&NewLine;<h2 class="wp-block-heading">Taxation of property income in the event of expatriation</h2>&NewLine;&NewLine;&NewLine;&NewLine;<p>Property income is determined by the difference between the gross income received during the taxation year and the total property expenses incurred during the same period&period; Property income in the event of expatriation is determined by the difference between the gross income received during the taxation year and the total property expenses incurred during the same period&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>You will therefore take into account your work and loan interest when calculating your net income&period; then the net income will be subject to tax&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>However, by virtue of a special provision&like the&rsquo&semi;<a href="https://vivreauportugalconsulting.com/produit/consultation-fiscale-personnalisee/">tax thus calculated</a> cannot be less than 20 per cent of that year's net taxable income&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>However, this minimum rate of 20 per cent does not apply if the taxpayer can show that the average rate that would result from taxing all his income from French and foreign sources in France would be lower than this minimum rate;</p>&NewLine;&NewLine;&NewLine;&NewLine;&NewLine;&NewLine;<p>In such cases, the average rate is used to calculate the <a href="https://vivreauportugalconsulting.com/plus-value-immobiliere-au-portugal/" class="rank-math-link"><strong>tax calculation</strong></a> payable only on income from French sources&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Of course, if the persons concerned are domiciled in a country bound to France by a tax treaty, the minimum rate of 20% applies only to income that is effectively taxable in France under the treaty;</p>&NewLine;&NewLine;&NewLine;&NewLine;<h3 class="wp-block-heading"><strong>If you think your average tax rate is below &colon;&nbsp&semi;</strong></h3>&NewLine;&NewLine;&NewLine;&NewLine;<p>Article 197 A of the French General Tax Code stipulates that the minimum rate does not apply to people who can justify that the average rate that would result from taxing all their income from French and foreign sources in France would be lower than this minimum rate of 20&percnt;&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Where the minimum rate does not apply, non-resident taxpayers are taxed on their French-source income at the average rate&lpar;by definition lower than the aforementioned minimum rate&rpar; which would result from taxation in France&comma; under the conditions of ordinary law&comma; of all their income from French and foreign sources &lpar;this comes from a Tax Instruction dated September 23, 1991&comma; 5 B-20-91 &semi; D&period; adm&period; 5 B-7123&comma; n° 6&comma; August 1, 2001&rpar;&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p class="has-text-color has-very-dark-gray-color">Please note that this income may also be declarable when you file your IRS return with the IRS. <a href="https://portobeautiful.com" class="rank-math-link">Portugal</a>However, you will be entitled to a tax credit thanks to the tax treaty between the two countries&period;</p>&NewLine;
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