Capital Gains Benefits if moving to Puerto Rico - who has more detail

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Phantom1949 Member

Member since 06 June 2014

Phantom1949Member25 June 2014 23:02:04

IT is my understanding that Puerto Rico in an attempt to attract wealthier people has modified their capital gains tax code, I believe section 120 or so, wherein a person who moves to Puerto Rico and then claims Puerto Rico residency, would have a Capital Gains of 10% down to 0%.

Does anyone have the specifics on this? Any detail's would be appreciated.

kenjee ViP

Member since 02 June 2014

kenjeeViP26 June 2014 10:59:35

19610

Hello Phantom1949

Welcome on board

Regards

Kenjee

Gary ViP

Member since 09 April 2006

GaryViP26 June 2014 13:59:37

1845

Phantom1949 wrote:
Does anyone have the specifics on this? Any detail's would be appreciated.

I'd suggest you try to find a professional like a CPA or a tax lawyer and get a solid advice based on your personal circumstances.

GreggK Serial expat

Member since 16 March 2010

GreggKSerial expat26 June 2014 14:08:26

509

Where's Nomadlawyer? He's our resident genius (I don't mean that sarcastically). He should know something about this stuff.

victorlglass Serial expat

Member since 04 April 2013

victorlglassSerial expat26 June 2014 14:53:02

246

"google captial gains tax puerto rico"
You will find the information you are seeking.

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