Short answer: qualifying covered expatriates who give up citizenship or long-term green cards may face exit tax (deemed sale of worldwide assets). Net-worth and tax-liability thresholds follow IRS rules — specialist tax planning required.
US Exit Tax and Covered Expatriates
Written by Global Immigrate consultants · Reviewed by Oscar Yip, Founder & Managing Director
Summary
Deemed-sale tax may apply when relinquishing citizenship or long-term residency.
FAQ
Drop green card within five years?
Long-term resident tests use holding periods — calculate carefully.
Avoidable?
Limited room — plan early.
Link to other citizenship?
Triggered by exiting US status; related but separate from holding another nationality.