UK ****** holders: what’s your practical plan for records + “if I’m not here tomorrow”?

[everyhost]

I’ve noticed more UK people now hold a small (or not so small) amount of ******, but the practical side still feels under-discussed: record-keeping for HMRC and what happens if you die or lose access.

Two questions for the group:

1. For CGT/self assessment, what’s your realistic approach to transaction records when activity spans exchanges + wallets?
2. On the “worst day” side, what’s a sensible, non-dramatic way to make sure family/executors can actually deal with it without creating a security risk?

A few practical points I’ve seen help:

• Keep an asset inventory: platforms, wallet types, device locations (not passwords)
• Keep a simple disposal log: dates, amounts, GBP values, fees
• Separate “ownership evidence” from “access secrets”
• Have a basic process for your spouse/executor (who to contact, what documents exist)

Would be interested to hear what others are doing in practice — and whether anyone’s had to deal with this in probate.

 

[Mark T Jones]

I keep all my ****** in a biscuit tin under the bed

 

[JEREMY HAWKE]

If you have a electronic receipt that's good enough and if he comes knocking on the door show him that
If he gives you any lip chase him down the drive with a big piece of wood

I dont do #### but I was worried by the stocks and shares man David Buick who said there would be a run on the bank at the start of the pandemic I put a lump of #### in the safe as he said there would be a run of the banks /disaster and I wanted to be able to pay wages and diesel but this all got returned to bankie and all was receipted for /accounted

If you are referring to #### the other vehicle to make purchases /sell Well #### can also be electronically accounted for

Gold
If your all panicking about the price drop in gold dont worry .Its not an investment vehicle it is a solid matter Hope this helps

Gold Storage
I know all of you are considerably riches than me and you may even be buying gold this week while the price is low
I can offer safe and secure storage for your gold right next to the bottom of the M5 and you can even pay me with ####

Thats another 10 minutes of my life wasted FFS

 

[fisicx]

got a stack of Deutschmarks in case the Euro collapses.