Moving from Germany to Luxembourg to cash out crypto?

[Verbatim]

So, it is well known that Germany does not tax crypto gains if you held for more than 1 year - but like any tax, this could change, by law, by court order etc.

Moreover I am not convinced that German banks have the best attitude when it comes to profits from crypto. They could just send it back to the exchange and/or shut down your account.

Luxembourg has a tax-free plan for crypto if you held for more than 6 months. Moreover unlike Germany, crypto doesn't tax profits from stock trading. And in general laws are quite stable.

I've asked around and banks seems to be OK for crypto.

Are there any issues with German exit tax? I was not in Germany for the last 10 years.
Are there any issues with going to Luxembourg with unrealized gains? In both Lux and DE crypto is "other income", not capital gains.

What do you think about my plan?

 

[TravelAfficionado]

How are you moving from Germany to Luxembourg if you were not in Germany for the last 10 years?

 

[Verbatim]

I am sorry - I meant I have not been fully taxable in Germany for the last 10 years , I have been for less than that. Exit tax concerns those who were fully taxable in Germany for 10 years.

 

[bizman]

OP let us know how it is living in Luxembourg and if you cashed out your crypto almost tax free.

Toggle signature
The reason to fail while you try to setup your business offshore....the guide that helped me setup my offshore company.

Wiseman sayings - May the gifts of three wise men fill your home with prosperity.