What is moveable & immovable income?
When you move abroad you can become a tax resident in another country and have your moveable income taxed in that jurisdiction. However some income is immovable and will remained taxed in the original country.
⚡️IMMOVABLE INCOME
• Gains (property, business sales etc)
• Rental income
• Inheritance
⚡️MOVEABLE INCOME
• Income (Self employment, pensions etc)
• Dividends
• Interest
• Royalties
There are as ever certain exception and caveats which means that with long term tax planning you can avoid (or reduce) taxes on your immovable income.
For example, with long term tax planning it is possible to avoid, or drastically reduce, inheritance tax & capital gains in the original country.
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