rest assured that you will not be paying tax again on your foreign source income, this is just declared for that purpose. Obviously that in this case, although there is a possibility to be taxed under the same rules as a resident, as this is no longer your primary residence, the gains cannot be rolled over if you reinvest into another property. So in this particular situation, it’s strongly advisable to
sell while you are resident and make the reinvestment prior to Brexit. Please consider that the tax saving can be substantial, and it may compensate to sell the property at a lower price. Please feel free to send us the questions you may have to helpdesk@allfinance.pt. We will select some of these to be published.
DRONE PHOTOGRAPHY AND 4K VIDEO
HIGH RESOLUTION PHOTOGRAPHY AND 4K VIDEO T: +351 961 700 200 E: RICHIBASS@HOTMAIL.CO.UK October 2020
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