Good estate planning for expatriates in Portugal means considering local succession law, taxes, how your legacy will be used – and your own needs.
The new main home residential nil rate band for inheritance tax starts in April 2017. Will your family receive a £1 million tax free allowance?
Expatriates who know where they stand with French taxes could limit exposure to unnecessary taxation, take advantage of available opportunities and avoid nasty surprises at the end of the year.
You need to review your tax planning from time to time, to check that it is up to date with tax reforms and that you’re using all the available opportunities to reduce your tax liabilities.
Proposed new domicile rules may affect Britons leaving the UK or returning after living abroad and could potentially undo previous inheritance tax planning for expatriates.