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The Portugal Move

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  • 20-01-2024 2:43pm
    #1
    paul7g
    Registered Users Posts: 266 ✭✭


    Hi there,


    I’m hearing of more and more people moving to Portugal for 2 reasons:


    1. Lower income tax (especially if you have a tech business)
    2. Zero CGT if you exit and are in Portugal for a number of years


    I’m also hearing such mixed opinions on what is required to avail of the above… some people say it is 5 years in Portugal, others say 3 years… and as of today, I have heard it is now 1 year.


    I’m not sure if I would ever really consider this, but I would like to know the facts.


    Any advice would be greatly appreciated, thank you.



Comments

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    #2
    adrianw
    Registered Users Posts: 236 ✭✭adrianw


    There is anti avoidance legislation that says if you are non resident for tax purposes for less than 5 years, Irish CGT will be deemed to apply in the year of departure.



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    #3
    Mick Tator
    Registered Users Posts: 654 ✭✭✭Mick Tator


    You've missed the boat. Deadline date for the 'interesting' advantages has passed. The locals were getting fed up with the new influx driving up property prices .

    Antway, the language is a b#gger to learn (far more difficult than e.g. Spanish) and who would want to live in an overpriced 'hacienda' on a golfcourse in a place like a sunny Ballinskelligs?



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