Your domicile status and liability to UK inheritance tax
One of the most financially damaging taxes facing wealthier British families is UK inheritance tax. Living in Portugal does not automatically protect you from inheritance tax since liability does not
|| IRS 2014 Procedures nº 2 – HOW, WHEN AND WHERE TO FILE
In the “good old days”, many were exempt from submitting IRS tax forms. However, the law changed some time ago and now the overwhelming majority of foreign residents must declare.
HSBC have failed advising the difference between tax avoidance and tax evasion to their clients
This theme has been played out and debated over centuries. Two thousand years ago Jesus was reported to have said “Give back to Caesar what is Caesar’s and to God
IRS 2014 – Procedures nº 3 – NON-RESIDENTS AND FILING REQUIREMENTS
Non-residents are taxable on income and gains within Portugal. When the paying entities are resident or assets located within or services performed in Portugal, then the following examples of income
Offshore tax evasion in the headlines
The issue of using offshore bank accounts to hide funds and income from the taxman has been back in the headlines, particularly in the UK. It is another example of
Offshore is dead; long live onshore
On Monday, February 9, the Guardian, the BBC, Le Monde and 50 other media outlets revealed that HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of
Your pension options from April
It is not long now before the new pension rules come into effect on April 6, 2015. Deciding what to do with your pension savings is likely to be one
Do you pay more tax than necessary? Will your heirs?
Tax planning is a fundamental part of protecting and maximising your wealth. Yet so many people do not review their tax planning often enough, or do not have all the
Interest rates to remain low in 2015
There was much discussion last year as to when, rather than if, the UK interest rate would rise in 2015. After six years of just 0.5%, even a small increase
Big changes for expatriates in Portugal
Portugal’s 2015 Budget and rewritten income tax law were both signed into law by the President on December 31, 2014. So what do they have in store for expatriates living