Property in Spain or Portugal

Property in Spain or Portugal

Author
Discussion

CharlesdeGaulle

26,267 posts

180 months

Thursday 25th July 2019
quotequote all
The potentially advantageous tax position in Portugal is clearly an appeal for some, but any current tax regime is a dangerous basis on which to plan a move overseas, n'est pas?

Obviously you'd maximise any advantage that existed having done it, but I think the other elements of the lifestyle are probably the best driver. Or am I simply being naïve? smile

Sarnie

8,045 posts

209 months

Thursday 25th July 2019
quotequote all
CharlesdeGaulle said:
The potentially advantageous tax position in Portugal is clearly an appeal for some, but any current tax regime is a dangerous basis on which to plan a move overseas, n'est pas?

Obviously you'd maximise any advantage that existed having done it, but I think the other elements of the lifestyle are probably the best driver. Or am I simply being naïve? smile
Win win to me....................now, how do I convince Mrs Sarnie!?!? whistle

JulianPH

9,917 posts

114 months

Thursday 25th July 2019
quotequote all
Sarnie said:
JulianPH said:
So dividends, for example, can be taxed within the UK. But if you have tax residence in Portugal then these can be paid there with no tax whatsoever due to either country.

You can have 10 years of this before paying any tax in Portugal.
I'd imagine a lot of ears have just pricked upwards.................
Sim! Boa tarde e muito obrigada! wink

I have more than one tax plans...!!!

hehe

Oilchange

8,462 posts

260 months

Thursday 25th July 2019
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Muito obrigado. With an ‘o’ as you’re a bloke!

JulianPH

9,917 posts

114 months

Thursday 25th July 2019
quotequote all
Oilchange said:
Muito obrigado. With an ‘o’ as you’re a bloke!
Correct! I was taught to change the O and A depending upon who I was addressing.

I then found out this was wrong, whilst all my Portuguese friends insisted it was not!

In speaking I just swallow it, so it becomes a quick "obori-gard" (with a swallowed "d" and without the O or A This seems to work a treat, but not in writing! smile

It is a strange and difficult language, a bra being masculine and boxer shorts being feminine!

And they only apply this for the numbers 1 and 2 and certain objects!

Um cupo de agua VS uma de garrafa de agua (sem gas/com gas) as a loose example!

I am very rusty though! smile



Oilchange

8,462 posts

260 months

Thursday 25th July 2019
quotequote all
JulianPH said:
Correct! I was taught to change the O and A depending upon who I was addressing.

I then found out this was wrong, whilst all my Portuguese friends insisted it was not!

In speaking I just swallow it, so it becomes a quick "obori-gard" (with a swallowed "d" and without the O or A This seems to work a treat, but not in writing! smile

It is a strange and difficult language, a bra being masculine and boxer shorts being feminine!

And they only apply this for the numbers 1 and 2 and certain objects!

Um cupo de agua VS uma de garrafa de agua (sem gas/com gas) as a loose example!

I am very rusty though! smile
Yeah, difficult language to master and I’m half Portuguese!
The key, often, is to look at the last letter, for example um copo (masc) and uma garrafa (fem) but as thankyou goes, a bloke will always say obrigado and a girl will always say obrigada.
I’m getting back into it thanks to a small contingent of Portuguese chaps at work who I have to concentrate hard to keep up with...


They have been teaching me such useful phrases as:
Essa gaja tem um bom rabo

which I think will get used rather a lot

As bras go, though, blokes can always wear them on their heads?




Edited by Oilchange on Thursday 25th July 18:32

JulianPH

9,917 posts

114 months

Thursday 25th July 2019
quotequote all
Oilchange said:
Yeah, difficult language to master and I’m half Portuguese!
The key, often, is to look at the last letter, for example um copo (masc) and uma garrafa (fem) but as thankyou goes, a bloke will always say obrigado and a girl will always say obrigada.
I’m getting back into it thanks to a small contingent of Portuguese chaps at work who I have to concentrate hard to keep up with...


They have been teaching me such useful phrases as:
Essa gaja tem um bom rabo

which I think will get used rather a lot

As bras go, though, blokes can always wear them on their heads?
I assume you are searching for the ultimate donkey with that question hehe

It is a very difficult language to learn, My wife speaks Russian, English, German, Polish and and Turkish. She just has a natural ability with languages. She gave up on Portuguese though (after 2 months).

I have schoolboy French and very basic Portuguese (I can understand everything, just not communicate it).


dingg

3,989 posts

219 months

Thursday 25th July 2019
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CharlesdeGaulle said:
The potentially advantageous tax position in Portugal is clearly an appeal for some, but any current tax regime is a dangerous basis on which to plan a move overseas, n'est pas?

Obviously you'd maximise any advantage that existed having done it, but I think the other elements of the lifestyle are probably the best driver. Or am I simply being naïve? smile
Once you establish residency gaining nhr is quite an easy step to achieve.
I've managed without issue and without exorbitant fees from an agent.
Pension drawdown tax free is a good incentive...
PLUS everything else out here that goes with it.


fellatthefirst

586 posts

155 months

Thursday 25th July 2019
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The two best days will be the day you buy it and the day you sell it. Unless you are moving out there for good that is

andy43

9,722 posts

254 months

Thursday 25th July 2019
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fellatthefirst said:
The two best days will be the day you buy it and the day you sell it. Unless you are moving out there for good that is
The two best days thing is usually used for boats - they’re just nuts.
Got our keys last October and already it’s been fantastic, had some great times. Tough going to start with, but we’re 99% there now, no regrets at all.
In fact I was discussing my thread comments this evening...

berlintaxi

8,535 posts

173 months

Sunday 28th July 2019
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fellatthefirst said:
The two best days will be the day you buy it and the day you sell it. Unless you are moving out there for good that is
Would have to disagree with that statement, having the ability to jump on a flight on impulse Friday morning for a bit of sunshine over the weekend is well worth the investment.

CharlesdeGaulle

26,267 posts

180 months

Sunday 28th July 2019
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I've done little but pore over Portuguese property websites since resurrecting this thread!

CaptainSlow

13,179 posts

212 months

Sunday 28th July 2019
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What are the taxes like on selling/ gains or death?