Tax residency.
#16
BE Forum Addict
Joined: Jul 2009
Posts: 1,835
Re: Tax residency.
I would assume that any annual allowances or thresholds for residents are adjusted pro-rata to cover the period of residency.
#18
BE Forum Addict
Thread Starter
Joined: Aug 2012
Location: Viana do Castelo
Posts: 1,385
Re: Tax residency.
Thanks Richard. Now I'm wondering if AT will tax the non resident period as well otherwise why would they want it?
#19
BE Forum Addict
Joined: Jul 2009
Posts: 1,835
Re: Tax residency.
I would assume that as a non-resident the only items that would be declared for that period are those that are taxable in Portugal, such as income from Portuguese real estate.
Presumably they just want it for completeness.
Presumably they just want it for completeness.
Last edited by RichardHenshall; Nov 23rd 2017 at 1:53 pm.
#20
BE Forum Addict
Thread Starter
Joined: Aug 2012
Location: Viana do Castelo
Posts: 1,385
Re: Tax residency.
Ah. Makes sense now. When you cease to be a resident your assets such as securities and shares are "deemed as Sold" the day before and bought at the same price the day after. This capital gains tax paid to your country of origin will readjust the base cost to a new market related price.
So your assets will start on a clean slate for PT tax.
So your assets will start on a clean slate for PT tax.
#21
BE Enthusiast
Joined: Jan 2006
Posts: 360
Re: Tax residency.
What do you mean by attained residency? The process of registration of residency with your Câmara has little relevance to tax-residency.
In your example you have entered on 1 December 2017, presumably to stay. Why do you think that you aren't tax-resident from 1 December 2017? Because you haven't registered your residency?
In your example you have entered on 1 December 2017, presumably to stay. Why do you think that you aren't tax-resident from 1 December 2017? Because you haven't registered your residency?
So, paradoxically, with backdating of tax residency, tax residency will be from a date prior to residency - is that correct?
#22
BE Forum Addict
Joined: Jul 2009
Posts: 1,835
Re: Tax residency.
I'm not clear why you feel the need to be granted residency, some time after arrival.
If you're an EU citizen, then you have the right to reside in Portugal. If you're not and you're coming to Portugal to reside, you presumably obtain a visa that gives you the right to do so, even if there are subsequent formalities requiring completion at a later date.
If you're not tax-resident in Portugal from arrival in Portugal as an immigrant, where are you tax-resident?
If you're an EU citizen, then you have the right to reside in Portugal. If you're not and you're coming to Portugal to reside, you presumably obtain a visa that gives you the right to do so, even if there are subsequent formalities requiring completion at a later date.
If you're not tax-resident in Portugal from arrival in Portugal as an immigrant, where are you tax-resident?
#23
BE Enthusiast
Joined: Jan 2006
Posts: 360
Re: Tax residency.
I'm not clear why you feel the need to be granted residency, some time after arrival.
If you're not tax-resident in Portugal from arrival in Portugal as an immigrant, where are you tax-resident?
#24
Just Joined
Joined: Nov 2017
Posts: 18
Re: Tax residency.
Ah. Makes sense now. When you cease to be a resident your assets such as securities and shares are "deemed as Sold" the day before and bought at the same price the day after. This capital gains tax paid to your country of origin will readjust the base cost to a new market related price.
So your assets will start on a clean slate for PT tax.
So your assets will start on a clean slate for PT tax.
Are you thinking about moving to Portugal and benefit from the NHR regime? Because I'm a close friend of a Tax Lawyer, we would be helpful and keen to answer your questions.
If you want the contact (email or phone number) just say so!
Best Regards,
David.
#25
BE Forum Addict
Joined: Jul 2009
Posts: 1,835
Re: Tax residency.
An EU citizen is allowed to live in Portugal for 3 months without formally registering their residence. Once the 3 months are up you must register your residence within 30 days. It's not an application for permission to become a resident, more a notification that you've become a resident. You do not need to wait 3 months if you know you're staying.
There are, no doubt, some situations where you may be asked to leave the country at some stage but I would imagine that this is very unusual and I suspect tax affairs might be unimportant to you in that event.
There are, no doubt, some situations where you may be asked to leave the country at some stage but I would imagine that this is very unusual and I suspect tax affairs might be unimportant to you in that event.
#26
BE Enthusiast
Joined: Jul 2017
Location: Algarve
Posts: 569
Re: Tax residency.
An EU citizen is allowed to live in Portugal for 3 months without formally registering their residence. Once the 3 months are up you must register your residence within 30 days. It's not an application for permission to become a resident, more a notification that you've become a resident. You do not need to wait 3 months if you know you're staying.
There are, no doubt, some situations where you may be asked to leave the country at some stage but I would imagine that this is very unusual and I suspect tax affairs might be unimportant to you in that event.
There are, no doubt, some situations where you may be asked to leave the country at some stage but I would imagine that this is very unusual and I suspect tax affairs might be unimportant to you in that event.
#28
BE Forum Addict
Thread Starter
Joined: Aug 2012
Location: Viana do Castelo
Posts: 1,385
Re: Tax residency.
Thanks David. That would be great if you can PM me the email address. I need help desperately.
#29
BE Enthusiast
Joined: Jul 2017
Location: Algarve
Posts: 569
Re: Tax residency.
We will receive an email as soon as our residency-card is ready.