[ Offshore Tax ] Foreign Rental Property Income Taxed in Portugal
Things to know about Rental Property Income Taxed in Portugal for foreign people in Portugal.
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DERREN JOSEPH:
Is US rental property income not taxed in general or just under the NHR? Augusto, US rental income?
AUGUSTO PAULINO:
So again, with respect to rental income from a foreign source, in this case, income from a real state in the US, these are not subject to taxation in Portugal. It is exempt under the NHR regime, a general standard taxpayer in Portugal exemption will not apply. So this type of income will be served at the taxation.
DERREN JOSEPH: Right? So that answers your question about the NHR versus no NHR when it comes to US rental income. So, if it is that you have a rental portfolio in the US investment properties in the US then you should consider the NHR. Get advice because I don’t know what your overall situation would be or other assets, but it’s something to consider. So, hope that helps
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