Author Topic: My retirement blog.  (Read 84624 times)

gcr

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Re: My retirement blog.
« Reply #315 on: December 05, 2017, 11:10:53 pm »
Glad to see you got out of a rather deep hole 8)
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Orca

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Re: My retirement blog.
« Reply #316 on: April 24, 2018, 08:56:27 pm »
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. 

 



 

I started here with nothing and still have most of it left.

Orca

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Re: My retirement blog.
« Reply #317 on: April 24, 2018, 09:04:03 pm »
Just got back from Wales. Snow and more snow.
I started here with nothing and still have most of it left.

Orca

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Re: My retirement blog.
« Reply #318 on: April 24, 2018, 09:08:31 pm »
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.
I started here with nothing and still have most of it left.