Taxation on ethereum as gift

by Larry   Last Updated January 13, 2018 22:28 PM

I stay in germany and I have a friend in India. He has few ether coins in his wallet in india which he bought in mid of 2017. He now wants to sell them. But in India because of taxes he will not gain much profit. So he asked me if he could send them to my wallet in germany as gift. I can then sell them in germany and send him the amount in parts as and when we happen to meet. Since it is a gift ( I have not bought the coins) I will not have to pay any tax on it in germany. Is this legal and what are the risks ?

Tags : ether


Related Questions


Ether.li Wallet lost?

Updated July 09, 2017 07:28 AM


Ethereum gas lower limit

Updated June 24, 2017 11:28 AM

How to buy Ethereum in USA as a non-US citizen?

Updated June 24, 2017 11:28 AM