If you're thinking about moving to Portugal or getting residency there, you've probably heard of the D7 visa and the Portugal Golden Visa. D7, also known as passive income visa, is aimed mostly at retirees and persons who rely on their own passive income and desire to reside in Portugal full-time. Portugal Golden Visa, on the other hand, is an investment-based road to residency that does not need you to live in Portugal for the majority of the year.

If you have sold or are thinking of selling your home, learn how to minimize capital gains payments and how to declare them in your IRS. Although the general rule is exemption from capital gains taxation, if there is an investment in a new home, there are exceptions and ways to minimize the payment of capital gains. Get to know them and remember that their payment does not occur only after the sale of a property, according to Caixa Geral de Depósitos.

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.

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.