Insights into what is involved in buying, selling & living in Portugal

English inheritance tax

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. The thought of having to pay 40% tax on the value of your wealth over the UK tax-free allowance of £300,000 can be distressing, and even more so for unenlightened beneficiaries suddenly landed with a huge tax bill which they may struggle to pay. Read more →