Countries With No Capital Gains Tax 2026
Where capital gains go untaxed, the jurisdiction itself is the story - residency, substance, and reporting rules matter as much as the headline. These 12 jurisdictions impose no general capital gains tax as of 2026. Every entry shows its sourced position and links to the full country page; treatment of business or real-estate gains can differ, so read the detail.
As of 2026, 12 jurisdictions in this index levy no capital gains tax: Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Guernsey, Hong Kong SAR, Isle of Man, Jersey, Monaco, Singapore and 2 more. Each position is individually sourced below - related charges (such as payroll, stamp, or transfer duties) can still apply, so read each country's detail.
Selected where the sourced capital-gains position is an unambiguous none.
| Jurisdiction | Corporate | Personal (top) | VAT / GST | Capital gains | Inheritance |
|---|---|---|---|---|---|
| Bermuda | 0%No general corporate income tax; a 15% Corporate Income Tax applies to in-scope multinational groups (revenue >= EUR 750m) from 2025 | 0%No personal income tax (a payroll tax applies to employers and employees) | NoneNo VAT or sales tax | No CGTNo capital gains tax | NoNo inheritance, estate, or gift tax |
| British Virgin Islands | 0%No corporate income tax | 0%No personal income tax; a payroll tax applies (up to 8% employee share on remuneration over USD 10,000/year) | NoneNo VAT or sales tax | No CGTNo capital gains tax | NoNo inheritance, estate, or gift tax |
| Cayman Islands | 0%No corporate income tax | 0%No personal income tax | NoneNo VAT or sales tax | No CGTNo capital gains tax | NoNo inheritance, estate, or gift tax |
| Gibraltar | 15%Standard rate from 1 July 2024 (previously 12.5%); 20% for utility/energy providers and dominant-position abuse | Up to 25%Maximum effective rate; the lower of the Allowance-Based (14-39%) or Gross-Income-Based (6-28%) system | NoneNo VAT | No CGTNo capital gains tax | NoNo inheritance or estate tax |
| Guernsey | 0%Standard rate; banking/insurance and certain financial services 10%, property income and large retail (over GBP 500k) 20% | 20%Top headline personal income tax rate | NoneNo GST/VAT (a GST was proposed in the 2025 Budget for introduction in 2027) | No CGTNo capital gains tax | NoNo inheritance or estate tax |
| Hong Kong SAR | 16.5%Two-tiered profits tax: 8.25% on the first HKD 2m of assessable profits, 16.5% above (15% for unincorporated businesses) | Up to 16%Salaries tax; standard-rate cap 15% on the first HKD 5m of net income, 16% above; progressive rates also apply | NoneNo VAT or GST | No CGTCapital gains are not taxed | NoNo estate duty (abolished 2006) |
| Isle of Man | 0%Standard rate; banks 10%, real estate/petroleum income 20%, large retailers 15% | 21%Top headline personal income tax rate | 20%Standard VAT (aligned with the UK under the Customs and Excise Agreement) | No CGTNo capital gains tax | NoNo inheritance or estate tax |
| Jersey | 0%0/10/20 model: most companies 0%, financial services 10%, utilities and property income 20% | 20%Maximum income tax rate on net income after allowances | 5%Goods and services tax (GST), maximum 5% | No CGTNo capital gains tax | NoNo inheritance tax (probate stamp duty applies to estates) |
| Monaco | 25%Profits tax applies only to companies earning over 25% of turnover outside Monaco; purely domestic activity is untaxed | 0%No personal income tax for residents (French nationals remain liable to French income tax under the 1963 treaty) | 20%French VAT applies (Monaco is within the French VAT territory) | No CGTNo capital gains tax on individuals | 0-16%Direct line (spouse and children) exempt; siblings 8% up to unrelated 16% |
| Singapore | 17%Headline corporate income tax rate | 24%Top resident personal income tax rate | 9%Goods and services tax (GST) | No CGTNo general capital gains tax | NoNo inheritance or estate tax (estate duty abolished 2008) |
| The Bahamas | 0%No corporate income tax; a domestic minimum top-up tax (DMTT) applies to large multinational groups (revenue >= EUR 750m) | 0%No personal income tax | 10%Standard VAT (5% on certain essentials) | No CGTNo capital gains tax | NoNo inheritance, estate, or gift tax |
| United Arab Emirates | 9%Federal corporate tax on taxable income over AED 375,000 (0% below); 0% for qualifying free-zone persons | 0%No personal income tax | 5%Standard VAT rate | No separate CGTNo tax on personal investment gains; business gains fall under the 9% corporate tax regime (participation exemption available) | NoNo inheritance or estate tax |
Informational only, not tax advice. Rates as of the dates shown; verify with a qualified professional before acting. Click a jurisdiction to see each figure with its source link and as-of date. Rates reviewed through 2026-06-23.
Which countries have no capital gains tax?
As of 2026, Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Guernsey, Hong Kong SAR, Isle of Man, Jersey and 4 more are the jurisdictions in this index with no capital gains tax. Each entry is sourced and dated; follow any country through for the qualifications behind its position.
Does no capital gains tax mean a country is tax-free?
No. A jurisdiction can levy no capital gains tax yet still raise revenue through corporate tax, VAT or GST, payroll, customs, or stamp duties. Check the full country breakdown and confirm your own position with a qualified professional before acting.
How current are these capital gains tax figures?
Each figure is dated to its source's review date and drawn from PwC Worldwide Tax Summaries, the OECD, and national tax authorities; the most recent review here is 2026-06-23. Rates change, so verify the as-of date on the country page before relying on a figure.
Important disclaimer
Informational only — not tax advice. This page summarises publicly available information about tax as of July 2026. Tax laws change, individual circumstances vary, and the application of any rule depends on your specific facts.
TaxProsRated does not provide tax, legal, accounting, or financial advice. Before acting on anything you read here, consult a qualified tax professional licensed in your jurisdiction . TaxProsRated, its operators, and its contributors disclaim all liability for action taken in reliance on this page.