In this episode of Gimme Some Truth, Nate, Mitch, and Stan discuss recent changes to Portugal’s Non-Habitual Residence (NHR) tax program and their impact on US expats.

They cover the origins and benefits of the NHR program, the implications of the US–Portugal tax treaty, and why a recent arbitration ruling confirmed that US citizens should not be taxed on capital gains in Portugal due to the treaty’s savings clause.

The conversation also includes practical guidance on working with accountants, understanding new tax rules, and preparing for life abroad. For Americans living in Portugal—or considering the move—this episode delivers essential insights into the evolving international tax landscape.

Timestamps

00:00 – Introduction to the Episode

00:30 – Understanding NHR: What It Is and Why It Matters

01:12 – The Rise and Fall of the Original NHR Program

01:38 – Tax Implications for US Expats in Portugal

03:26 – The Capital Gains Tax Controversy

07:58 – Recent Developments and Legal Challenges

10:23 – Practical Advice for Expats

17:57 – Conclusion and Final Thoughts

18:43 – Disclaimer and Additional Information

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