Wealth tax

A wealth tax is an annual levy on the total net assets—property, investments, bank accounts, and other valuables—that individuals or households hold above a certain threshold. For expats considering relocation, understanding whether your destination country imposes a wealth tax is crucial, as it directly affects how much of your accumulated assets you'll keep each year and may influence decisions about where to hold investments or property. Several European countries have implemented wealth taxes, while others have abolished them in recent decades, making this an important factor in financial planning for international moves.