Then why would you have to pay taxes on the equities when you move if you don't sell them?
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International broker for European wanting to move abroad
- Thread starter CommoditiesTrader
- Start date
Then why would you have to pay taxes on the equities when you move if you don't sell them?
Then why would you have to pay taxes on the equities when you move if you don't sell them?
There is a legislative body that regulates taxes on financial assets in the country up to 10 years after you move abroad. This legislative body will soon change which will in essence mean that when you move abroad, you will have to pay tax on the equity regardless if you sell the stocks or if you keep them. The tax is levied on the financial assets in the country.
Is there no exit tax in the country where you currently live?I'm residing in Europe and I want to move to Dubai in 3-4 years. Because taxes are increasing here at a rapid pace I can no longer invest any further funds here.
I want to build a portfolio that I can access from Dubai in 3-4 years. Any recommendations how I set this up from Europe?
The reason why I can't open another account here in Europe is when I move I will have to pay taxes on the equity. If I have an account overseas I can still move to Dubai and still own the stocks while I'm there.
Is it Sweden? Has there been proposed an exit tax in Sweden recently?There is a legislative body that regulates taxes on financial assets in the country up to 10 years after you move abroad. This legislative body will soon change which will in essence mean that when you move abroad, you will have to pay tax on the equity regardless if you sell the stocks or if you keep them. The tax is levied on the financial assets in the country.