Full Definition
Wealth taxes: Spain (0.2–3.5% above €700k), Switzerland (cantonal, 0.1–0.9%), Norway (1.1% above NOK 1.7M). France abolished the ISF in 2017, replacing it with the IFI (real estate only). For high-net-worth individuals, an annual 1–3% wealth tax on illiquid assets (private equity, real estate) is often the primary driver of mobility to no-wealth-tax jurisdictions.
Global Rates at a Glance
France
30%
Capital Gains Tax
Germany
26.4%
Capital Gains Tax
United States
20%
Capital Gains Tax
United Kingdom
24%
Capital Gains Tax
Singapore
0%
Capital Gains Tax
Portugal
28%
Capital Gains Tax
Switzerland
0%
Capital Gains Tax
Key Facts for Expats & Digital Nomads
CGT planning is most impactful for those selling businesses or significant equity. Establishing residency in a zero-CGT jurisdiction (UAE, Singapore, New Zealand) before a major exit can be highly valuable — but requires genuine relocation well in advance. Exit tax rules mean you may need to crystallise gains before departing Germany, the US, or France.
Frequently Asked Questions
What is Wealth Tax?
An annual tax on total net worth above a threshold — rare globally and declining. Wealth taxes: Spain (0.2–3.5% above €700k), Switzerland (cantonal, 0.1–0.9%), Norway (1.1% above NOK 1.7M). France abolished the ISF in 2017, replacing it with the IFI (real estate only). For high-net-worth individuals, an annual 1–3% wealth tax on illiquid assets (private equity, real estate) is of.
Which countries have the lowest Wealth Tax?
Zero CGT countries: UAE, Singapore, New Zealand (most assets), Switzerland (most assets), Belgium (most assets), Hong Kong, Cayman Islands. Mid-range: UK 10–20%, US 0–20% long-term. France applies a flat 30% (PFU).
How does Wealth Tax affect expats and digital nomads?
CGT planning is most impactful for those selling businesses or significant equity. Establishing residency in a zero-CGT jurisdiction (UAE, Singapore, New Zealand) before a major exit can be highly valuable — but requires genuine relocation well in advance. Exit tax rules mean you may need to crystallise gains before departing Germany, the US, or France.
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Disclaimer: This information is for educational purposes only and does not constitute tax advice. Tax laws change frequently. Consult a qualified tax professional before making any decisions.