I'd love to move to a place like that!
Unfortunately for me, my family has settled here, and at least for the next few years I don't think moving anywhere would be possible.
Luckily for me, I have no gains, only losses, amirite? :FLASHBANG:
Discussion
I heard the capital gains tax can be quite brutal in some countries, the only big downside to Jersey is pretty much the properties prices, a one bed room apartment goes around for £300,000.
I'm not sure how capital gains tax work, I can imaging you don't pay taxes on losses.
Yes CGT can be quite high, and it often depends on what income bracket you're in, too. Generally you're right, at least there's no tax on losses. That's where the idea of tax loss harvesting comes from: you deliberately sell certain things at a loss, to offset the gains you are taxed on.