Portugal and taxation: Busting the myths
By , 8 Oct 15
A Portuguese tax resident can be taxed at a rate of 56.5%, but director at Blevins Franks Jason Porter unveils some of the exemptions and reliefs offered to UK expats who decide to make Portugal their home.
The combination of the non-habitual residence regime, the rules on pension income and lump sums, single life policies, and the succession and inheritance tax benefits means for UK expatriates arriving in Portugal there are considerable tax savings to be made.
This is true particularly where the move to Portugal coincides with retirement and the opportunity to take pension benefits.
Blevins Franks provides specialist financial advice across Europe through its 22 offices. In Portugal, the firm is located in Lisbon and the Algarve.
