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My daughters home on the first pic and her walking to work on the next. The following one was a mistake but I will leave it there.

Well now. It has been many months of fighting with the Portugal IRS about the base cost of my shares as they will not accept the "Exit Tax" that reset it to new values. I have been paying SARS R10k pm as the tax is R58k.

 I eventually sold all but as Portugal is not accepting the above they have billed me for R200K odd. This differs to my previous posts due to FX rates. I probably would have got off without paying the exit tax but I chose to do so due to the large diffs in tax between the countries.

A flat rate of 28% in Portugal for Capital gains is severe compared to SA where it is about 13%.

The reason why I am not getting anywhere with the IRS here is that they keep sending me letters to provide proof to my local tax office and when I do go there they do not even look at the docs and cannot speak a single word of English so resort to waving of hands and shouting of what sounds like profanities and I leave there with no knowledge with what to do but wait for the next letter.

You will now ask why my accountant does not do it for me. The answer is simple. She lives in Lisbon and that is a long way from here. There are no local accountants that speak English that could accompany me to my local IRS. I live in a city but it is in the far north so not a tourist area so not many locals have exposure to the English language as they do in the south.

As to my stocks.... down about 30%. A catastrophe seems to be playing out but we will prevail. 

 



 

Not really so much the zar but....LONDON, April 23 (Reuters) - The U.S. dollar rallied to a seven-week high on Monday after a rise in the 10-year U.S. Treasury yield to within a whisker of 3 percent sent investors rushing to buy the greenback, leaving the euro and yen sharply lower.

I'm in Wales ATM and see the food prices are about 20% more than last year. Banks closing hundreds of branches due to e-banking. Residential housing prices are sky high due to no new builds. Rental prices are double compared to Portugal. Rent includes rates and taxes and about R1 300.00 pm for utilities is separate. Just bought Chinese Chicken Chow Mein (500ml) for R100.00.

BTC Global. Wheeeee 

I never got my dividend.

Plus we get huge discounts when 65 years old like half price for public transport. Plus tax deductions at year end for medication, groceries, utilities, rent etc. Anything you buy or pay for you are asked for your tax number and it gets entered on your personal tax work page. Just rubbing your nose in it. 
Even with the high VAT, food is still cheaper here though.