Bill Morgan

Registered with
Monday 21st April 2014

Latest Comments

Total Number of Property118 Comments: 69

Bill Morgan

20:10 PM, 18th March 2019, About 2 years ago

Iain Duncan Smith and Andrew Neil Confirmed for Upcoming Landlord Investment Show

Yes the great Less Tax for Landlords and the Hybrid Structure.... Read More

Bill Morgan

15:04 PM, 17th March 2019, About 2 years ago

Our recon trip to Portugal for NHR tax residence purposes

If I moved to portugal would I have to tell my uk BTL mortgage lender and would they tell me to find a new lender?... Read More

Bill Morgan

16:07 PM, 10th November 2018, About 3 years ago

Bill Morgan

11:39 AM, 2nd November 2018, About 3 years ago

Why UK landlords are flocking to Portugal

Is Portugal a good place to go to to minimise inheritance tax.?

In the UK you pay 40% for anything above your allowances.

I don't really understand how a limited company minimses iht other than you can introduce new shareholders.

I don't think you have to pay any iht in Portugal so if you want to preserve your wealth for the next generation it seems like a good option.

I was looking at Portugal about 3 years ago when the pound was worth about 1.38 against the euro and portugal prices lower.The returns didn't seem that great relative to the UK so didn't pursue it.That was before s. 24.... Read More

Bill Morgan

22:59 PM, 16th October 2018, About 3 years ago

Our recon trip to Portugal for NHR tax residence purposes

Reply to the comment left by Mark Alexander at 15/10/2018 - 14:22
Hi Mark,

Your landlord friends in Portugal did they transfer their properties into a limited company in the UK and then lived off the dividends OR

Did they sell their uk properties, rebased to 2015 and paid no or very little cgt. Then I assume they can reinvest the proceeds into Portugese property.

I have been studying renting properties in Portugal and the expenses you can deduct are not very good!! They dont allow the deduction of mortgage interest at all

This money, even if it is just to ‘cover the bills’ while someone is using the property, is income derived
from the property, and therefore subject to tax in Portugal. In the hands of non-residents of Portugal
it is taxed at a flat rate of 28% with very few deductions (such as day-to-day running costs) allowed –
mortgage interest is not tax-deductible in Portugal... Read More