Andrew Wright

Registered with Property118.com
Friday 17th November 2017


Latest Comments

Total Number of Property118 Comments: 7

Andrew Wright

11:09 AM, 11th November 2021, About 3 weeks ago

UK Central Bank Digital Currency

Reply to the comment left by moneymanager at 10/11/2021 - 16:28
CBDCs are not issued directly by the Bank for International Settlements. They are issued by the member central banks themselves. The BIS is, however, conducting a lot of research into various aspects of retail and wholesale CBDCs, including by now 4 or 5 parallel pilot schemes for cross-border settlement between different CBDCs to ensure interoperability, involving several central banks who issue their own test CBDCs. Large questions remain over how far central banks should extend their activities given the possibility of edging out commercial banks who, despite some views, provide useful intermediation in markets. Use of accounting terminology does not imply literally owing money to anyone, and central banks can make more money when needed. Most money is already electronic; a cryptographic form of it is just the next stage of its evolution.... Read More

Andrew Wright

11:51 AM, 24th September 2021, About 2 months ago

The Telegraph needs help from investors

Sounds like confirmation bias to me!... Read More

Andrew Wright

22:57 PM, 21st September 2021, About 2 months ago

HELP we have 3 personal BTLs with 3 different lenders and want to incorporate?

As I had understood it, a key element of this question is that there are only 3 BTLs in the portfolio and that makes incorporation impractical - or has that assessment changed?... Read More

Andrew Wright

20:19 PM, 7th January 2021, About 11 months ago

Here's My Bitcoin Strategy - What's Yours?

So... 3 years into your 5 year punt and the market is looking quite different again! How is it going? Must say I'm tempted to start taking something out of my portfolio around the end/start of the tax year (to minimise CGT), although April seems a lifetime away at present given current volatility.... Read More

Andrew Wright

13:32 PM, 14th December 2017, About 4 years ago

Here's My Bitcoin Strategy - What's Yours?

Reply to the comment left by Mark Alexander at 14/12/2017 - 13:02
Yes I think that like a lot of tax it currently depends on traceability and honesty! Some claim that bitcoin is not controlled by governments and therefore not subject to tax, but that is obviously wishful thinking. Regulation and data sharing from exchanges such as Coinbase will start to bite over the coming years and make it somewhat harder to evade tax for most, although the space will remain difficult to police. Outside the US/UK, it does seem that many countries do not tax cryptocurrencies, or have not thought about it yet.... Read More