Expatriation rules

Tax Glossary Definition

Expatriation rules

Expatriation rules outline the tax treatment of individuals who relinquish their citizenship or long-term residency status. These provisions often apply an exit tax, which treats certain assets as though they were sold before the person leaves the country, thereby taxing any unrealized gains. The intent is to curb tax avoidance and ensure that wealth accumulated during residency is fairly taxed.

Example: For example, if a U.S. citizen decides to renounce their citizenship and relocate abroad, they may be subject to an exit tax on the unrealized increase in value of their investments under U.S. expatriation tax provisions.

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