British Expats

British Expats (https://britishexpats.com/forum/)
-   Portugal (https://britishexpats.com/forum/portugal-89/)
-   -   NHR & Brexit (sorry!) (https://britishexpats.com/forum/portugal-89/nhr-brexit-sorry-925258/)

sambo76 May 26th 2019 3:03 pm

NHR & Brexit (sorry!)
 
Apologies for bringing this up again, trying to work out how it may impact my relocation to PT (I'll keep it brief).

My wife & I are English, also holding Australian citizenship. We will be in Portugal this July viewing property/locations but most likely will not be ready to move before October 31st. We intend to apply for NHR, do people think Brexit (worse-case no deal) will impact NHR applications post-Oct, and/or is there anything I can do in the mean time to get the ball rolling. We're currently based in Panama so we cannot spend much time in Portugal this year. TIA

RichardHenshall May 26th 2019 5:06 pm

Re: NHR & Brexit (sorry!)
 
Brexit, if & when & in whatever form will have no direct effect on an application for NHR status. To apply for NHR status you must first become a registered resident. Becoming a resident may become more difficult for a Brit, post-Brexit, but there isn't really anything you can do to make the residency process easier other than move to Portugal before Brexit, or discover a route to another (non-British) EU citizenship.

EMR May 26th 2019 8:06 pm

Re: NHR & Brexit (sorry!)
 
DOES the applicants country of current tax residence affect qualification for NHR.?.


Red Eric May 26th 2019 8:49 pm

Re: NHR & Brexit (sorry!)
 

Originally Posted by EMR (Post 12689471)
DOES the applicants country of current tax residence affect qualification for NHR.?.

No, although income arising from tax havens doesn't qualify for exemption from PT tax if that's what you're getting at.

RichardHenshall May 26th 2019 9:35 pm

Re: NHR & Brexit (sorry!)
 

Originally Posted by EMR (Post 12689471)
DOES the applicants country of current tax residence affect qualification for NHR.?.

Only in that it mustn't have been Portugal during the preceding 5 years.

sambo76 May 26th 2019 11:14 pm

Re: NHR & Brexit (sorry!)
 

Originally Posted by Red Eric (Post 12689483)
No, although income arising from tax havens doesn't qualify for exemption from PT tax if that's what you're getting at.

Panama oddly enough is not considered a tax haven by PT, more so Channel Islands, Isle of Man etc. Not that many expats living in Panama earn their money locally, it's a 'developing' country...

EMR May 27th 2019 7:45 am

Re: NHR & Brexit (sorry!)
 

Originally Posted by Red Eric (Post 12689483)
No, although income arising from tax havens doesn't qualify for exemption from PT tax if that's what you're getting at.

Yes it was .

sambo76 May 27th 2019 2:49 pm

Re: NHR & Brexit (sorry!)
 

Originally Posted by EMR (Post 12689648)
Yes it was .

:focus: PT & Panama have a double tax agreement; it's not considered a haven lol!

sambo76 May 28th 2019 1:02 pm

Re: NHR & Brexit (sorry!)
 

Originally Posted by RichardHenshall (Post 12689406)
Brexit, if & when & in whatever form will have no direct effect on an application for NHR status. To apply for NHR status you must first become a registered resident. Becoming a resident may become more difficult for a Brit, post-Brexit, but there isn't really anything you can do to make the residency process easier other than move to Portugal before Brexit, or discover a route to another (non-British) EU citizenship.

Thanks Richard, that's my understanding too. It's unlikely I will be registering as a PT resident pre-October so I guess we need to see how the land lies once this mess is sorted; what PT offer UK citizens following Brexit. There is the Golden Visa option as a dual-citizen (none'EU) but the costs of going down that route are far greater than NHR and probably something I wouldn't consider as a result. Guess we just wait and see...

riv May 29th 2019 8:07 am

Re: NHR & Brexit (sorry!)
 
Just thinking aloud : is there any reason you can't pay a short visit this summer or even in October and start renting ( eg somewhere cheap as a basis for looking for a more permanent home in due course ) ?
By October you should be able to get quite cheap three month rentals in emptying seaside towns.

Once you have a rental contract, register at the local Ca^mara, open a bank account with your Portuguese address, obtain an NIF ~I would have thought that constitutes establishing residence, but being 'resident' does not stop you returning to Panama or wherever for however long ?

sambo76 May 29th 2019 12:08 pm

Re: NHR & Brexit (sorry!)
 

Originally Posted by riv (Post 12690693)
Just thinking aloud : is there any reason you can't pay a short visit this summer or even in October and start renting ( eg somewhere cheap as a basis for looking for a more permanent home in due course ) ?
By October you should be able to get quite cheap three month rentals in emptying seaside towns.

Once you have a rental contract, register at the local Ca^mara, open a bank account with your Portuguese address, obtain an NIF ~I would have thought that constitutes establishing residence, but being 'resident' does not stop you returning to Panama or wherever for however long ?

Thanks riv, this was kind of the angle I was looking at too, but the more I look into it, the less likely it is to work for me. But yep, in normal circumstances I could do exactly as you say and then return to current location in order to tie up any loose ends and move back to PT.


All times are GMT. The time now is 10:20 pm.

Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.