The walls continue to close in on Offshore property holding companies in Portugal. Once a popular solution for home ownership, these structures are based in low-tax jurisdictions that allow shareholders to take advantage of certain “loopholes” to avoid paying Capital Gains tax when selling.
Over the past 15 years, successive changes in legislation in Portugal have gradually tarnished the glow of these elusive structures.
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Earthquake risk study reveals dark scenario PRELIMINARY RESULTS from a study assessing earthquake and tsunami risks in the Algarve have revealed that a tremor like the one experienced in 1755 could lead to around 3,000 fatalities and make 27,000 people homeless in the region (See The Resident, September 7, 2007).
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EDITORIAL: NIKI PATEL nikisha.patel@scottishwidows.co.uk
Having looked at the inheritance tax treatment when a discretionary trust is created and when capital appointments are made, moving another step on, I now focus on the tenth year anniversary charge known as the ‘periodic charge.’
DISCRETIONARY TRUSTS TEN YEARS ON…
WHAT IS A PERIODIC CHARGE AND WHEN DOES ONE ARISE?
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I.M.I. / Rates / O.Z.B. over 2017
Today the 30th. of April 2018 is the last day to pay the IMI / Rates related to 2018.
What happens if you do not pay in time (that is before 24:00 p.m. today)
You will start paying interest for late payment. Every year the Government decides which percentage will apply.
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Welcome to our 5th Definitive Guide to Rural Fire Protection and Land Cleaning. This special edition marks Civil Protection Day 1st March.
Providing a safe environment is important to our quality of life here in Portugal. Fires in rural areas pose a risk to communities including: ourselves, our families, friends, animals and properties.
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International company structures established in decades gone by to help wealthy owners of property in Spain avoid tax are now a ticking time-bomb for some, as the Spanish tax authorities set their sights on them.
“International company structures, with some owned by double or triple vehicles involving a Spanish company belonging to a foreign company and, in many cases, a Trust on top, were the arrangement of choice recommended by leading international tax advisory firms to wealthy investors from the 70s to the 2000s,” explains Fernando Del Canto.
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The social security ( segurança social or caixa) system in Portugal is administered by the state and, in principle, applies to all individuals working in Portugal, either as employees or self-employed.
It provides benefits for health care, sickness, retirement, disability, death and old age, maternity, paternity and adoption. Both employers and employees must register and make contributions.
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The social security ( segurança social or caixa) system in Portugal is administered by the state and, in principle, applies to all individuals working in Portugal, either as employees or self-employed.
It provides benefits for health care, sickness, retirement, disability, death and old age, maternity, paternity and adoption. Both employers and employees must register and make contributions.
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Moving to Portugal and getting Residencia The rules about residency apply to you depend on your nationality. The rules for Citizens of European Union countries tend to be less restrictive as these countries are trying to encourage the mobility of the workforce and all apply similar rules.
Citizens of European Union Countries Residency law changed in Portugal in 2006.
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