Tax Implications of Moving to Portugal

Moving abroad is something that many Britons yearn to do, and Portugal is a very popular destination for many of them.

Yet how much do you know about the tax implications of moving to Portugal?

There are many issues which people face when moving from the UK to Portugal. Depending on your circumstances, however, there are likely to be things that you can do to minimise the problems, and you may even find that you can reduce your tax liability by moving to Portugal!

You should always take advice when looking to purchase property in and/or moving to any country, and in particular Portugal, where many of the taxes sound the same but are calculated completely differently to similar taxes in the UK - for example, what is tax-free in the UK is not tax-free in Portugal. An adviser with a good understanding of both jurisdictions can help you understand the tax implications of your move and work out how to make your money work for you, protecting it against foreign taxes, and how to make the most of the opportunities available.