One of the biggest mistakes expats make is thinking citizenship and tax residency are the same thing. They’re not.

Some countries impose an “exit tax” when you leave and give up tax residency. This is essentially a capital gains tax on your unrealised gains at the time of departure.


Leaving your home country doesn’t mean leaving tax behind! Many tax offices apply departure tax or capital gains rules when you give up residency. These rules often treat you as though you sold certain assets the day before you leave.

 

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