In preparation for Brexit, most UK expatriates in Portugal have secured residence or put plans in place to settle before the transition period ends in December. But the planning shouldn’t end there, especially if you still have assets and investments in the UK.
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Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks…
How are UK expatriates taxed in Portugal? See Portuguese taxes for 2020 on income, investments, capital gains and wealth, plus the new NHR pensions tax.
Anyone moving to or living in Portugal needs to understand how they will be taxed under the local tax regime. Our article looks at Portuguese taxes on income, investments, capital gains and wealth, plus the benefits of the non-habitual residence regime.
Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks…
Although the UK formally left the EU on 31st January, the transition period means that little has changed for citizens and businesses so far. It was meant to provide 11 months for the two parties to negotiate the new trade deals that will determine their future relationship. Even under usual circumstances, many spectators argued that this was insufficient time given the scale of negotiations – and we now know that these are far from usual conditions.
Sovereign’s office in Lagoa, Algarve, was established in 1999 specifically to meet the growing demand for fiscal assistance from foreign investors and retirees wishing to invest or live in Portugal.
As well as assisting and guiding clients through the complex application processes under Portugal’s popular non-habitual resident (NHR) and ‘golden visa’ schemes, Sovereign provides continued fiscal support for clients that require ongoing fiscal representation and accounting services for the renting out of their Portuguese properties and submission of their tax returns.
Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks…
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