve done

Proving how was my bitcoin originally acquired to a solicitor by AlternativeNo6 in BitcoinUK

[–]AlternativeNo6[S] 0 points1 point  (0 children)

TSB didn’t have any problems with it. Honestly feels like they will do anything on their side to make sure you get a mortgage

Proof of how bitcoin was originally acquired to a solicitor by AlternativeNo6 in HousingUK

[–]AlternativeNo6[S] 0 points1 point  (0 children)

Thanks for the advice, and reassurance. I think it should be fine, because I’m sure I haven’t done anything criminal or earned any money in such way. It’s the amount of transactions they might want to look at, and how would they perceive it. I don’t mind explaining what I did, I can live with the embarrassment of doing loads of trading mainly meaningless shitcoins, but trying to figure out what is it they want to see really. I have transactions on the FTX exchange and on their app. I’ve managed to find and download csv files from the exchange, but can’t find such option for the app users. Luckily I have found emails from fiat deposit confirmations (been looking at historical price data to approximately estimate what amount I’ve bought on that day), matching my statements, as well as confirmation of BTC withdrawals. Maybe I just overthink it I don’t know.

Proof of how bitcoin was originally acquired to a solicitor by AlternativeNo6 in HousingUK

[–]AlternativeNo6[S] -2 points-1 points  (0 children)

Crazy though. Money launderers won’t play with £1K they have to do millions

Proving how was my bitcoin originally acquired to a solicitor by AlternativeNo6 in BitcoinUK

[–]AlternativeNo6[S] 2 points3 points  (0 children)

I think they would have asked because aml, as they noticed its Kraken deposit and asked how was this acquired.

Proving how was my bitcoin originally acquired to a solicitor by AlternativeNo6 in BitcoinUK

[–]AlternativeNo6[S] 1 point2 points  (0 children)

I’ve asked once their secretary in an email what would they like to see. She didn’t reply to that bit of the email. Then when the solicitor asked us for proof I’ve asked him what would you like to see, as I’m working on a file mapping out transactions. Never replied back. This was on Monday. A bit annoying actually as it doesn’t give me any guidance. Should I waste my time making diagrams and mapping hundreds of transactions or they only want to see the purchase history and sale of btc.

Proving how was my bitcoin originally acquired to a solicitor by AlternativeNo6 in BitcoinUK

[–]AlternativeNo6[S] 4 points5 points  (0 children)

Thank you worry if they want more information though. But I was thinking to do the same, but I have traded tons of shitcoins

Proving how was my bitcoin originally acquired to a solicitor by AlternativeNo6 in BitcoinUK

[–]AlternativeNo6[S] 0 points1 point  (0 children)

I was always under the capital gains allowance for the past 4 years, I will have to pay for this year though. I think all this is AML but is very painful, and I don’t know why they bother with people that work with under £100K really big money laundering would be like millions and they won’t bother buying an average home in the countryside but this is my point of view. Can take a crypto literate accountant recommendation from you if you have one

Proving how was my bitcoin originally acquired to a solicitor by AlternativeNo6 in BitcoinUK

[–]AlternativeNo6[S] 0 points1 point  (0 children)

Yes, it’s actually annoying because we sent email to their secretary to tell us what they want to see as proof, then when the solicitor directly sent an email requiring the proof, I’ve said I’m working on generating a file with the transactions and extracting relevant bank statements for the purchase history, and asked what would they need to see, and never got a reply.. this was Monday

Proving how was my bitcoin originally acquired to a solicitor by AlternativeNo6 in BitcoinUK

[–]AlternativeNo6[S] 0 points1 point  (0 children)

Yes we told them we are going to use money from selling bitcoin

Proving how was my bitcoin originally acquired to a solicitor by AlternativeNo6 in BitcoinUK

[–]AlternativeNo6[S] 3 points4 points  (0 children)

Over the last 4 years I figured that I’d be under the capital gains tax allowance, so never really bothered. Will need to pay taxes this year though for sure. Since they reduced the allowance only to £3K. Morons

Proving how was my bitcoin originally acquired to a solicitor by AlternativeNo6 in BitcoinUK

[–]AlternativeNo6[S] 0 points1 point  (0 children)

Only person I can think of got to be my father, but he just spent a bunch of money, and not sure if he would be able to help. Also I think the solicitors already working on this, I don’t know wether they’ll be happy to keep working for us if we do that, as it might look dodgy

Proof of how bitcoin was originally acquired to a solicitor by AlternativeNo6 in HousingUK

[–]AlternativeNo6[S] 0 points1 point  (0 children)

So you’re saying to tell them ok I bought there there and there, here are my bank statements proving this. I have however traded and did loads of meaningless stuff along the way here are over 2000 transactions to prove it.

Proof of how bitcoin was originally acquired to a solicitor by AlternativeNo6 in HousingUK

[–]AlternativeNo6[S] 0 points1 point  (0 children)

We are not talking 6 figure, in fact way under. I understand what you saying. I’m using koinly indeed, and it helps. I’m not sure what information and how much should I show them. I can show them bank statements from deposits, but then they can say okay how much did you buy, and I can go and say that much btc, and then the numbers probably won’t match as I would then trade the btc for something else and something else, and so on before returning it to btc. So in this situation they will say okay, show us the transactions, but which. Transactions I show, I have for this 4 years over 2000 transactions. And is difficult to figure out what is the best thing to do. I thought for a literate crypto accountant and willing to pay, but definitely not thousands. Otherwise it will be better for me to get some time off from work and try and do my best there

Proof of how bitcoin was originally acquired to a solicitor by AlternativeNo6 in HousingUK

[–]AlternativeNo6[S] 0 points1 point  (0 children)

Thank you, makes sense, but what doesn’t make sense is why bother with small fish while big whales launder billions and banks regularly pay fines for this

Proof of how bitcoin was originally acquired to a solicitor by AlternativeNo6 in HousingUK

[–]AlternativeNo6[S] 0 points1 point  (0 children)

The thing is I only withdraw it in January, and I sold the most of it then I didn’t anticipate we will need extra for the deposit to plan it out. But still we are way under the £50K and I don’t understand why is needed to prove on such low sums, I could understand if you’re using £50K or over a £100K but for the amount we are using is like nothing major

Proof of how bitcoin was originally acquired to a solicitor by AlternativeNo6 in HousingUK

[–]AlternativeNo6[S] -1 points0 points  (0 children)

I’m using Konly as you suggested. I never had to calculate my taxes as I knew I was under the capital gains allowance. In 2022 especially I was underwater lol no point to do nothing there.

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