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
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
The UK Budget: how does it affect you? || Part 1
The UK Chancellor of the Exchequer, George Osborne, delivered his Budget to Parliament on March 19. By far the biggest surprise was the announcement of a complete overhaul to the
The end of financial privacy
Over the last 15 years we have reported on a number of new initiatives to clamp down on offshore tax evasion, each one whittling away at financial privacy as we
HMRC are back … to a pension pot near you
Just when you thought it might be safe…. the Lifetime Allowance will drop from £1.5m to £1.25m in April of this year. Not a problem, I hear you cry …
The importance of tax residency – don’t risk an unexpected tax bill
A recent tax residency court case involving a couple living in Portugal and my recent article on the subject, A Tale of Two Leavers, have generated quite a bit of