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-   -   Portuguese Investor (https://www.englishforum.ch/finance-banking-taxation/300471-portuguese-investor.html)

elmacho 02.10.2020 18:01

Portuguese Investor
 
Hi

I started investing in stocks 10 years ago while living in Portugal. I never sold them because our capital gains tax is 28%.
If i move to switzerland and sell my stocks as a source of income to live in switzerland will i need to pay the capital gains in Portugal or in Switzerland?

thank you

Dr Mick 04.10.2020 22:44

Re: Portuguese Investor
 
Quote:

Originally Posted by elmacho (Post 3222825)
Hi

I started investing in stocks 10 years ago while living in Portugal. I never sold them because our capital gains tax is 28%.
If i move to switzerland and sell my stocks as a source of income to live in switzerland will i need to pay the capital gains in Portugal or in Switzerland?

thank you

My guess is that it probably depends on the Portuguese law. They may tax you for the period where you lived there, even if you didn't sell.

KashKau 05.10.2020 02:49

Re: Portuguese Investor
 
Quote:

My guess is that it probably depends on the Portuguese law. They may tax you for the period where you lived there, even if you didn't sell.
Portugal doesn't have exit taxes for individuals afaik


Quote:

If i move to switzerland and sell my stocks as a source of income to live in switzerland will i need to pay the capital gains in Portugal or in Switzerland?
If that's your main source of income, yeah there's a decent chance you're going to pay tax on that here.

fatmanfilms 05.10.2020 09:00

Re: Portuguese Investor
 
Quote:

Originally Posted by KashKau (Post 3223401)

If that's your main source of income, yeah there's a decent chance you're going to pay tax on that here.

If he has never sold anything, then unlikely to he his main source of income.

For the OP, Malta has no CGT or wealth tax.


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