NHR in Portugal and UK Properties portfolio?

NHR in Portugal and UK Properties portfolio?

10:13 AM, 19th November 2021, About 2 years ago 3

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I am paying tax in Portugal and have become a Portuguese resident and taken up non-habitual residency.

I have a small buy to let rental property portfolio in the UK and want to sell up the properties at some point, but am unsure of the exact rules in regards to capital gains as there are lots of confusing instructions.

Looking on the Gov.uk website and reading the excellent information here I am assuming that as a non-resident I will still have to pay CGT at a rate based on the value of the properties in 2015 when I come to sell them. Also, I did read that if you are a non-resident for over five years there is no CGT to pay.

I am also wondering about the idea of rolling my properties into a limited company and the benefits of doing so. I do understand that there will be the benefit of non-tax on dividends in Portugal if I decided to go down this route under the NHR tax regime. Can anyone help or give advice please?

Thanks in advance.


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Neil Patterson

10:17 AM, 19th November 2021, About 2 years ago

Hi Tony,

I am sorry, we can't give professional insured recommendation until we carry out full due diligence and fact finding.

We can do this for you though if you wish to book a tax consultation >> https://www.property118.com/tax/

Neil Patterson

10:20 AM, 19th November 2021, About 2 years ago

I will also see If I can get one of the team to comment 🙂


11:45 AM, 19th November 2021, About 2 years ago

As an individual there will always non-resident CGT to pay. The 5 year rule relates to temporary non-residence, and the fact that you will be charged as tax resident if you fall foul of that rule.

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