[ Offshore Tax ] American in the UK wants to PT. Taxes

[ Offshore Tax ] American in the UK wants to Move to Portugal Taxes?
things you might wanna know about taxes in Portugal if you are an American in the UK that want to move to Portugal.


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DERREN JOSEPH:


I'm a US citizen with UK employment. If my company relocates me to work from Portugal, would my income tax be lower or higher than in the US if I earn more than 100k euros? At what income tax bracket would I be liable for paying dual tax in the US and are there any other taxes I'll have to pay as an employee in Portugal such as social security health care, surcharge, capital gains tax, crypto tax, etc. And three if I'm a spouse on a D7 visa, I'm not allowed to work for a foreign company, USA-UK as an employee or an independent contractor? If so would my tax bill...okay this is a lot and i appreciate you providing a lot of details but i think this may be a little bit beyond the scope of what we're trying to do here. But generally speaking, so when you say if your company moves you to relocate, are you in Portugal now? So if it is that you are not in Portugal and you're in the UK because you're a US citizen with UK employment, I'm assuming that UK employment is being exercised in the UK. Now if it is you decide to come to work in Portugal with your income tax be higher or lower? We need to run a calculation because there are three jurisdictions in play, the US, the UK, and potentially Portugal. They all it's not just about the headline tax rate they're also deductions to reduce your taxable income there you know and various classes of income over characters of incomes, for example, capital gains versus ordinary income versus investment income they're taxed in different ways in the different jurisdictions so someone will need to run a scenario and we can help you with that if you reach out to me via email and we can perhaps uh take that further because a scenario need to be run where we calculate what the impact of any move would be so uh because each you have a lot going on you have a comprehensive portfolio which is good for you but I don't think anybody could do it justice in the time that we have here so I'm sorry but yes we can handle this but we need to handle this separately thanks for your patience.


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