The Luxembourg Example
“Capital gains are tax-free in Luxembourg.”
Sounds great, right?
But only if:
- You held the asset for 6+ months
- The annual gain stays under €500,000
- You’re not classified as a professional investor
Miss one of these, and taxation applies.
The Bigger Picture
Similar “exceptions” apply across many countries:
Germany: 1-year holding for crypto exemptions
Slovakia: 12 months + no active trading
Belgium: depends on intent & frequency
Slovenia: 0%… after 15 years!
It’s not tax-free. It’s tax-conditional.
