4o’clocky BITCOINS IN YOUR WILL

Some time ago I’ve written about the ‘best’ time to submit a blogpost so you’ll receive worldwide exposure.

I came up with the term 4 o'clocky and I thought this might be a great idea to make a blog post every day at 4 o'clock local time with this title.

Every day I’ll submit a blogpost about something that keeps me busy, what I have to laugh about, what I think about and so on.... so Lets blog on, here we go!

   This My 4 o’clocky for today... At the notary

In my work it happens that we have to arrange things through a notary. So also today. While drinking coffee, we sometimes talk about the things that happen to her in the office with clients. The civil-law notary knows that I am on Steemit and because that also involves steem / crypocurrency, and she tells me a story.

She has a client, halfway through the age of 20 and who comes to her to discuss something that is new to her at her office.
He works in the digital world and presents her the following:

He is incurably ill and may have only three months to live. He therefore wants to make his will. He has already inherited money from his late parents
He has already earned quite a bit in the digital world himself. He wants the amount of about 100,000 euros to go to his girlfriend who he has just known for 3 months.

In itself no problem but in the Netherlands you have to pay 30% inheritance tax. It is too short day to marry and then inherit, since with I heriting money it is the rule that you have to live at the same address for 5 years to qualify for the 0 rate, and therefore have tax exemption.

The possibility of drawing up a cohabitation contract is probably not given to him as well, which is the term 6 months before that.
He finds the inheritance tax difficult to digest because he has worked hard for it.
He tells her (the notary) that he wants to think about it and will make another appointment the following week.

When he is back at her desk, he proposes that he converts his money into Bitcoins before his death, and that the notary prepares a smart contract so that the Bitcoins will end up with his girlfriend. If she then converts the Bitcoins into Euros, she has her inheritance, provided she does not submit a statement to the Tax Authorities, by doing so they dont pau the 30% tax payment.
This is tax evasion and punishable in the Netherlands, so she ( the notary ) did not do it, and he did not become a client,
BUT:
This indicates that more ways are found with cryptocurrency to obtain money without paying Tax. Logical that the Public Prosecution Service and the Government put Bitcoin and Crypto high on the agenda.

Needless to say : I understand the young man from the story, And I enjoy the stories from the practice of the notary and enjoy the cup of coffee.

Have a blissfullday! And remember :

  "Consistent Actions Create
         Consistent Results"

Lover of Life and L❤️ve in General - @brittandjosie

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