If you have moved to the Algarve or are planning to relocate, you will appreciate it is a beautiful place to live. With careful planning, Portugal can offer many financial advantages too. These key considerations can help you avoid costly mistakes while making the most of tax-efficient opportunities in Portugal.
For a long time, UK property owners who lived permanently overseas did not need to worry about UK capital gains tax when selling the property. However, in recent years, significant changes have seen most non-residents come into firing range for this tax.
If you own UK property, make sure you understand the tax implications and what you can do to minimise taxation and take advantage of tax-efficient opportunities in Portugal.
UK Political Drama Inspires Sterling Volatility
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…
The past month was marked by significant volatility in the pound in response to a flurry of UK political developments. This saw the GBP/EUR trade between 1.09 and 1.13 with EUR/GBP retreating to 0.88.
Meanwhile, GBP/USD climbed from 1.21 to 1.25 having struck a three-year low of 1.19 along the way, whilst EUR/USD held steady at 1.10.
Portugal, Italy, Ireland, Greece and Spain, dubbed by the media as 'PIIGS', were deemed to be the culprits responsible for the eurozone crisis, due to their overspending. But is the picture obscured?
UK Political Drama Inspires Sterling Volatility
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…
When was the last time you gave your finances a health check? If it was a while ago or you cannot remember, you will almost certainly benefit from reviewing your situation.
Not only do your circumstances and goals generally evolve over time, but the rules and available options can change too. If you don’t keep up, you could find you are paying more taxes than you need to or missing out on new opportunities that offer significant advantages.
Euro under pressure, but GBP still falls from multi-week highs
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…
