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47 sats \ 4 replies \ @k00b 20 Dec 2024 \ on: El Salvador scaling back BTC amid IMF loan deal? bitcoin
Is it still exempt from capital gains?
I haven't done extensive research, but the 5 or so articles I've read about it only mention these 2 changes, so as of now I have no reason to believe capital gains will apply.
Considering Bukele's general approach to Bitcoin and the very hands-off nature of their attitude towards taxes on it, it seems unlikely he would take this step
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Apparently it's still legal tender. Their Bitcoin Czar:
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If it is still legal tender then logically yes it must still be exempt from CGT.
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