Crypto taxation in Germany - free from tax after hodling for 1 year. Does this apply if I have Bitcoin prior to living in the country?

Hey all,

I'm trying to find out some details about how the taxation exemption for crypto in Germany works. To my understanding, if you hold your crypto currency for longer than 12 months, then it's free of capital gains tax. My question, is how that would work If I don't live in Germany at the moment, and already holding crypto. If I were to move there for a period of longer than 1 year and become a tax resident, will my crypto gains will be tax free?

Would love to get any useful information about this sort of situation or a similar one.

Many thanks

Submitted November 07, 2020 at 09:59PM by Jacobyoti https://bit.ly/3k8uFZ4