EUR weekly update
For the second week the euro was on average flat against the other dozen most actively-traded currencies. It was unchanged against the US and Canadian dollars, the Japanese yen and
Enjoy 10 years of tax-free pensions in Portugal
Many Britons have discovered that the Algarve is a fantastic place to retire. It is not just about sun, sea and golf. Portugal has actively encouraged new arrivals by offering
Various UK reforms on hold, including domicile changes
Changes to the UK domicile regime have unexpectedly been put on hold in the lead up to the snap General Election in June. Other reforms also got the axe, though
No flexible access for Gibraltar QROPS
On April 6, many new regulations for QROPS came into effect. These changes were made to make the taxation of foreign pensions more in line with UK pensions. Any QROPS
Capital gains tax in Portugal – How does it affect you?
We all want our assets to increase in value, but how much tax will you have to pay on the gain when you come to sell your property or investments?
An ominous letter from the Tax Office
As a resident foreigner, you may receive letters from the Tax Office (Autoridade Tributária). Just as happens with many Portuguese citizens, you will be baffled by the encrypted content, written
Recovering debt through the attachment of bank accounts in the EU
It is now simpler to recover debts through the attachment of cross-border bank accounts. In cross-border proceedings of civil and commercial nature, debtors’ bank accounts in another European Union country
Are your funds suitable for you?
There are thousands of investment funds available to invest in. Besides the traditional ones that invest in equities, bonds and real assets, you may have seen funds advertised that sound
Take steps to future-proof your legacy
You may have put a lot of thought into your financial planning to make sure you have enough for the retirement you want in the Algarve. Have you given the
|| IRS 2016 – Taxation of Income nº6: Holiday lets as a business (Category B)
Income is reported in different categories: A) Salaries B) Sole traders E) Capital F) Property G) Capital Gains H) Pensions – and is taxable in Portugal regardless of its origin.