We are new here but already posted a question... we are on a roll!
We are completing our Residency before the Brexit deadline and as such will also be included in the NHR Tax Regime, I have a lot of questions regarding this but lets start with a couple here 🙂
1. I have read a statement that Portuguese Taxation starts at 20%, but is there a personal allowance in the same way that there is in the UK before this kicks in?
2. We have investments in ISA's in the UK, what is the tax treatment around those, are we able to maintain them or will there be some kind of penalty for entering the NHR regime?
3. As part of the SIPP rules in the UK, we will be able to take 25% of our pension tax free when we hit the ripe old age of 55 (we aren't far from it....), does this still stand true within the NHR regime?
Fully expecting the answer to all the above questions to be.... "Get yourself a tax lawyer!" which we will do once settled but wanted to get the heads up from the local experts before we arrive in Portugal.
Thank you in advance!