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RE: The New York Times Talks About Puerto Rico Becoming a Crypto Utopia
Correct. If they obtain a decree under Act 22, then they pay no tax on capital gains from the sale of investment assets, which generally includes real estate. However gains that accrued before they move to Puerto Rico are still generally taxed.
Wow, I guess this is a law peculiar to Puerto Rico alone...or do you know of any other city where this is practiced?