Do you want to become a millionaire? It IS possible… A majority of people are giving savings and investments a higher priority since the global economic recession. The million-dollar milestone is still a dream for most people when it comes to monetary savings.
Read up to date financial information, including details about the ECB and quantitive easing, UK election uncertainty, Greece worries resurfacing and an inflation update.
The Private Fund Management
Avenida Jose dos Santos Farias, Loja 1, 8135-167, Almancil
T: +351 289 392 484
E: info@privatefund.management
W: www.privatefund.management
The Portuguese Government has changed the country´s tax law and with effect from 1st January of this year, the Portuguese tax authorities recognise Trusts in all tax jurisdictions. The consequence of this is that anyone who has a Trust will suffer tax liabilities in Portugal for the very first time.
The tax rate applicable is set at 28%. This will affect many individuals and families, including individuals that have successfully gained the Non-Habitual Residency scheme.
The Blevins Franks Guide to Living in Portugal is the definitive guide to the tax and wealth management issues for expatriates living here.
Now in its 5th edition, this 180-page book examines the key financial issues for a UK national planning to move to Portugal, already living in Portugal or considering returning to the UK. It is an excellent guide for those who wish to ensure that their finances are properly structured to avoid unnecessary taxation.
Read about The Battle to keep the Winter Fuel Payment - The Manipulation of Facts & Statistics by the Department for Work & Pensions.
CLICK HERE to read.
Read up to date details about the Falling Oil price, Deflation in Europe, China's faltering economic growth and Russia's currency crisis in this months Market Insight from Private Fund Management in Almancil.
CLICK HERE to read the December 2014 Market Insight.
Even if you are resident in Portugal, British expatriates need to keep up to date with UK taxation as it may continue to affect you. Here is a summary of some of the key points of the December Autumn Statement.
If you own property in the UK, then the capital gains tax charge on residential property owned by non-residents will be of particular interest.
An insight to the Autumn Tax Budget by Private Fund Management, including UK Personal Tax Allowances up, Devolvement of certain taxes to Northern Ireland, Wales and Scotland, 'Google' Tax announced, ISA's to remain Tax Free after death, Banks hit with £4bn extra tax bill, Higher Tax band to be raised, UK Borrowing Forecasts revised, and Stamp Duty rates revised.
