A business sale, address by address.
A $10,000,000 liquidity event and $1,000,000 a year of income, ranked on what is kept after tax over 10 years at each address, with what each country of origin charges when residence ends.
In short, current to October 2026
- On a $10,000,000 gain, 39 of the 100 addresses charge nothing on a resident's disposal of listed securities, so the whole gain is kept locally.
- At the other end, New York takes 37% of the same gain, about $3.7M.
- Leaving can cost more than arriving: 15 of the 36 origins modeled charge tax on unrealized gains when residence ends, Toronto (26.8%), Paris (31.4%), Tel Aviv (35%), Sydney (23.5%), Munich (28.5%), Amsterdam (31%), Oslo (37.8%), Johannesburg (18%), Spain (30%), Japan (15.3%), Austria (27.5%), Denmark (42%), Poland (19%), South Korea (27.5%) and Belgium (10%).
- London charges nothing on departure, but taxes gains realized abroad at 24% if you return within 5 years.
- Figures are current to October 2026. Unlisted shares, a sale through a company and local real estate can be treated differently. Confirm with counsel before relying on any figure.
Each address on this page was last checked against its official sources between and . The sources for each are named on its page.
Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated . Cite as: Patrician.ch, How a business sale is taxed at 100 addresses, 2026, patrician.ch/answers/where-to-live-before-an-exit/, October 2026.
