[ Offshore Tax ] Portugal tax resident with a Foreign Trust

[ Offshore Tax ] Portugal tax resident with a Foreign Trust
Find out about taxes in Portugal with Foreign trust for expats!


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next question john is asking uh distributions from revocable trust considered pension income by the Portuguese tax authorities I'm specifically interested in investments which have not grown so this is not a cap gains question but I'm concerned that Portugal does not recognize the trust structure which it doesn't no civil law country recognizes trust there are some exceptions but generally no and could therefore consider this a distribution from pension so it's revocable and it's yeah so uh augusta correct me if I'm wrong but the tax authority will just see straight through the trust it does not exist and whatever the character of the income that you're going to receive if it is being received from a pension as you say it'll just be treated as pension income and the Portugal tax authority will be blind to the fact that it passes through a trust am i correct in seeing that modesto well to be honest


i don't know because it also depends uh of the position of the person in terms of the trust or if it it was the settler or not this is something that needs to be evaluated in detail because the rules may be different if it was the settler or not okay gotcha all right


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