A move abroad can be a great life experience. Indeed, people often consider moving overseas for a warmer climate, great cuisine, and a change in lifestyle. However, a favourable tax regime can also influence their decision.
Until last year, Portugal was a popular choice for those relocating from Ireland overseas. However, changes to the Portuguese Non-Habitual Residence (NHR) tax regime have made many wonder if other countries offer a similar regime.
Often, our clients speak to us about retiring overseas or a post-business sale relocation. And so, in response, we have compiled a report that examines the tax regimes in eight countries that we are commonly asked about (click on each country to find out more):
For each country, we address the following key questions:
Is there a special tax regime in place for those relocating to that specific country?
Do other taxes apply on capital, such as wealth tax; gift and inheritance tax; and real estate transfer tax, transfer duty and property tax?
How are private pensions taxed there?
These are just some of the considerations when contemplating a move overseas. It is essential to plan ahead and obtain local tax advice too. To find out more about a possible relocation overseas, and how we work with our clients to achieve their desired wealth objectives, click on the button below to read the full report.