UK’s tough new penalties for offshore tax evasion
The UK government has taken another significant step forward in its war against hidden offshore bank accounts, announcing plans to make it easier to prosecute offshore evaders, with a possible
Radical changes announced to UK pensions
We tend to be glued to the TV when the Chancellor of the Exchequer delivers his Budget Speech every March, in a similar way to how we must watch the
EU agrees new Savings Tax Directive
EU member states have formally adopted the revised Savings Tax Directive. Tax Commissioner Algirdas Šemeta described this as a major step forward in the fight against tax evasion The agreement
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
UK capital gains tax charge on non-UK residents – residential property
The concept of charging UK capital gains tax on the disposal of UK residential property owned by non-UK residents was first mooted in George Osborne’s 2013 Autumn Statement. The initial
Portugal is “no longer the ugly duckling”
As ratings agency Fitch upgraded Portugal’s position to “positive” (see story HERE), political leaders have wasted no time blowing the proverbial trumpets. At a meeting organised by the Luso-Spanish Chamber
Fitch upgrades Portugal to “positive”
Ratings agency Fitch has upgraded its outlook for Portugal to “positive” and maintained the country’s credit rating at BB+. “Portugal is making good progress in reducing its budget deficit”, the
Residency and taxation planning review
Regime change introduces positive tax benefits for expats investing and Living in Portugal. In recent times significant changes have taken place with regards to tax planning opportunities available to persons
Free your pension
Finally a UK Budget of all budgets that for the first time in 90 years has put forward some ground-breaking changes to how you can draw from your private UK
The UK Budget: How does it affect you? || Part 2
Capital gains tax The capital gains tax annual allowance increased to £11,000 on April 6, 2014. The 2014 Finance Bill will introduce legislation to ensure that capital gains made by