Expat taxation
Non Habitual Resident Regime The Portuguese Non Habitual Resident Regime (NHR) commenced September 23 2009 and was amended in 2012. It is designed to make Portugal more competitive and attract
No hurry to raise UK interest rates
As the UK economy improves and house prices rise, there has been much discussion about how soon the Bank of England will raise its base interest rate. The Bank has
UK pensions – all change
The UK government took everyone by surprise in March by announcing a series of radical changes to pensions. The measures are the most significant pension reform since 1921, and give
The expanded Simplified Regime – IRS (Category B)
The Simplified Regime, established in 2001, has had massive adherence by sole traders over the years. At the same time, it has failed miserably with companies taxed under IRC. Currently,
Is a QROPS right for me?
People tend to think of Qualifying Recognised Overseas Pension Schemes (QROPS) as stand-alone products, whereas in fact they are personal pensions (SIPPS) that are domiciled outside the UK, and meet
The UK Tax Residence Test
The UK’s Statutory Residence Test is now a year old. It was a welcome development after the old system and provides much more certainty. However, for more complicated cases it
Last chance to business recovery
The Special Revitalisation Procedure (Processo Especial de Revitalização – PER) integrates the set of strategic measures undertaken by the government for the revitalisation and restructuring of companies, and aims to
Dig your well before you are thirsty!
Are you a dedicated or accidental saver? There are in the main two types of savers: first the dedicated saver that determines a pre-set amount on a regular basis and
What next for UK inheritance tax?
The UK imposes one of the highest inheritance tax burdens in the world, and this is a tax that continues to impact UK nationals even if they have been living
IRS 2013 – Taxation of income
Income received by a resident is broken down into different categories: A) Salaries, B) Self-Employment, E) Capital, F) Property, G) Capital Gains and H) Pensions and is taxable in Portugal