What is exit tax?

Financial emigration triggers “exit charges” or exit tax in the form of capital gains tax (CGT) on the market value of your worldwide assets on the day preceding the day you ceased to be a tax resident, This is because you are deemed to have sold your assets on the day before you leave. Immovable/fixed property (including your home or commercial property) is excluded from these “exit charges”.

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What is exit tax?

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