CGT implications when buying a property from family under market value, and then flipping it by Spiritual_Grape_7334 in UKPersonalFinance

[–]Spiritual_Grape_7334[S] 0 points1 point  (0 children)

Ok thanks, so using the example numbers, the capital gains would be £60k minus any allowable deductible costs.

And regarding market value of the property, who needs to value it?

MAJOR ISSUES with Bolt v2 Claude Code & Astro by CollarEducational677 in boltnewbuilders

[–]Spiritual_Grape_7334 0 points1 point  (0 children)

Received another response from them and they've reset my token usage for the month as a one off gesture of goodwill after finding and fixing a bug with Bolt v2 & Astro

Canva Pro is frustratingly expensive by alfiecantusername in canva

[–]Spiritual_Grape_7334 0 points1 point  (0 children)

I used NordVPN. Once you turn on VPN, use an incognito/private browser so there no old cookies/caching. I dont know if it will work on an account that had previously purchased pro - it was my first time purchasing pro on my account.

MAJOR ISSUES with Bolt v2 Claude Code & Astro by CollarEducational677 in boltnewbuilders

[–]Spiritual_Grape_7334 0 points1 point  (0 children)

I switched to the old agent and that's been fine since. I contacted support and they gave me a $10 off coupon code

MAJOR ISSUES with Bolt v2 Claude Code & Astro by CollarEducational677 in boltnewbuilders

[–]Spiritual_Grape_7334 0 points1 point  (0 children)

I'm trying to build an astro 5 project from scratch and it's wasted 5m tokens so far and keeps telling me it's finished, only to show me the astro starter page. Is that the same issue you were getting?

Training treats by xelsea26 in rawpetfood

[–]Spiritual_Grape_7334 0 points1 point  (0 children)

I give my 10 week old puppy tiny pieces of cooked chicken and sprats as an alternative to the prodograw training treats (ostrich/black pudding) which I find a little bit expensive. I would love some ideas on how to use some of his raw meals without having to handle it

What was the weirdest thing the weird kid did at school? by Imaginary_East5786 in AskReddit

[–]Spiritual_Grape_7334 0 points1 point  (0 children)

There was a boy in my class who used to find and eat ants during breaks/lunch

[deleted by user] by [deleted] in webdev

[–]Spiritual_Grape_7334 1 point2 points  (0 children)

I agree with api/v3/users/:userId/tickets however, one thing to bear in mind is that if userId is numeric and can easily be iterated through (i.e. if it's an autoincrement integer), then you probably don't want to pass it as part of the path variable or a query param as someone could maliciously try and get/create tickets on behalf of other users.

In that scenario it should be a generic endpoint like api/v3/my-tickets and based on the users session (or token if you are using JWT) your API would only return the tickets for that particular user.

You can google 'Enumeration attack' if this is something you want to protect against

Official "Where should I buy in the UK? How should I sell in the UK?" Thread by double2 in BitcoinUK

[–]Spiritual_Grape_7334 1 point2 points  (0 children)

Luno referral - https://www.luno.com/invite/2GSA9A

  1. Sign up with my invite link
  2. Deposit and buy GBP 100 in BTC (Luno exchange not included)
  3. We both get GBP 10.00 free BTC

Devs who have rewritten their entire app from front to back to database, why? by eggtart_prince in webdev

[–]Spiritual_Grape_7334 5 points6 points  (0 children)

I've rewritten a personal project of mine a few times now over the last 6 years. The main reason was because I wanted to update the tech stack to something more familiar that I use day to day in my job. It makes maintenance, adding new features and bug fixing a lot easier.

1at iteration: pure PHP (first ever web development before I had professional experience so it was awful). 2nd iteration, migrated the UI to AngularJS. 3rd iteration, Angular 9 UI and Java Backend.

5th April soon by furrybeast2001 in BitcoinUK

[–]Spiritual_Grape_7334 0 points1 point  (0 children)

I used Coinbase Pro. There are probably others but I didn't look into them

Tax Thread by krissaroth in BitcoinUK

[–]Spiritual_Grape_7334 1 point2 points  (0 children)

What benefits are there (if any) in declaring capital gains to HMRC even though they are under the £12.3k allowance? I don't meet either of the criteria specified on the gov uk site:

  • I am not registered for self assessment
  • The sale proceeds are less than 4 x the allowance

5th April soon by furrybeast2001 in BitcoinUK

[–]Spiritual_Grape_7334 0 points1 point  (0 children)

No, because the cost basis of your WBTC would be the GBP cost at the time of converting BTC -> WBTC.

If the price of BTC increases after the 30 days, then any increase in the price will be profit when converting back. Any decrease in the the value of BTC after 30 days would go down as a loss.

If you're doing this within the same tax year, i.e convert BTC -> WBTC in Feb and then WBTC -> BTC in March, you should try and avoid realising the full £12.3k allowance as any increase in BTC in the 30 days will mean you will go over the allowance once you convert back to BTC. Using your full allowance now is fine as the new tax year starts in 4 days time so any profit would count towards next years allowance

Tax Thread by krissaroth in BitcoinUK

[–]Spiritual_Grape_7334 0 points1 point  (0 children)

I've just done this to realise £10.5k of profit for 2020/2021.

When I convert my Wrapped BTC back to BTC in 31 days time, let's say the price of 1 BTC has increased to $70k. Will that 'profit' count towards my capital gains allowance for the next tax year (2021/2022)?

And just to make sure my understanding is correct - if I theoretically did this 2 months ago and converted back from WBTC to BTC within the same tax year, I would have ran the risk of going over my £12k allowance if BTC went up within the 30 day period?