BobSmith888

qianh

k2397

If you become resident in Portugal, you will have access to the Portuguese health service and state schooling. This is unrelated to the NHR scheme which may, if you qualify, exempt some types of income from Portuguese taxation for a 10 year period.

dingg

In your circumstances, you may be entitled to tax free status, it depends on your personal pension and some are allowed to be solely taxed by Portugal, if that's the case you will be legible for tax free drawdown for 10 yrs under nhr scheme your family once resident get the same access to schooling and health system as a Portuguese citizen.

Good luck

BobSmith888

BobSmith888

BobSmith888

qianh

qianh

Red Eric

Without wishing to deviate too much from the thread topic , yes you are correct that state healthcare is residence-based, which means that ultimately whatever happens Brexit-wise won't affect the service received or costs paid by UK citizens already resident here.

dingg

re your circumstances , you will need to read and digest the tax agreements between pt/lux and pt/singapore to be sure what will happen under nhr , maybe ask a specialist in this regard

good luck

Lou71

We took advice on NHR and broadly speaking, it means that income derived from outside Portugal is not taxed by Portugal. Income derived from within Portugal would be taxed by Portugal, even if you are a NHResident.

In certain cases income derived from outside Portugal would be taxed by the country where the income is generated, in line with the laws of that country, i.e. property rental income from the UK would be taxable in the UK but not in PT.

If you have qualified for NHR and are paying no tax in PT and then for example either take a job in PT or rent out your house in PT, that income is taxable in PT.

It is also worth noting that if you pay no tax in PT under the NHR scheme you are entitled to PT state healthcare free of charge but if you start to receive income taxable in PT you are also at that point obliged to pay social security in PT.

If you sell your house within the 10 year NHR period you do not pay PT capital gains tax, if you sell it after the 10 year period, you pay capital gains tax according to the usual rules and exemptions.

qianh

Red Eric

As far as I'm aware, it's only capital gains on the disposal of foreign property which are exempt from PT CGT under NHR. The sale of a Portuguese property would be subject to CGT.

I'll happily stand corrected if anybody can provide solid evidence to the contrary, though

Red Eric

The first post doesn't convey any attitude at all on my reading - it simply asks for confirmation of the facts :
Nobody who benefits from NHR is doing anything underhand or gaining anything at all that isn't entirely intended by the Portuguese authorities. Everybody who lives in Portugal is entitled to the same access to healthcare, education etc as everybody else, regardless of how much income tax they pay.