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European Capital Gains Tax Rates Vary Widely
Countries with High Tax Rates
In many European countries, capital gains from the sale of listed shares are taxed at the individual's marginal graduated tax rate. This means that the tax rate can vary significantly depending on the individual's income. For example, in Denmark, capital gains are taxed at a rate of 42%, while in Portugal, they are taxed at a rate of 28%.
Countries with Low Tax Rates
There are also a number of European countries that have low capital gains tax rates. For example, in the United Kingdom, capital gains from the sale of listed shares are taxed at a rate of 20%. In Ireland, the capital gains tax rate is 33%.
Countries with No Capital Gains Tax
There are nine European countries that do not levy any capital gains tax. These countries include Cyprus, Malta, and Monaco.
Conclusion
The taxation of capital gains in Europe varies significantly from one country to another. This is due to a number of factors, including the country's economic policies, its tax laws, and its international agreements. As a result, it is important to be aware of the capital gains tax rates in the country where you are investing before you make any investment decisions.
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