Questions advisers must ask before clients move to Portugal
By Kirsten Hastings, 2 Aug 17
UK advisers with clients looking to move to Portugal and make the most of tax-efficient opportunities but avoid costly mistakes need to consider seven key questions, according to international wealth and tax management firm Blevins Franks.
A potentially costly mistake is assuming that something that was tax-efficient in the UK is the same in Portugal.
Isas, for example, lose their tax-free status once the holder is no longer UK resident and the interest may attract Portuguese tax.
It is crucial to take a fresh look at financial planning and investment management plans to make sure they are suitably diversified and everything is set up in the best way for the client’s new circumstances.
Tags: Blevins Franks | Currency | Investment Strategy | Portugal
