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 |
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.
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Re: NHR & Brexit (sorry!)
DOES the applicants country of current tax residence affect qualification for NHR.?.
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Re: NHR & Brexit (sorry!)
Originally Posted by EMR
(Post 12689471)
DOES the applicants country of current tax residence affect qualification for NHR.?.
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Re: NHR & Brexit (sorry!)
Originally Posted by EMR
(Post 12689471)
DOES the applicants country of current tax residence affect qualification for NHR.?.
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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.
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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.
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Re: NHR & Brexit (sorry!)
Originally Posted by EMR
(Post 12689648)
Yes it was .
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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.
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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 ? |
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 ? |
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