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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/contra
by ikeboy 8y 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.
- tmp192489 8y agoOk, 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.
- ikeboy 8y agoIf it's relevant, shell out a couple grand to a competent tax lawyer and make sure you know what you're doing.