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The Only Totally Tax-Free Place in Europe 

Nomad Capitalist
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Is fear stopping you from achieving your dream of finding the best place in the world to live, do business and invest?
Well, if you’re considering Europe as a potential destination, chances are that fear of the EU’s multitude of tax inspectors could be causing you to hesitate.
Discover Sark, Europe's tax-free paradise! Join us as we explore this idyllic island between England and France, where taxes vanish and tranquility thrives. Learn about Sark's unique culture, tax benefits, and residency options.
00:00 Start
00:46 Overview of Sark and Its Culture
2:20 Tax Benefits of Living in Sark
4:32 Residency and Citizenship in Sark
7:49 How to Move In?
11:24 Comparison to Other Tax-Friendly Options
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2 июл 2024

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Комментарии : 422   
@Summrise
@Summrise Месяц назад
Bro just single handedly overpopulated a whole island with one vid
@alanperez5438
@alanperez5438 Месяц назад
Yes! My friends and I are already planing this 😂
@sarahcrowe4602
@sarahcrowe4602 Месяц назад
🤣
@alexcameron2880
@alexcameron2880 Месяц назад
Funny...as much as taxation is abhorred, you'd think people would force the governments to get rid of taxes.
@nuancematters
@nuancematters Месяц назад
@@alexcameron2880 too many people buy into propaganda, sadly. And once people get into government, they enjoy other people's money too much to do anything about it
@hipreference
@hipreference Месяц назад
@@alexcameron2880Force the government? What do you think this is?
@MultiSgar
@MultiSgar Месяц назад
population before this video: 500. Population after this video: 500,000
@enjoystraveling
@enjoystraveling Месяц назад
The island can’t hold that many people and most people wouldn’t do out without their cars another conveniences. For me, I would like an island with bicycles and horses mostly
@minttrax
@minttrax Месяц назад
bro did em bad
@LibertarianFacts
@LibertarianFacts Месяц назад
Yes!
@codysparks1454
@codysparks1454 28 дней назад
⁠​⁠@newforestpony9567agreed. Walking and public transit is far superior to cars
@madvillainy6845
@madvillainy6845 Месяц назад
New goal unlocked 🔓: Lord of Sark
@ZMS777
@ZMS777 Месяц назад
😂😂😂
@starvingbymidnight
@starvingbymidnight Месяц назад
500 people population everyone incest! lol
@patrick1992
@patrick1992 Месяц назад
Sark is super small you will not get happy
@MateDrinker33
@MateDrinker33 Месяц назад
I’m afraid Andrew actually oversimplified this one; in Sark, monarch’s actual title is “Chief Seneschal”. In countries that still have formal aristocracies, “Lord” is just a generic designation for a person who possesses a lordship over something (as well as being a mode of address); it doesn’t indicate what the lord’s actual title is.
@user-im7rk8bj4v
@user-im7rk8bj4v Месяц назад
You think the Seigneur of Sark is going to sell his castle?
@philthompson2239
@philthompson2239 Месяц назад
500 alcoholics clinging to a rock :), that was how a local described Sark to me when I worked in Guernsey many years ago. Never did get around to visiting.
@donaldrobertson5747
@donaldrobertson5747 Месяц назад
Sounds like an average Saturday night in alot of places I know.
@antiguaw.i.1977
@antiguaw.i.1977 Месяц назад
Something tells me I would fit right in 😂
@InvestgoldUK
@InvestgoldUK Месяц назад
I bet some fine claret and brandy was imbibed to attain the alcohol levels though
@tmac9938
@tmac9938 Месяц назад
hilarious description. very british.
@lisarussell5762
@lisarussell5762 Месяц назад
😂
@jqn8361
@jqn8361 Месяц назад
Are you being sark-astic?
@austinpowers1999
@austinpowers1999 Месяц назад
Jes, jes he is
@user-sd5cm9wf6p
@user-sd5cm9wf6p Месяц назад
@GodiscomingBhappy
@GodiscomingBhappy 9 дней назад
😂😂😂
@InvestgoldUK
@InvestgoldUK Месяц назад
owning a property in any european country now is a disaster. Not only is it expensive and being targetted for the "own nothing and be happy", but they also use it to claim you're still resident.
@mradventurer8104
@mradventurer8104 Месяц назад
no. houses in southern europe are still fairly cheap. And yes residents have to pay different taxes. If you are not a resident then it should be possible to prove that?
@InvestgoldUK
@InvestgoldUK Месяц назад
@@mradventurer8104 just the fact of owning a house is enough some places for them to say you are resident. Denmark, for example, requires you to sign a form saying you'll never stay overnight there again!
@srypWned
@srypWned Месяц назад
always buy homes using a company structure.
@user-to4iq4bq9g
@user-to4iq4bq9g Месяц назад
​@@mradventurer8104 owing a house under personal name is primary tie factor to the country that they can claim you are a tax resident even if you stay that country 0 day a year.
@snorttroll4379
@snorttroll4379 Месяц назад
what structrure in what jurisdiction works to be able to have a house and not be screwed over?@@user-to4iq4bq9g
@cassandradummer9261
@cassandradummer9261 Месяц назад
I was there last month looking at property(with the only estate agent there) the property system there is like nothing elsewhere, very complicated. Only a few properties on the open market, which are available to people not born on the island. The tax system there is complicated. They do levy a wealth tax in which you voluntarily admit your global assets(you don't have to, but if they find out tou have more they will investigate) No serious medical facilities, they're ambulance is a tractor with a "medical box" attached. Maybe 3 restaurants worth visiting, so not all sunshine and roses. You also pay tax based on the value of your property in Sark.the likes of Abromovich have used it in the past as a tax haven.
@shunter8888
@shunter8888 Месяц назад
One of the more realistic comments on here about Sark. I live in Sark. Most people coming here don't do their homework properly & have highly unrealistic expectations & are misinformed.
@vaughnblaylock6069
@vaughnblaylock6069 6 дней назад
@@shunter8888 Exactly - everyone seems to think that all these tax havens are sunny resorts. There's a reason that there's only like 500 people there.
@Diego_A_Lozada
@Diego_A_Lozada Месяц назад
This channel is a hidden gem.
@AFNick
@AFNick Месяц назад
Even as a geography buff, I’ve never heard of Sark. Great find.
@yaegermeister4307
@yaegermeister4307 Месяц назад
this is what taxes should be... virtually non-existent
@riptyurass302
@riptyurass302 Месяц назад
Well, you get what you pay for and with absolutely 0 tax there's no hospitals, roads, schools or any public service. You can say you're fine with that but I don't think non-existent tax is good for most people. Ideally low tax in the teens would be preferable.
@BbTenn
@BbTenn Месяц назад
@@riptyurass302Most of these can be accomplished privately if people want them.
@mjs28s
@mjs28s Месяц назад
@@riptyurass302 So there would be none of the things that you claim without income taxes that were around before income taxes? Schools, colleges, hospitals, etc. were around, as were roads. You see, gubment crowds out private solutions all the time and then people start to think that gubment is where all those things come from. Today there are private hospitals, and most hospitals for that matter are not funded by taxes. They are funded by patient visits, large donors, and other sources. Same with some schools. You literally argued by dropping a list of things that were done privately before gubment crowded some of it out and still, everything in your list still has some non-gubment options out there. But of all the things that gubment does do, private industry would to better and cheaper. Government has, or at least think they have, and endless money supply. Of the private sector solution isn't profitable they fail. If they aren't giving people what they need they get taken out by competition. People, not gubments, used to pay for schools, build hospitals, libraries, colleges, etc. Tax revenues should all come from sales tax or tariffs AND gubment should be lean and mean and only need to tax maybe 15% sales tax and have low tariffs to keep imported goods priced affordably.
@necksquad3222
@necksquad3222 Месяц назад
​@@BbTennAmerican hospitals are private and are significantly more expensive than pretty much anywhere else. It's unaffordable
@samuilplamenov4749
@samuilplamenov4749 Месяц назад
@@riptyurass302 Taxes no longer are used for building hospitals, roads, schools etc. This used to be the case before fiat currency and quantitative easing. Nowadays taxes are just burnt repaying government debt interest. To build roads, hospitals and schools the government just prints more money, kicking the inflation ball further down.
@reneket2295
@reneket2295 Месяц назад
Also worth mentioning: Sark has internet and you can use your smart phone normally.
@LeXx0r
@LeXx0r 7 дней назад
@newforestpony9567 You can use Elon Musk's Starlink
@kritikashekar8429
@kritikashekar8429 Месяц назад
Sark! Who would have thought? Radical! Love it.
@craigescapeddetroit5198
@craigescapeddetroit5198 Месяц назад
Tax on bicycles? Get a TRICYCLE.
@ol2510
@ol2510 9 дней назад
or a unicycle
@RichardSaladin
@RichardSaladin Месяц назад
you got me at 'introvert' LOL
@mattanderson6672
@mattanderson6672 Месяц назад
Thank you Andrew, really interesting
@BrewmanCrypto
@BrewmanCrypto Месяц назад
Great video!!
@danielseddon3177
@danielseddon3177 Месяц назад
We went on holiday to Sark when I was a kid. Beautiful place.
@fishslappr
@fishslappr 12 дней назад
Sark is like stepping back 100 years. It's beautiful
@margyiphillips4931
@margyiphillips4931 Месяц назад
Thank you so much. This is gold!
@nomadcapitalist
@nomadcapitalist Месяц назад
You're very welcome!
@djp337
@djp337 Месяц назад
@@nomadcapitalist Andrew, you didn’t mention the possible route to follow for Africans? Unless this doesn’t benefit citizens within the BRICS jurisdiction
@msjannd4
@msjannd4 Месяц назад
I just went to Airbnb out of curiosity to see the rental rates for a room in someone's home, an apartment or a whole house. Prices began at $3,000 up to $10,000+ per month. Looks beautiful, but I'll stay here in Subotica, Serbia for $342 a month. Ha!!! Sark will be in my dreams though.
@blueocean2510
@blueocean2510 26 дней назад
With Air Space in Europe closed as part of Sanctions against the country involved in Genocide and Crimes against Humanity and countries that support Genocide and Crimes against Humanity, also the threats against the Judges in the Court in the Hague, the Hague, Holland & Europe, people from US would be best to avoid & any that are in Europe are best to leave. The Air Space & Sea lanes closed.
@Condorcet2011
@Condorcet2011 23 дня назад
Aaah Subotica is beautiful!!
@anakein
@anakein 19 дней назад
@@blueocean2510 Which country are you talking about? Only one country comes to mind right now, speaking of genocides and crimes against humanity, but how is that relevant to a comment/post about Serbia?
@theoneandonly100k
@theoneandonly100k Месяц назад
Lived there for some time. Tax situation is good, island is beautiful, aside from the trash-burning nearby the harbor. You can see the social dichotomy (people with and without teeth) and it is sometimes hard to plan trips. Always book refundable tickets for planes etc., since you cannot be sure that the ferry goes because of (unforeseen) weather issues.
@Denver_____
@Denver_____ Месяц назад
Nice to know this
@stephenday4834
@stephenday4834 Месяц назад
Sark has tax. It's not high, but it has tax. It doesn't have water mains, sewage, and all electricity comes from centrally owned diesel generators, it's illegal to have your own. It doesn't have cars. Shopping is limited to 2 small shops. There is no airport, you can only get there by boat. It also takes so long to buy or rent anything you will probably give up after 3 months. Also there is no way you can get enough land to support yourself as the place is tiny.
@Condorcet2011
@Condorcet2011 23 дня назад
😂 it went from from paradise to hell
@andreashedlund2757
@andreashedlund2757 Месяц назад
Before he said Sark which I have never heard of I thought he was going to say Svalbard.
@XRP747E
@XRP747E Месяц назад
I lived in Sark for a few years c.30 years ago. It was an interesting experience.
@sheikherder
@sheikherder Месяц назад
I'lll probably be here in the US until the last, but I love your broadcasts.
@YesWorkatHome
@YesWorkatHome Месяц назад
Would please also talk about any country that wouldn't do 2030 schedule plan?
@coolrunnings5383
@coolrunnings5383 Месяц назад
I’ve been to guernsey and sark - great places, especially if you want to get away from it all.
@SailingBritaly
@SailingBritaly Месяц назад
Sounds like an appealing place to sail to... Although I might risk getting high speed chased by mounted police because there is no way I'm paying a bicycle tax.
@keha3271
@keha3271 Месяц назад
Sark sounds lovely. Build a Hobbit house in the landscape and make some tax-free babies with the locals, all while enjoying some mead directly from the cask and local artisan cheeses & cuisines.
@BlueBeeMCMLXI
@BlueBeeMCMLXI Месяц назад
You are wet behind the ears... LOL
@shunter8888
@shunter8888 Месяц назад
Tax free babies. Seriously. What does this have to do with anything. This isn't Brazil.
@danbradbury4067
@danbradbury4067 19 дней назад
Great video. Getting your book
@nomadcapitalist
@nomadcapitalist 18 дней назад
Awesome, share your thoughts after reading it!
@patrick_gerard_zec_de_almeida
@patrick_gerard_zec_de_almeida Месяц назад
____Asm sounds like a tricky island. Kul concept though. Kind regards.
@mattpackwood6737
@mattpackwood6737 Месяц назад
There are taxes if you buy a home on Sark. A property transfer tax of 7.5% was implemented on Sark from January 1, 2024. Since most homes for sale are around £750,000, the tax would be a whopping £56, 250 !!
@Mpg972
@Mpg972 Месяц назад
Or 19% in Ukraine on your 2nd home
@immortalityIMT
@immortalityIMT Месяц назад
The English Royal Family keep their money there. That is why it's tax-free.
@stevemyers2092
@stevemyers2092 Месяц назад
i thought the Isle of Man
@elasticharmony
@elasticharmony Месяц назад
Buried treasure or that famous billion pound note?
@user-vl6xt2rt7p
@user-vl6xt2rt7p Месяц назад
The British royal family can exempt themselves from paying any tax
@enjoystraveling
@enjoystraveling Месяц назад
@@user-vl6xt2rt7p I thought I read that the Queen Elizabeth II had decided last few years of her rain that the royal family would pay taxes and they started that
@enjoystraveling
@enjoystraveling Месяц назад
Reign I meant not rain
@NdinehafoHakweenda
@NdinehafoHakweenda Месяц назад
I never heard of Sark,interesting
@JM-gu3tx
@JM-gu3tx Месяц назад
Basic British geography.
@urldroidsuperbot2139
@urldroidsuperbot2139 Месяц назад
There maybe one home available or none, given its size. Once has to keep travelling in all other places not to clock 183 days in any jurisdiction. It is an impossible to migrate place.
@jaylozier4083
@jaylozier4083 Месяц назад
Andrew, did you see that a taco stand in Mexico City got a Michelin star (unprecedented)? Taqueria El Califa de Leon. Is that "your" taco place?
@mars54mars54
@mars54mars54 Месяц назад
It’s about time, street tacos are some of the very best food on the planet!
@plizak
@plizak Месяц назад
Nice! I ate at the Michelin star chicken rice place in Singapore. Which was the cheapest Michelin star place at the time. Might have to finally go to Mexico City to try these tacos! 🌮
@tombowman4489
@tombowman4489 Месяц назад
I can confirm the weather in the UK is 89% dog Sh*t.
@AnonDa
@AnonDa Месяц назад
98%*
@reneket2295
@reneket2295 Месяц назад
Thats a myth. Specially the south-west of UK has "France" weather with palm trees everywhere. Sark is only 30km from France.
@-pg6767
@-pg6767 Месяц назад
@@reneket2295yeah right, where?
@darkmatter6714
@darkmatter6714 Месяц назад
@@-pg6767google “English riviera beaches” and click on images
@greghayes9118
@greghayes9118 Месяц назад
I would be more than happy to be invited to financially contribute to worth while government projects. That would be reasonable and fair..
@Orson2u
@Orson2u Месяц назад
Anyone remember Cutty-Sark?
@revoktorment440
@revoktorment440 Месяц назад
Must be hard to have a business there that requires any regular delivery of materials
@froufou100
@froufou100 Месяц назад
I am French and I have never heard of that island, Oh MY!
@MarinaLaroche
@MarinaLaroche Месяц назад
Qu'est-ce que vous avez entendu dire ?
@froufou100
@froufou100 Месяц назад
@@MarinaLaroche rien du tout lol, Andrew m’apprend des chose
@abdulrazakbendjema9778
@abdulrazakbendjema9778 Месяц назад
Why you never talked about Andorra before? It's a nice place
@leotravel85
@leotravel85 Месяц назад
Real state too expensive
@SamiNami
@SamiNami Месяц назад
It's not very nice at all, nothing to do.
@felixtravelers
@felixtravelers Месяц назад
@@SamiNami ski 🎿 and snowboard 🏂 during winter I guess some hiking during the rest of the year
@cnachopchopnewsagency
@cnachopchopnewsagency Месяц назад
Andorra practically still work under France thumb.
@abdulrazakbendjema9778
@abdulrazakbendjema9778 Месяц назад
@@SamiNami it's convenient for retirees
@omnyt
@omnyt 13 дней назад
Hi @Nomad Capitalist, can you talk about the conditions in Andorra? Thanks
@nomadcapitalist
@nomadcapitalist 13 дней назад
You can read our blog about it: nomadcapitalist.com/global-citizen/andorra-tax-residency/
@olivierlesage7033
@olivierlesage7033 Месяц назад
Well if you like rain and humid weather go for it. Personally I prefer Arizona or Southern California 🌞 even if you have to pay taxes. Quality of life is key...
@burn2406
@burn2406 Месяц назад
We move to Sark!
@dressydress9726
@dressydress9726 Месяц назад
And surprise surprise, taxes could be introduced in a few years.
@JaredPaideia
@JaredPaideia Месяц назад
Hey Wes, thoughts on Gibraltar? I’ve seen it regarded as a tax haven.
@Orson2u
@Orson2u Месяц назад
Hi taxes; high property prices. But corps and trusts are different. It you don’t do business in Gibraltar! Non Dom excellence.
@mlmpro_
@mlmpro_ Месяц назад
The only problem is there is no houses available
@ozmunky
@ozmunky Месяц назад
Fark! I'm going to Sark ...
@ChristophFluriHeckenbuecker
@ChristophFluriHeckenbuecker Месяц назад
Wonder if the serve Oysters! Must be pretty good there :-) At least one thing to do there
@azdbuk
@azdbuk Месяц назад
You had me at "introverts".
@patrickfreeman8257
@patrickfreeman8257 Месяц назад
I've never heard of Sark before. If the locals are known as Sarkastics then I'm on the next flight
@heyjude2109
@heyjude2109 Месяц назад
😂😂😂😂
@danh5637
@danh5637 Месяц назад
What’s the internet connectivity like? And what about parcels?
@hemantparakh6462
@hemantparakh6462 Месяц назад
ACCA Of Sark Radio License is my requirement
@mikewebber7553
@mikewebber7553 Месяц назад
Set up small ships;with the Sark flag, off the cost of Dubai, us , UK and so on .
@iamkamsai
@iamkamsai Месяц назад
theres always some trade-off with these places, saying zero tax is how they get you in, but lets be honest its never really zero, you will pay something somewhere, always read the fine print 😂
@Mpg972
@Mpg972 Месяц назад
Product taxes I imagine as they probably produce nothing
@leoprg5330
@leoprg5330 Месяц назад
Would be interesting to know how complicated it is to get a building permit on Sark. My uneducated guess is it's not worth it. Across EU in general it's quite complicated. I don't think any millionaire would like to live in a shack
@user-im7rk8bj4v
@user-im7rk8bj4v Месяц назад
You can get this only if you qualify for "local market" properties, which you do after 15 years residence in Sark. Otherwise you can only rebuild an old property from before 1973
@shunter8888
@shunter8888 Месяц назад
And the local builders don't like competition. You don't get work, even if you're good & qualified. Or are better than them. They seem to employ locals preferably.
@fernandaepics2286
@fernandaepics2286 День назад
A holistic approach? Did you do financial's any exorcism ? Hahaha! OK. You have a good channel. Thank you for the great content!
@reneeemigree9004
@reneeemigree9004 Месяц назад
What? No taxes at all - wow - hidden spot, the little aisles off of the UK, thanks
@artexpert862
@artexpert862 Месяц назад
No real estate available , nothing ; only solution is to rent a place for your boat in the harbor
@mickeymichaels1298
@mickeymichaels1298 Месяц назад
Lord of Sark sounds so Monty Pythonesque.
@Evansteven244
@Evansteven244 Месяц назад
Sark island on-it thanks
@marinescucandrei
@marinescucandrei Месяц назад
If you pay tax on your property then you don't really own it. And it's also huge . There are still places in Eastern Europe where property tax is really really small, not for long probably.
@jackbrown5184
@jackbrown5184 Месяц назад
0 tax sounds great. But unless you are an ultra high net worth individual, don’t expect an improvement to your quality of life. By moving to these places just to avoid taxes 😂
@johnsharp2994
@johnsharp2994 Месяц назад
Annual sheep racing is a great day out!
@iaprm
@iaprm Месяц назад
Neptun also seems to be tax free. Bonus points, it's free from humans and cars. Great escape.
@zZnighthunterZz
@zZnighthunterZz Месяц назад
nice
@shanonantony
@shanonantony 7 дней назад
Jersey is great, great beaches and food scene and loads of flights to London City Gatwick Heathrow daily, I go all the time as we have family in NZ and Jersey. Incorp biz in isle of man for sure and then residency for whatever works for you.
@rendezyt
@rendezyt Месяц назад
What about San-Marino as tax-friendly place?
@JM-gu3tx
@JM-gu3tx Месяц назад
Don't know, but they have been run by communists in recent memory.
@philip8448
@philip8448 Месяц назад
You crashed the Sark estate agent website.
@ay5960
@ay5960 Месяц назад
Is there a good internet connection? if so sounds like the heaven.
@Helix_Nova
@Helix_Nova 13 дней назад
It´s in Europe, but outside EU. So with that said it´s ecual to any other country with 0/low taxes that have much better climate in the world.
@Godsmustbecrazi3
@Godsmustbecrazi3 Месяц назад
lol u can’t survive in sark people, I lived in guernsey and frequently went to sark just to walk around and enjoy the beach. Guernsey itself is boring at some point which is 66k plus inhabitants
@elasticharmony
@elasticharmony Месяц назад
My folks came from there, an old Norman property still a direct Ducal rule, they had real feudal homage there until the 70's, payed in kine, real life ! Has its own currency better than the pound .
@MarkRose1337
@MarkRose1337 Месяц назад
Why not? I have family that lived on islands with fewer than 10 people, and no stores.
@Godsmustbecrazi3
@Godsmustbecrazi3 Месяц назад
@@MarkRose1337 for people that are use to living in cities and have a certain lifestyle, like I worked and lived in guernsey, loved it there to some degree, but a lot other things was lacking. No good friendship connection, u can’t decide to just leave the island and go somewhere else to see close connections, so this factors contribute a lot
@MarkRose1337
@MarkRose1337 Месяц назад
@@Godsmustbecrazi3 That's fair! I am somewhat used to extensive travel to see people, so taking a boat to get off Sark wouldn't bother me.
@Godsmustbecrazi3
@Godsmustbecrazi3 Месяц назад
@@MarkRose1337 don’t get me wrong am getting to a place on my life where I really love that kind of quiet life but for that to happen I would need someone or a few people I can build a solid connection with on such island
@videofrat3115
@videofrat3115 Месяц назад
What is the minimum yearly stay to qualify as a resident? Do I even need to rent a house to be a taxpayer there?
@VlogLife247
@VlogLife247 Месяц назад
Live in UK and never heard of the place, never shown in geography or history books here, very quiet, I wonder why 🤣🤣
@MrOrbion
@MrOrbion 8 дней назад
If you want to live on low tax British overseas territories that are located in Europe, Gibraltar is much better. Nice weather and low teens corporate tax with a lump sum personal income tax
@F_Yale
@F_Yale Месяц назад
Could you set up Sark as your tax residency without actually living there, as long as that is the only place where you have assets in your name?
@philip8448
@philip8448 Месяц назад
Currently you do not have to spend a single day in Sark to be resident - as long as you rent/buy a property and it is available for your own use and you pay the property tax. They are talking about introducing a 90 day resident rule because they get annoyed by ghost residents that add nothing to the island community, but nothing has been done so far.
@enjoystraveling
@enjoystraveling Месяц назад
@@philip8448 I think it’s sort of strange to be considered a resident when you’re not really a resident. . If I was in that community, I would be annoyed too if there was all these empty houses, rental or owned and nobody living in them, especially since it’s a very small island.
@enjoystraveling
@enjoystraveling Месяц назад
I’d have to look it up again, but I believe you can get around the whole island and less than a day just by walking.
@jeanpierreviergever1417
@jeanpierreviergever1417 Месяц назад
Your residency is usually where you reside, where your personal and working life takes place. It is not something formal, except if you are from the US.
@tomj528
@tomj528 Месяц назад
That seems like a lot of trouble. Here in the U.S. we pay a little under $3,000 for property taxes, sales taxes and gasoline tax combined. Nothing for income tax, nothing for long term capital gains/qualified dividends and thanks to forward thinking tax planning, nothing in the future either. I have no need for business, other than whatever monkey business I feel like getting up to and since our need of spending is low, building wealth completely tax free is an easy affair.
@liquid_metal
@liquid_metal Месяц назад
You pay Federal taxes then.
@tomj528
@tomj528 Месяц назад
@@liquid_metal Not a penny for federal nor state.
@liquid_metal
@liquid_metal Месяц назад
@@tomj528 how is that possible? I guess you have 0 taxable income?
@tomj528
@tomj528 Месяц назад
@@liquid_metal My personal record is $88K of gross income with no taxes when I sold a residential lot. Otherwise how I do it is to maximize the form 8880 retirement saver's credit which bumps my tax free zone up from the standard deduction. Additionally I'm working a long term tax plan with a good sized Roth conversions each and every year. The thing to realize is that the type of income matters more than anything else. Social security is only partially taxed depending upon your provisional (other) income and only up to 85% is taxable. If you keep yourself in the 12% tax bracket long term capital gains/qualified dividends have a 0% tax rate.
@Wizerud
@Wizerud Месяц назад
No worries, they don’t want or need you there anyway 😏
@rrk8707
@rrk8707 Месяц назад
People could also go to Guernsey or Andorra for Cheap or no taxes.... 👀🤷🏼‍♂️
@JM-gu3tx
@JM-gu3tx 24 дня назад
Subject-verb agreement is missing.
@thranduiloropherion7756
@thranduiloropherion7756 25 дней назад
I am an introvert sarkastic capitalist 👌🏻
@basspig
@basspig Месяц назад
As a retired senior citizen the only tax that concerns me is property tax.
@MrPatvee
@MrPatvee Месяц назад
How's the highspeed internet connection?
@Orson2u
@Orson2u Месяц назад
Think Starlink or Sat phone.
@Userxyz-z2d
@Userxyz-z2d Месяц назад
I would think (Tommy Hilfiger's) Victor Hugo would be bored in Sark. 😂
@inasl4551
@inasl4551 Месяц назад
Tax are a good thing. Not paying taxes means taking advantage of a market place and nor paying any bills.
@ricnyc2759
@ricnyc2759 Месяц назад
I don't get what you guys want. Do you want to ride on paved roads, and not pay for them? Sanitation service and not pay for it? Do you think you're too good, countries will allow you to live there just because you're cute? I think I must be stupid because I do NOT get it.
@ireviewdopesht7216
@ireviewdopesht7216 Месяц назад
Sark will be Ibiza by the time I get there 🤦
@mmarch2978
@mmarch2978 Месяц назад
Zero percent to do makes Jersey look like Mecca.
@duncanharvey6245
@duncanharvey6245 Месяц назад
The channel Islands do not form part of the British Isles mate.
@mrphillipthomas
@mrphillipthomas Месяц назад
Which island in Europe has great tax benefits? Sark-has-em! Sarcasm!
@marker3346
@marker3346 Месяц назад
We are so messed up, that we think 500 people can't manage themselves, without raising taxes. God have mercy.
@geopietro
@geopietro Месяц назад
Sark sounds great but as an American becoming a citizen (leaving the US) there's no way of avoiding US capital gains tax. :-(
@bradforddavis6497
@bradforddavis6497 Месяц назад
Me my backpack, bicycle and 200,000 pounds.
@ThomasTomiczek
@ThomasTomiczek Месяц назад
Tax on Horses and Bicycles? And no cars? This is 2025 - Scooter and Segway ;) Done. How do they define car? I mean, trike?
@elasticharmony
@elasticharmony Месяц назад
Alas they just have to tax something, it's the mongol blood , are not these government bodies little mosquitoes
@user-sd5cm9wf6p
@user-sd5cm9wf6p Месяц назад
My horse is literally named Scooter.
@enjoystraveling
@enjoystraveling Месяц назад
There is hardly any roads on Sark maybe only one so no one would need a scooter or Segway anyway. I had been to Jersey before and Sark is even more isolated, like on the video you can only get there by a boat or ferry and if the weather in the channel is bad, they’re stuck there.
@ThomasTomiczek
@ThomasTomiczek Месяц назад
@@enjoystraveling As a german: It is a shame, that is big enough for a parking lot, a highway (a small one) and a racing track, so it should have all of them.
@sirrandolphnettleby3114
@sirrandolphnettleby3114 Месяц назад
Used to be called THE SARK LARK.
@LeonPhythian69
@LeonPhythian69 Месяц назад
How much do you need in the bank initially?
@alexv8279
@alexv8279 Месяц назад
The Barclay family own a lot of Sark, not exactly the most amenable lot plus there are their current familial disputes
@JM-gu3tx
@JM-gu3tx Месяц назад
Say all the communists, socialists and WEF types perhaps?
@stephenday4834
@stephenday4834 Месяц назад
That's the island next door. They own the whole thing.
@trdi
@trdi Месяц назад
I think you should go there and live for a month... Anyone that arranges this deal has issues...
@captflam5266
@captflam5266 Месяц назад
Is it a joke of some kind ? have you been to sark ? no cars no airport as you say even by sailboat its not easy, around guernsey many rocks, tidal coefficient very high in guernsey and sark just in front you can find the private island of a british tobacoo magnate in front of sark
@philip8448
@philip8448 Месяц назад
You just get the boat from Guernsey to Sark. They do multiple crossing per day and takes 55 mins. Costs £19.
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