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Search: Posts Made By: Diddion
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Forum: Portugal
Mar 2nd 2018, 5:20 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

OK - more for the mix.

I am confident about my original statement concerning capital gains, less so about my thoughts on interest and dividends. Here are some references:

...
Forum: Portugal
Mar 1st 2018, 10:22 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

My head hurts.....
Forum: Portugal
Mar 1st 2018, 9:59 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

Look, for example, at this 2018 link from KPMG. I think they are likely to be correct

http://https://home.kpmg.com/xx/en/home/insights/2011/12/portugal-income-tax.html...
Forum: Portugal
Mar 1st 2018, 9:48 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

Sorry, I don’t understand what (or who?) you’re getting at!
Forum: Portugal
Mar 1st 2018, 9:22 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

On what basis? Unearned income and gains are taxed at 28%, other than when held in a European compliant bond. I beg to differ with you and with the lawyer I am afraid, Pilou. This view of...
Forum: Portugal
Mar 1st 2018, 8:20 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

My understanding is that interest, dividends and gains on shares do not qualify for NHR, so I fear that you’ll be in for a hefty tax bill, I’m afraid. I think you are looking at a figure of...
Forum: Portugal
Oct 22nd 2017, 9:30 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

Hmm, Sri Pete, I still believe I am right on this one, though am always willing to be corrected. The point is that the US has given itself the right to tax US individuals on their worldwide income...
Forum: Portugal
Sep 25th 2017, 10:45 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

In this case I believe the issue is at the American end because, although the NHR program is available to US citizens, the American IRS will continue to tax them if overseas resident - hence no...
Forum: Portugal
Sep 23rd 2017, 4:04 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

The NHR benefits are of course much wider than purely pensions, since the benefits also encompass foreign-sourced earnings and gains, and foreign-sourced rental income. The latter (for a...
Forum: Portugal
Aug 21st 2017, 12:44 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

I have just re-read your post, and it seems to me that having a UK resident spouse would simply count as one of the ties in the statutary residence test.
If I am right, you could still qualify as...
Forum: Portugal
Aug 21st 2017, 12:14 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

Yes, it can be a problem! This is the source material:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/547118/160803_RDR3_August2016_v2_0final_078500.pdf
Forum: Portugal
Aug 21st 2017, 11:18 am
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

I assume that your earnings will be regarded as non-Portuguese sourced. Bear in mind that you cannot apply for NHR if you have been a Portuguese resident in any of the previous five years. So...
Forum: Portugal
Aug 5th 2017, 9:43 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

I don't get this. Foreign sourced income, including most UK pensions, will not be taxed in the UK, and under NHR will also not be taxed in PT. Income from UK rents is taxable in the UK, but the UK...
Forum: Portugal
Aug 5th 2017, 2:31 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

wow!
Forum: Portugal
Jun 25th 2017, 8:07 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Step by Step - Arrival in Portugal

Thanks, macliam. I did contact them, and the receptionist passed my message onto the MD. But that's the last I heard......
Forum: Portugal
Jun 25th 2017, 5:32 pm
Replies: 209
Views: 56,852
Posted By Diddion

Re: Arrival in Portugal - where will we be deemed resident?

Thanks, Macliam - I am generally aware of these issues, and it is the tax residency position that exercises me. Our plan will to become tax resident and make use of the NHR status once we are able...
Forum: Portugal
Jun 24th 2017, 7:03 pm
Replies: 209
Views: 56,852
Posted By Diddion

Arrival in Portugal - where will we be deemed resident?

Can someone comment on this tax/residency question?

1. Having purchased a car on May 14 this year, we intend arriving in Portugal on May 15 next year so that we will avoid import duty.
2. I...
Showing results 1 to 17 of 17


 
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