I've looked elsewhere and ET to check the amount of CGT payable across EU countries and the UK. From what I can see, for a small time investor, UK, Cyprus and Netherlands appear to be the best (barring rich microstates and Switzerland). EU countries in general have little or no CGT thresholds, while UK has 12k+ Pounds per year. There is speculation though that the Conservative Chancellor is planning to review this due to Covid. UK has also got the ISA tax free wrapper, but it cannot be used for holding LEAPs or any derivatives for that matter (or it can be, but no provider is providing this at the moment). Sweden has got something called ISK which is taxed at a flat 1.x%, but it's only available with local providers, and not with brokers like IB? Netherlands has got Box3, which means a flat tax of 1.5% on your entire assets. But this can change if you are considered a trader and you will be considered in a different Box? So if you have a lot of trading activity in an account you are otherwise using for holding LEAPs, would your Box3 status change? Would it help in this case to have say two separate IB accounts, one for speculation and other for investment (and have them considered in different Boxes), or would you not be eligible for Box3 regardless? I have seen that it's possible to have no CGT if you are trading only overseas stocks/options while settled in Cyprus though I wonder about people's real experiences. Belgium (and Switzerland) often gets talked about when talking about 0% CGT, but I have seen nobody say that it's actually practically the case there. I would assume there are more wrinkles in this story (including exit taxes on unrealized gains, and carryover of losses backward/forward) and would appreciate comments from people who have dealt with any of these countries.