Make Your Big Money Moves Before You Move Abroad
At Big Cake Tax, we see it far too often: a client holds onto their U.S. home while moving abroad, thinking “I’ll sell it later, once I’m settled.” But what they don’t realize is that their new country of tax residency may tax the entire gain from that sale, even if the U.S. wouldn’t.
This mistake can cost you tens of thousands, if not more.