{"id":2170,"date":"2024-12-18T20:23:13","date_gmt":"2024-12-18T20:23:13","guid":{"rendered":"https:\/\/taxinvestigation.co\/new\/?p=2170"},"modified":"2024-12-18T20:23:13","modified_gmt":"2024-12-18T20:23:13","slug":"the-great-rug-pull-in-the-sky-by-andy-wood","status":"publish","type":"post","link":"https:\/\/taxinvestigation.co\/new\/the-great-rug-pull-in-the-sky-by-andy-wood\/","title":{"rendered":"The great rug-pull in the sky by Andy Wood"},"content":{"rendered":"\n<p><em>Andy Wood guides you through the maze of IHT, estate planning and cryptoassets<\/em><\/p>\n\n\n\n<p>As I write this, crypto is in the beginning\/middle\/end [delete with hindsight] pump. Bitcoin is back nudging the $45k mark.<\/p>\n\n\n\n<p>We are all going to make it.<\/p>\n\n\n\n<p>Except, ultimately, none of us will. We all shuffle off (sorry if this is news to you).<\/p>\n\n\n\n<p>As such, whether you\u2019ve spent your life working in a 9-5 job, building a family empire, or trading memecoins like a degen, you will need to think about your estate planning position.<\/p>\n\n\n\n<p>A long time REKT: how does crypto fit into the picture?<\/p>\n\n\n\n<p>Now, one of the things that introduced a tax nerd like myself to crypto was not the dream of digital streets paved with digital gold, but the intellectual aspect. It was a brand new asset. How does it scrub up for legal purposes? Only then can we properly think about the tax.<\/p>\n\n\n\n<p>For the classically trained lawyer, personal property can only be one of two things:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A chose in possession \u2013 something that can be \u2018possesses\u2019 or a \u2018thing\u2019; or<\/li>\n\n\n\n<li>A chose in action \u2013 this is broadly a right that can be enforced against someone.<\/li>\n<\/ul>\n\n\n\n<p>Clearly, crypto is not a tangible assets. It cannot be physically possessed (go on, try to hold some Dogecoin). So this does not fit neatly in this category.<\/p>\n\n\n\n<p>Download the full article below:<\/p>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/taxinvestigation.co\/new\/wp-content\/uploads\/2024\/12\/The-great-rug-pull-in-the-sky-by-Andy-Wood.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of The great rug pull in the sky by Andy Wood.\"><\/object><a id=\"wp-block-file--media-9c3ee20f-6d2c-44d3-987e-ca34ac23bb84\" href=\"https:\/\/taxinvestigation.co\/new\/wp-content\/uploads\/2024\/12\/The-great-rug-pull-in-the-sky-by-Andy-Wood.pdf\">The great rug pull in the sky by Andy Wood<\/a><a href=\"https:\/\/taxinvestigation.co\/new\/wp-content\/uploads\/2024\/12\/The-great-rug-pull-in-the-sky-by-Andy-Wood.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-9c3ee20f-6d2c-44d3-987e-ca34ac23bb84\">Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Andy Wood guides you through the maze of IHT, estate planning and cryptoassets As I write this, crypto is in the beginning\/middle\/end [delete with hindsight] pump. Bitcoin is back nudging the $45k mark. We are all going to make it. Except, ultimately, none of us will. We all shuffle off (sorry if this is news [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-2170","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-december-january-2024"},"_links":{"self":[{"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/posts\/2170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/comments?post=2170"}],"version-history":[{"count":1,"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/posts\/2170\/revisions"}],"predecessor-version":[{"id":2172,"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/posts\/2170\/revisions\/2172"}],"wp:attachment":[{"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/media?parent=2170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/categories?post=2170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/tags?post=2170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}