What you need to know about the new rules introduced by the Portuguese State Budget for 2023! If you live in Portugal and own Portuguese property or other assets, you may face capital gains tax in Portugal and the UK, depending on your Portugal residency status. When it comes to taxation in Portugal, it seems a bit complicated at first, but if you have the right people handling it, there is no problem. Portugal is an excellent country to buy a property or invest in the real estate market, with attractive returns on investment and many desirable locations on offer to choose from.

The Council of Ministers has approved a decree-law that ends golden visas in the coastal regions and metropolitan areas of Lisbon and Porto, which will come into force in July 2021, with a transitional period.

A new law which will reduce income tax rates for single persons with property to rent, creating tax breaks for those wanting to build housing to rent out at affordable rents, has been passed by the President of the Portuguese Republic.

Portugal has been ranked as the best place in Europe, and the fourth in the world, for retirees. According to the 2022 Annual Global Retirement Index from International Living, Portugal once again has been highlighted as a top destination for people from around the world to retire to.

They will help you saving time and money on all your currency transactions. There are numerous situations where you need to make a payment in another currency; A property purchase; An owner with regular bills to pay; Come regularly on holiday to the Algarve... GCPartners is HMRC and FSA regulated and authorized.