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by ikeboy 2642 days ago
It's not 0, it's 4% and you need to jump through some hoops to do it, but basically yes. You need to get it reclassified from capital gains to consulting/contractor income.

I know multiple people who've moved to PR for tax purposes.

1 comments

Ok, 4% is still very low.

Even with a few hoops that I assume are manageable if others are doing it, it seems way too good to be true. I would seriously consider moving if I lined up a bunch of capital gains to liquidate in a single year.

If it's relevant, shell out a couple grand to a competent tax lawyer and make sure you know what you're doing.