how do I become a resident
Jan 18th 2020, 4:50 pm
#76
BE Forum Addict
Joined: Jul 2009
Posts: 1,834
Re: how do I become a resident
I assume you now realise that you were wrong to state that I had admitted inaccuracy. You have accused me of inaccuracy or implied inaccuracy by suggesting others are 'more' accurate but you haven't been able to identify an admission by me. If you'd like to point out an inaccurate statement made by me since you joined this forum, I'll happily admit to it.
Jan 18th 2020, 4:55 pm
#77
BE Forum Addict
Joined: Jul 2009
Posts: 1,834
Re: how do I become a resident
other
/ˈʌðə/
adjective · pronoun
/ˈʌðə/
adjective · pronoun
- 1.
used to refer to [a person or] thing that is different or distinct from one already mentioned or known about.
Jan 19th 2020, 5:00 am
#78
BE Forum Addict
Joined: Mar 2008
Posts: 1,704
Re: how do I become a resident
Another interesting topic for Brits in Portugal.
If you own a property in Portugal and are a resident for tax purposes, and sell that property during the next 11 months, will you be able to reinvest in the UK, to take advantage of the role over relief given?
Or would you be forced to either pay the 28% capital gain tax as a non resident or have to reinvest somewhere in the EU.
I would expect that after dec 2020 Brits will need to pay 28% tax on any gain made, with no other options.
If you own a property in Portugal and are a resident for tax purposes, and sell that property during the next 11 months, will you be able to reinvest in the UK, to take advantage of the role over relief given?
Or would you be forced to either pay the 28% capital gain tax as a non resident or have to reinvest somewhere in the EU.
I would expect that after dec 2020 Brits will need to pay 28% tax on any gain made, with no other options.
Jan 23rd 2020, 10:10 am
#79
Forum Regular
Joined: Jun 2014
Location: York
Posts: 52
Re: how do I become a resident
Thanks for your clarifications on being tax resident in more than one country and sorry for such a tardy reply, I've been offline for the last few days.
Jan 23rd 2020, 10:49 am
#80
Forum Regular
Joined: Jun 2014
Location: York
Posts: 52
Re: how do I become a resident
A couple of points from.the thread.
USS Pension
You need to check with USS whether it is regarded by HMRC as a a local authority/government scheme. If it is regarded as such, it will be taxable in the UK, otherwise in Portugal (in which case NHR will apply).
...
Personal Allowance.
A final caveat on this. It was mooted, some 4 or 5 years ago, that this might be abolished or altered for expats. If so that would probably have applied to rental income. It seemed, though, that the Pension income which is taxable in the UK would probably have continued to enjoy that benefit. It was not pursued at the time, and could return one day.
USS Pension
You need to check with USS whether it is regarded by HMRC as a a local authority/government scheme. If it is regarded as such, it will be taxable in the UK, otherwise in Portugal (in which case NHR will apply).
...
Personal Allowance.
A final caveat on this. It was mooted, some 4 or 5 years ago, that this might be abolished or altered for expats. If so that would probably have applied to rental income. It seemed, though, that the Pension income which is taxable in the UK would probably have continued to enjoy that benefit. It was not pursued at the time, and could return one day.
I would contact HMRC to ask about the treatment of USS pensions before applying for NHR status. As it happens, due to family issues which have arisen recently, I would not now be ready to begin cutting my ties with the UK in 2020 sufficiently to be elligible to apply for NHR, which I'd have to do by this March, having formalised Portuguese residency at the end of last year when I stayed 3 months and thought I would be staying longer. Do I now have to inform the Financas or the Camera that I do not intend to stay resident, in order to avoid the Portuguese trying to deem me as tax resident in Portugal in 2020? I don't currently have any income other than my USS pension and AL income in Portugal which I already pay Portuguese tax on and declare on my UK tax return too. But my income status could change in the future. For the moment I need to continue to spend more than half the year in the UK. If I do need to inform someone of this and it's not either the portuguese Financas or the Camera, does anyone know who would it be?
Jan 23rd 2020, 11:06 am
#81
BE Enthusiast
Joined: Jul 2016
Location: Alvaiázere, central Portugal
Posts: 591
Re: how do I become a resident
Were you formally a resident, last year? Oh yes, I see that you were. This being the case, am I right to assume that you have a formal Residencia document (an A4 sheet with the EU stars)? Finally, do you have online access to the Finanças website, with a login password? If you have a Residencia and login, then you should apply online for NHR, if no login, then get one immediately and apply for NHR.
The reason is that NHR status continues for 10 years. But if, during that 10 year period, you are non resident, it is not cancelled. You just don’t get the benefit of it during that time.
The reason is that NHR status continues for 10 years. But if, during that 10 year period, you are non resident, it is not cancelled. You just don’t get the benefit of it during that time.
Last edited by Diddion; Jan 23rd 2020 at 11:15 am.
Jan 24th 2020, 9:20 am
#82
BE Forum Addict
Joined: Mar 2013
Location: central Portugal
Posts: 4,111
Re: how do I become a resident
The Telegraaph reported at 1013 hours today that all 27 member states have ratified the withdrawal agreement which means there will be a transition period until 31st December 2020.
Jan 24th 2020, 5:13 pm
#83
BE Forum Addict
Joined: Mar 2013
Location: central Portugal
Posts: 4,111
Re: how do I become a resident
I wish they'd make up their blinkin' minds!
Jan 24th 2020, 5:30 pm
#84
BE Forum Addict
Joined: Mar 2008
Posts: 1,704
Re: how do I become a resident
meeting of all 27 is next wednesday I thought, only then can it be ratified
Jan 24th 2020, 5:31 pm
#85
BE Forum Addict
Joined: Mar 2008
Posts: 1,704
Re: how do I become a resident
which of course it will be or they run the risk of the wrath of Boris !!!!
Jan 24th 2020, 6:50 pm
#86
Forum Regular
Joined: Dec 2019
Posts: 49
Re: how do I become a resident
Given that it's been signed by the first EU hurdle, Boris, and the Queen, I can't imagine they'd block it - unless they just won't accept the changes Boris made, such as the child refugees etc.
Jan 24th 2020, 7:13 pm
#87
Forum Regular
Joined: Jan 2020
Posts: 130
Re: how do I become a resident
I would post my thoughts on how child refugees are used as pawns in any immigration debate, but l believe we aren't supposed to get political on here.........................
Jan 24th 2020, 8:08 pm
#89
Forum Regular
Joined: Jan 2020
Posts: 130
Re: how do I become a resident
Put your cup down & read this latest info mfeshaky hands! ;-)
https://www.telegraph.co.uk/politics...box=1579896422
https://www.telegraph.co.uk/politics...box=1579896422
Last edited by Euroguy; Jan 24th 2020 at 8:21 pm.
Jan 24th 2020, 8:16 pm
#90
Polished expat
Joined: Jul 2014
Location: Arcos de Valdevez "Onde Portugal se fez"
Posts: 16,828
Re: how do I become a resident
Their removal from the UK's Withdrawal Agreement Bill in the new Conservative overall majority parliament doesn't constitute an amendment to the Withdrawal Agreement itself.