Taxation and Succession

New Road Tax

06 Jan 2008 in Taxation and Succession

New road tax rules start on 1-1-2008 OWNERS OF vehicles with Portuguese plates must take note of the first registration date of their car as that is when they will need to purchase their Imposto Único de Circulação (IUC), the national road tax, formerly known as Imposto Municipal Sobre Veículos, following new rules introduced this month.

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Tax retuns (IRS) 2007

27 Dec 2007 in Taxation and Succession

With 2007 drawing quickly to a close, it is time to think about tidying up your tax affairs before the year ends. The following is a checklist of things to consider before we enter into a new tax year.

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Calculation C.G.T.

27 Oct 2007 in Taxation and Succession

Gapital gains tax This is an article explaining the capital gains tax consequences of selling property that is in an offshore company. The Situation Options one and two Option three and the conclusion

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English inheritance tax

23 Jun 2007 in Taxation and Succession

UK inheritance tax (IHT) is a worrying matter for more and more Britons as they fall liable to this damaging tax. You don’t have to be a UK resident to be a victim. Expatriates living in Portugal may also be subject to IHT, although many may not realise this.

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Off-Shore Bank accounts

13 Jun 2007 in Taxation and Succession

UNTIL RECENTLY, you could bank on banking secrecy. You knew that if you opened an offshore account in the Channel Islands or Isle of Man, no one could find out about it unless you authorised it. Financial confidentiality was alive and well. Over just a few short years the situation has, however, changed dramatically.

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Tax Amnesty for British off-shore account

13 May 2007 in Taxation and Succession

THE UK Revenue and Customs announced an unprecedented amnesty for hundreds of thousands of British tax residents with assets offshore, including holiday homes, property companies and bank accounts, in an attempt to recover billions of pounds in unpaid tax.

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Tax Amnesty for British off-shore account

13 May 2007 in Taxation and Succession

THE UK Revenue and Customs announced an unprecedented amnesty for hundreds of thousands of British tax residents with assets offshore, including holiday homes, property companies and bank accounts, in an attempt to recover billions of pounds in unpaid tax.

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ReAct Discretionary Trust

17 Feb 2007 in Taxation and Succession

There is a lot to think about when moving to Portugal. It’s hard enough moving to a different place in your home country, but relocating abroad often involves extra matters to be organised and is simpler to put some on the back burner for a time when life has settled down.

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Tax on Expatriates

09 Dec 2006 in Taxation and Succession

Thousands of British people, who have moved or retired abroad, could be chased for tax going back six years following a recent court ruling. The landmark decision changed the way the Inland Revenue & Customs calculates whether you are deemed to be resident in Britain and therefore whether you must pay UK tax on your worldwide income and gains.

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