CGT – Check-up
WHEN YOU buy or sell a property in Portugal, the notary who performs the deed is required to report the transaction to the Revenue. Stated more bluntly, if you don’t
The better way to hold property in Portugal
ALTHOUGH INFREQUENTLY used in recent years, Nominee Companies have existed in Portuguese statute law since the 19th century and have been embraced in subsequent legislative reforms over the past 150
Watch out, the taxman’s about
TAXES ARE a fact of life. Nobody enjoys paying them, but the fact is, we have to accept that we need to fund the infrastructure and other benefits provided by
Portugal could be as rich as Finland if it cut corruption
IF GOVERNMENT and public corruption were seriously tackled in Portugal, the country would be three times richer than it is today. Portugal presently ranks as the poorest of the original
UK taxman hunts offshore assets
HER MAJESTY’S Revenue & Customs – HMRC are the new initials for the Inland Revenue – appear to believe that there are tens of thousands of UK taxpayers who have
Weathering the global currency turmoil
AS I write this under a cloudy sky in London – a city nervous due to a nagging terrorism threat – you are reading this in Portugal and Southern Europe
Beware… thieves about
INVESTORS TODAY run a higher risk of losing their savings through investment scams and dishonest or unreliable schemes than ever before. These operations are becoming increasingly sophisticated and the perpetrators
Once upon a time it only happened to other people
UK inheritance tax: now it’s happening to YOU! WHEREAS INCOME tax and capital gains tax are immediate issues and, therefore, often considered on a regular basis, inheritance tax (IHT) is
Get to know the adversary
First: empathy with the adversary (know the enemy) On October 27, 1962, at the height of the Cuban missile crisis, Kennedy received two consecutive messages from Kruschev, one after the
Consequences for residents in Portugal
THE DIRECTIVE states that its objectives are best met by the ‘automatic exchange of information’. This means that details of the savings income of individuals are sent to the tax