Countries without death tax: escape tax tax

For many countries in this list, the tax does not apply to the estate or inheritance as long as the assets are not sold by those who have inherited them. Other taxes may continue to apply if you do not have permanent residence status.

Assets that are transferred to a surviving spouse are generally freed from capital gains tax, but other heirs can be subjected to significant tax obligations.

While Canada's lack of formal estate tax is a great advantage, planning is important to minimize capital gains taxes. The strong economy of the country, cultural relations with the United States and high quality of life continue to attract wealthy people from all over the world.

Hong Kong

Hong Kong abolished its inheritance tax in 2006. The Chinese area does not impose prosperity, gift or estate taxes and makes it one of the most tax -friendly jurisdiction worldwide.

Even before the abolition of its inheritance tax, foreigners were often freed from paying taxes to overseas sailors. This exemption in combination with Hong Kong's role as a global financial center makes it a top election for international investors.

To become a resident in Hong Kong is relatively easy for business owners, but it is worth noting that this could invalidate some offshore tax advantages.

In addition, Hong Kong only has limited tax agreements, which can lead to higher taxes if they have citizenship elsewhere.

Despite such considerations, the strategic location of Hong Kong as part of the China area, the robust financial system and the zero heirs inheritance tax policy makes an attractive goal for those who want to protect their assets.

Singapore

Singapore removed his estate tax in 2008 and further improved his reputation as a financial center with low taxes.

While Singapore offers numerous tax advantages, it has become increasingly difficult to become residents in recent years. The country now needs significant financial investments for the stay, which often corresponds to several million dollars.

For those who manage to establish residentialists, Singapore offers a stable economic environment, a first -class infrastructure and efficient legal systems to ensure that their wealth is protected and seamlessly passed on.

Singapore combination of economic stability, low taxes and no inheritance tax makes it a top election for people with a high network who want to secure your financial heritage.

Portugal

Portugal completed its estate tax in 2004 and made it one of the few European nations without inheritance tax for immediate family members.

While spouses and children can inherit tax -free assets, a stamp tax of 10% applies to assets that are passed on to unsuitable family members.

The golden visa program in Portugal has attracted many expatriates that offer those who invest in the country, residence and later citizenship. This has made Portugal a popular goal for pensioners and investors alike.

With his sunny climate, affordable living costs and tax -friendly guidelines, Portugal is a first -class choice for those who want to enjoy a relaxed lifestyle and at the same time want to protect their wealth.

Estonia

Estonia is a model for modern, tax -friendly jurisdiction. The country does not raise a estate tax, and its flat rate tax rate of 20% makes it one of the simplest tax systems in Europe.