Market Report

By Gavin Scott None of us like to think about the day we will shuffle off this mortal coil, or how our loved ones will cope after we have gone.

By Gavin Scott As tax authorities everywhere look to increase tax revenue, rental income is coming under closer scrutiny. If you rent out property, whether in Portugal, the UK or

By Gavin Scott There have been a number of recent victories for the United States in its tax battle against Switzerland. The Alpine state has signed up to FATCA, Swiss

By Gavin Scott We have been talking about the global crackdown on tax evasion and undisclosed offshore assets for years, but this year has seen significant developments. Global leaders are

By Gavin Scott Banking secrecy was considered set in stone for so long, but the tide has turned.  2013 has seen unprecedented political support for automatic exchange of information, including here

By Gavin Scott Over the summer months many people put off dealing with matters like their financial planning. They were busy enjoying all the Algarve has to offer in summer,

By Gavin Scott We are lucky here in Portugal compared to some other European countries, since the local inheritance tax regime is relatively benign. However, many British expatriates remain liable

By Gavin Scott Jersey is to drop the withholding tax (“retention tax”) option under the EU Savings Tax Directive. It will be mandatory for financial institutions to automatically exchange information

EU finance ministers have agreed new European “bail-in” rules which will force bank losses onto investors and depositors with over €100,000 in the event a bank fails. In other words,