Countries with no capital gains tax

• Bahrain0%

  No capital gains tax for individuals on any asset — shares, funds, property or crypto. Property changes hands with a registration fee instead.

• Belize0%

  Belize has no capital gains tax — gains on property, shares and other assets are simply not taxed.

• Bulgaria0% / 10%

  Listed-share gains on European exchanges are exempt; other gains join the 10% flat tax with fixed deductions and generous property exemptions.

• Cyprus0% / 20%

  No tax on securities or foreign assets; a separate 20% tax hits only Cyprus real estate and unlisted shares in companies holding it.

• Czech Republic0% / 15–23%

  Gains are ordinary income at 15/23% — but 3-year-held securities (uncapped from 2026), small annual sales and long-held property are exempt.

• Ecuador0% / 0–37%

  Occasional property sales (up to two a year) are exempt; other gains join business or scale taxation, with a USD 20,000 exemption for exchange-traded shares.

• Georgia0% – 20%

  No separate gains tax — Georgian-source gains join income at the flat 20%, with a 5% rate or full exemption for property and vehicles depending on holding period.

• Hong Kong0%

  No capital gains tax exists — only profits from speculative 'adventures in the nature of trade' can be caught by profits tax (7.5% on the first HKD 2 million for unincorporated businesses, 15% above).

• Luxembourg0% after 6 months

  Private gains on shares are exempt after 6 months (unless the stake exceeds 10%); quick flips at full rates; long-held property at half your average rate.

• Malaysia0%

  Individuals pay no capital gains tax on shares or funds; only real property (and shares in property-rich companies) is taxed, at 0-30% by holding period.

• Malta0% – 35%

  Gains on a defined list of assets are taxed as ordinary income up to 35%; property sales instead pay a flat 8% on the price, and listed shares are exempt.

• Mauritius0%

  Mauritius has no capital gains tax — investment gains on shares, funds and property are untaxed; only dealing as a business is taxed, as income.

• Monaco0%

  No capital gains tax for individuals on any asset; property transfers carry registration duties instead.

• Netherlands0% / 24.5% – 31%

  No tax on realised private gains — Box 3 taxes holdings instead; gains on 5%+ stakes pay Box 2 rates.

• New Zealand0%

  No general capital gains tax — the exceptions are land bought for resale and residential property sold within the 2-year bright-line window.

• Qatar0%

  Personal capital gains are exempt — real estate, securities and listed shares alike; only gains inside a business are taxed at 10%.

• Saudi Arabia0%

  Personal capital gains are untaxed; non-residents' gains on unlisted Saudi shares pay 20%, with exchange-traded securities exempt.

• Singapore0%

  No capital gains tax at all; only gains from dealing as a business are taxed, as income.

• Slovakia0% / 19%

  Listed securities held over a year sell tax-free; other share gains pay a flat 19%; property is exempt after 5 years.

• South Korea0% / 20–25% / scale

  Minority listed-share investors pay nothing; large shareholders pay 20–25% (30% short-term); real estate runs the global scale with punitive 40–50% short-term rates.

• Switzerland0%

  Private gains on movable assets are tax-free; property gains pay a separate cantonal tax that shrinks with holding period.

• Thailand0% / 0–35%

  No separate capital gains tax — gains join ordinary income at 0-35%, but gains on Thai-listed shares and mutual-fund units are exempt.

• Turkey0% / 10% / scale

  Time is the tax planner: property exempt after 5 years, quoted shares after 1 year, unquoted resident shares after 2 — with a 10% withholding on bond and instrument gains.

• United Arab Emirates0%

  No capital gains tax for individuals on any asset; property transfers carry a 2–4% registration fee instead.

• United States0% / 15% / 20%

  Long-term gains (assets held over 1 year) at 0/15/20% plus the 3.8% surtax; short-term gains at ordinary rates up to 37%.

Source: 2026 tax dataset · updated 2026-07-11 · rates are headline figures — see each country's tax guide for the full picture.