It’s already a thing in the us over $2mm. Also the only country other than Eritrea (1% for them) that taxes you if you live abroad

“Liberty” my ass

Coming soon to a country, state, city near you. 

grayruby

If you run a business (and idk employ someone), I guess it’s quite difficult not to declare it under the current system.

DarthCoin

Like a possesive, sociopathic ex-girlfriend, the uk gov has become.

The last gasp of a dying system is to impose exit taxes

SimpleStacker

No te asombres muchos países ya lo hacen, la razon no es que te quieran es que somos producto interno brutos (BIP)🤣🤣🤣

Angie

>While expat status does not provide an exemption from 20% capital gains tax on the sale of UK property and land valued at £6,000 or more, it does on the sale of some other assets, such as shares in many companies.

>Under the new plans, the 20% charge would be levied on the value of these assets when exiting the country.

Rachel Reeves is the Chancellor of the Exchequer. https://en.wikipedia.org/wiki/Rachel_Reeves

I didn't recognize the name and was wondering who she was.

Wumbo

Exit taxes in the EU (France, Netherlands, Germany) are wild. The UK isn’t far behind. A tax for wanting to leave the system. Gov is getting desperate.