Tax advice

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Tax advice


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Old 7th February 2020, 07:26 AM
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Default Tax advice

Hello

I'm looking for help/guidance.
I plan to buy a house in Portugal. I wont be living there permanently; I should be in the country less than 183 days a year, I will only using the house when I visit Portugal. I will be working but outside of Portugal. I wont have any Portuguese income. I have Portuguese residence and a Tax Number.
What, if any, taxes will I have to pay?
I find the different guides I have read confusing as I cant find anything that relates to owning a house in Portugal but only using it part of the year and, not having income in Portugal.
Thanks

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Old 7th February 2020, 11:54 AM
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You'll have to pay property tax IMI annually.
As resident you pay taxes on your worldwide income, that can be rent, dividends, interest from saving account, inheritance, profits from sale (CGT).

IF you want best advice, see accountant.

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Old 9th February 2020, 02:33 PM
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Quote:
Originally Posted by sauld View Post
Hello

I'm looking for help/guidance.
I plan to buy a house in Portugal. I wont be living there permanently; I should be in the country less than 183 days a year, I will only using the house when I visit Portugal. I will be working but outside of Portugal. I wont have any Portuguese income. I have Portuguese residence and a Tax Number.
What, if any, taxes will I have to pay?
I find the different guides I have read confusing as I cant find anything that relates to owning a house in Portugal but only using it part of the year and, not having income in Portugal.
Thanks
You post doesn't make sense. You say
I wont be living there permanently; BUT ALSO I have Portuguese residence.
The very simplistic way of looking at this is whereever you have tax residency is where you pay tax and you say that is Portugal.
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Old 12th February 2020, 07:55 PM
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Quote:
Originally Posted by Strontium View Post
You post doesn't make sense. You say
I wont be living there permanently; BUT ALSO I have Portuguese residence.
The very simplistic way of looking at this is whereever you have tax residency is where you pay tax and you say that is Portugal.
Two ways to qualify as a tax resident in Portugal. First is to spend 183 days or more a year there. Second is to own or lease a place that is obviously your primary residence. This allows those who intend to live in Portugal full-time to become a tax resident before the 183 days passes.

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Old 14th February 2020, 01:24 PM
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An individual is deemed to be resident in Portugal for tax purposes if one meets either of the following conditions:

Spends more than 183 days, consecutive or not, in Portugal in any 12-month period starting or ending in the fiscal year concerned.

Regardless of spending less than 183 days in Portugal, maintains a residence (i.e. a habitual residence) in Portugal during any day of the period referred above.
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