UK Investments: How to be tax efficient in Portugal
If you are a UK expat in Portugal and have retained investments or savings in the UK, you need to consider how tax efficient your current strategy is. Once you become a resident of Portugal, interest and dividends can be subject to Portuguese tax. If you have NHR status (non-habitual resident) however, there are significant tax benefits. For instance, income derived from UK bank interest and dividends are taxable in the UK but not in Portugal for non-habitual residents.