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Subject:  Can you avoid taxes by living abroad? Date:  4/10/1998  4:57 PM
Author:  Anderoni Number:  3395 of 127616

My dad lives abroad. I was talking to him the other day about how I had recently started buying stocks for the first time (he has been investing for quite some time). After a while, the subject of capital gains tax was brought up. This is what he told me:

"Nah... I don't pay those because I don't live there. I only pay taxes on dividends".

Is that the way it is? Do you just don't pay capital gains tax if you live abroad? Would it make sense to open a brokerage account from an address abroad and avoid paying C.G. taxes?

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