Embee
English looking for information about Portugal
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11
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4
About me
English
Registration: 09 May 2017
Activity
New Resident: Tax Question by Embee
Hello I plan to move to Lisbon this month and become a resident with the intention to retire. I will rent medium/long term initially until I buy a suitable property. This will hopefully lock-in my rights under the EU/UK Withdrawal Agreement. ...
Hello Tonyj1 The main thing is to comply with legal requirements and not over complicate the situation. It can get confusing at times as the term resident is sometimes used when referring to tax-resident and vice-versa. Your comment "in ... Read More
New Resident: Tax Question by Embee
Hello I plan to move to Lisbon this month and become a resident with the intention to retire. I will rent medium/long term initially until I buy a suitable property. This will hopefully lock-in my rights under the EU/UK Withdrawal Agreement. ...
Hello Tonyj1 Thank you for your comments and pointers. I see your point regarding saying you are tax resident then trying to undo that status with the PT tax office. The situation regarding NHR status is also clearer to me know. In this case you ... Read More
New Resident: Tax Question by Embee
Hello I plan to move to Lisbon this month and become a resident with the intention to retire. I will rent medium/long term initially until I buy a suitable property. This will hopefully lock-in my rights under the EU/UK Withdrawal Agreement. ...
Hello Totally agree on better to be safe than be sorry. The issue of property comes into play as it is used in both the UK Statutory Residence Test (for tax residency) and the formal definition of PT tax resident. Days actually present in ... Read More
New Resident: Tax Question by Embee
Hello I plan to move to Lisbon this month and become a resident with the intention to retire. I will rent medium/long term initially until I buy a suitable property. This will hopefully lock-in my rights under the EU/UK Withdrawal Agreement. ...
Hello Alan Thank you for your further comments. Very crucial points but all very crucial & important in the context of tax planning. It would be a shame to not use and lose the opportunity of the PT NHR so I will look very closely at this. ... Read More
New Resident: Tax Question by Embee
Hello I plan to move to Lisbon this month and become a resident with the intention to retire. I will rent medium/long term initially until I buy a suitable property. This will hopefully lock-in my rights under the EU/UK Withdrawal Agreement. ...
Hello Alan Thank you for taking the time to do such a detailed response with a variety of suggestions. Probably something I should have added is that although my intention is to buy, initially I will also be spending a lot of time in the UK ... Read More
New Resident: Tax Question by Embee
Hello I plan to move to Lisbon this month and become a resident with the intention to retire. I will rent medium/long term initially until I buy a suitable property. This will hopefully lock-in my rights under the EU/UK Withdrawal Agreement. ...
Hello rbellia Thank you for your feedback. I will certainly consider setting up for NHR to take account of any tax concessions that could apply. When you say "we all pay double taxes" do you mean you are taxed on income in your country ... Read More
New Resident: Tax Question
Hello I plan to move to Lisbon this month and become a resident with the intention to retire. I will rent medium/long term initially until I buy a suitable property. This will hopefully lock-in my rights under the EU/UK Withdrawal Agreement. ... Read More