Portugal UK double tax treaty
June 23, 2022
The Income Tax convention between Portugal and the UK entered into force on 17 January 1969.
It has been effective in Portugal since 01 January 1970 and in the UK since 01 April 1970 for Corporation Tax.
According to the UK-Portugal double tax treaty, the immovable property gains are taxed in the country where the property is placed.
Capital gains on shares are only levied in the state of residence, meaning that the gains on UK shares are not exempted in Portugal.
Companies, retirees and property investors look to come to Portugal from the UK for a better lifestyle and tax advantages.
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