Thank you for such a well thought out article. I agree completely! Not sure how this is going to help the housing crisis or their economy. It is obviously a band aid to appease people. I am also trying to find out how my taxes will be impacted. I was planning on moving with a D7 visa from California ( with my two dogs) but I have to reth…
Thank you for such a well thought out article. I agree completely! Not sure how this is going to help the housing crisis or their economy. It is obviously a band aid to appease people. I am also trying to find out how my taxes will be impacted. I was planning on moving with a D7 visa from California ( with my two dogs) but I have to rethink it now. The change in NHR certainly opens up the scope of my move and I can explore other countries but I would still like to know exactly how my taxes will be impacted before I jump ship. I have not been able to get a response or they want a lot of money for a consult ( which could also be a gamble). Does anyone have any tax referrals who may be able to help me with this?
Kaushal, thanks for your comment. Everyone's tax situation is different. Coming from Arizona, a low-tax state, we were surprised that we owed a significant larger amount in Portugal even with NHR. Coming from California, you may feel differently. There are Portuguese accountants who you can consult with. I would also suggest consulting with your own US tax preparer as well before you make a decision. - CW
Thank you for such a well thought out article. I agree completely! Not sure how this is going to help the housing crisis or their economy. It is obviously a band aid to appease people. I am also trying to find out how my taxes will be impacted. I was planning on moving with a D7 visa from California ( with my two dogs) but I have to rethink it now. The change in NHR certainly opens up the scope of my move and I can explore other countries but I would still like to know exactly how my taxes will be impacted before I jump ship. I have not been able to get a response or they want a lot of money for a consult ( which could also be a gamble). Does anyone have any tax referrals who may be able to help me with this?
Kaushal, thanks for your comment. Everyone's tax situation is different. Coming from Arizona, a low-tax state, we were surprised that we owed a significant larger amount in Portugal even with NHR. Coming from California, you may feel differently. There are Portuguese accountants who you can consult with. I would also suggest consulting with your own US tax preparer as well before you make a decision. - CW