Re: Moving to PT.... Advice needed please
 

I have briefly looked at it..... Seems that I need to do more reading.

So if you are retired in PT and living off your savings, am I right in saying that when you do your yearly PT tax return you would just declare the interest from your savings that you have gained??

Re: Moving to PT.... Advice needed please
 

You declare ALL your earnings, what ever they are..

Re: Moving to PT.... Advice needed please
 

It makes perfect sense as an objective, yes.

It certainly makes sense and is perfectly achievable to keep your UK personal accounts live and to do any re-organising of accounts / investments / savings before you leave, since it's usually not possible to eg open a new account as a non-resident even if you have existing accounts with whichever institution. On that front it was only the using of the UK account as a repository and subsequently transferring money yourself that I was questioning, not the retaining of the account per se.

On the other matter I can't help - I just know that cross-border working can be fraught with difficulties when you're trying to do the correct thing and getting conflicting information. It's not even particularly clear to me whether you ought to be treated as PT resident or UK resident under the circs you describe, although I'd be strongly inclined to think it might be PT, despite the work being in the UK and your projected presence there being more than in PT. I just don't know where you'd start with working for your own UK company if deemed to be resident in PT and I don't recall ever having read a satisfactory and straightforward explanation. I've read a few tales of woe, though, from people in similar positions :(

This is where it gets a lot easier, although the conversation you've had above doesn't seem to me to have decisively cleared the matter up, possibly because of some of the terms being used.

When you are resident in Portugal, you will be liable for PT tax on your worldwide income. By dint of that residence and the double taxation treaty between the UK and Portugal, you will also cease to be liable for UK tax on some or all of that income. For example under the DTA, state, company and personal pensions and income from savings and investments are taxed in your country of residence so you shouldn't be paying any UK tax on them after you become resident in Portugal. It doesn't actually matter to the tax authorities in which country the account that holds the monies paid is located in this regard - it's your country of residence that's the key.

As has been mentioned, the NHR tax status is very beneficial under these circumstances, since you would also be exempted from any PT tax on such income arising abroad for a period of 10 years - do note, though, that income from savings and investments held in PT institutions does not benefit from this exemption.

Re: Moving to PT.... Advice needed please
 

Another question, this time about driving.

Once I'm a resident, what's the policy regarding my driving licence??
Do I have a certain amount of time to apply for a PT licence or can I just keep my UK licence??
Once I have a PT licence can I continue to drive my UK vehicle in PT??
I'm asking because it's my plan to take my UK van with me when I move and after 6 months return it to UK and then take my other UK van across for 6 months, with the intention of doing this until I eventually get round to purchasing a PT vehicle.

Re: Moving to PT.... Advice needed please
 

There is a whole thread devoted to this specific topic, your answers will be there.

Re: Moving to PT.... Advice needed please
 

As things stand, once you've registered residency, you're obliged to either register or exchange your UK licence. Registration is simpler and free and you get to keep the UK licence until it expires. Exchange involves having a medical, paying a fee, losing hold of the UK licence and driving on a temp permit only valid in PT until the PT licence is issued and possibly losing categories on the licence.

Brexit (assuming it actually goes ahead) will probably wreak changes on this. Until we know what sort of Brexit we're getting it's not really possible to state exactly how or when but you'll have a grace period of at least 3 months even in the worst-case scenario in which to exchange a UK licence.

Regardless of the country of issue of your licence, once resident you are not permitted, except in some exceptional circumstances which won't apply to you, to drive a foreign-plated vehicle unless you are in the process of getting it re-registered onto PT plates. There's a period you must have owned the vehicle for before import and a period by which you must apply to re-register it in order to gain exemption from paying the hefty registration tax. You may only have this exemption for one vehicle per person.

No, you can't do that as a resident.

Re: Moving to PT.... Advice needed please
 

Many thanks for your detailed response.