IMPORTANT – PLEASE READ REGARDING THIS CHANNEL
The content on this channel is for educational and information purposes only. It should not be relied on as advice, and you should always take qualified advice before making any changes to your personal position.
Whilst I have experience in the financial and tax industry, this channel is for recreational purposes and is not an advertisement for my business or services. Its purpose is to share quality information.
Whilst every care is taken as to the accuracy of the information in these videos, the information provided is based on the understanding of the rules at the time, and rules can change with little or no notice.
Whilst I cover a wide range of issues on the channel, in my professional role I specialise in tax efficient investments, UK and overseas pensions, estate planning, and wealth management for expatriates based in Portugal. Unfortunately, I do not offer visa or tax return services, nor can I assist US nationals.
*Thank you for your support and understanding. I hope to continue to provide you with valuable information to help you with your life in Portugal. If you have any suggestions for content you would like to hear, please let me know*
This videos look at the key aspects of the moving to Portugal process, from tax residency to property tax issues.
Contents below
00:38 Where do I pay tax? Including UK/Portugal double taxation treaty issues, and IHT - 00:38
04:54 Am I tax resident in Portugal? 04:54
06:48 How do I know if I’m still UK tax resident? 06:48
09:20 When and how do you complete a Portuguese tax return? 09:20
12:13 What is Non Habitual Residence and can you apply? 12:13
14:40 What are the standard tax rates? Standard tax rates table below 14:40
16:12 Where do I pay tax and social security if I am still working? Employed and self employed explanations 16:12
21:39 How is bank interest taxed? 21:39
22:20 How is pension income taxed? State, government and private pension schemes 22:20
27:20 How is investment income taxed? 27:20
29:49 What is the capital gains tax rate in Portugal? 29:49
31:08 How are trusts taxed? 31:08
31:49 How is rental income taxed? 31:49
33:20 What rate of tax do I pay when selling a Portuguese property? 33:20
35:02 Are there reliefs that apply on sale of Portuguese property? 35:02
35:42 What rate of tax do I pay when selling UK property? 35:42
37:29 How can I save tax efficiently in Portugal? 37:29
38:42 What tax do I pay on death? Is there inheritance tax? 38:42
39:16 What tax do I pay on gifts? 39:16
39:38 Do I pay any tax bringing money into Portugal? 39:38
40:08 Are exit taxes charged when leaving Portugal? 40:08
40:36 Do I need a Will in Portugal? 40:36
43:09 What taxes do I pay when buying a property? 43:09
Standard Portuguese tax rates table
Taxable income
0-7703 13.25%
7703-11623 18%
11623-16472 23%
16472-21321 26%
21321-27146 32.75%
27146-39791 37%
39791-51997 43.50%
51997-81199 45%
81199+ 48%
