Country-Wise Tax Rules · 2026

How capital gains are taxed, country by country

Top marginal capital gains rate on listed shares, matched against each country's wealth/estate tax regime — the same table, charted.

No wealth tax, no estate/inheritance taxNo wealth tax, has estate/inheritance taxLimited wealth tax (real estate only)Active net wealth tax
0%11.25%22.5%33.75%45%USA (federal)23.8%USA + California37.1%France34.5%UK20%India (LTCG, listed equity)12.5%Germany (shares/crypto >1yr)0%Denmark42%Norway37.8%UAE0%Singapore0%Hong Kong0%
USA Musk, Page, Brin, Bezos, Zuckerberg
No annual wealth tax; federal estate tax kicks in above ~$13.99M (2025 threshold, inflation-indexed). Tax only triggers on sale; loans against stock are untaxed.
France e.g. Arnault, next-ranked non-American
Wealth tax on real estate only (IFI) since 2018; the old broad wealth tax was scrapped. Exit tax applies if a resident relocates abroad with large unrealized gains.
UK
No wealth tax; inheritance tax at 40% above threshold. Non-dom regime recently tightened.
India
No wealth tax (abolished 2015); no estate/inheritance tax. Promoter shareholding often structured through holding companies/trusts.
Germany
No wealth tax currently levied (constitutionally allowed but unused since 1997).
Denmark, Norway
Norway retains a net wealth tax. Among the highest-tax regimes for the wealthy.
UAE, Singapore, Hong Kong
No wealth tax. Common relocation destinations for tax residency planning.
SOURCE: PWC WORLDWIDE TAX SUMMARIES; COUNTRYTAXCALC.COM; OECD TAX DATABASE, 2026