Seems that rather than lobby politicians to protect their investors, PT Fund companies like Optimize are trying to hypnotise GV investors that they never really wanted a PT passport in the first place!
āYou wanted to be left in purgatory for yearsā¦ You like being jerked aroundā¦ You enjoy paying lawyers to sue the Government just to process a routine applicationā¦ You love counterparties that change the rules long after you signed upā¦ā
Yes of course youāre right, CA is an overtaxed bust. Thatās why we left and moved to Florida.
Jedi mind tricks, they play
All of the funds are just reacting in fashions that you would expect. I imagine they were lobbying all along, just of course that itās only going to be about so effective, and/or they were lobbying to the wrong people, or no one wanted to listen to them anyway because theyāre representing rich people.
But the tone of the marketing changingā¦ I donāt know that their marketing is any different than anyone else anywhere else. Weāre just more bitter about it here.
A shame you left CA bliss for FL āMAGA-Lo-maniaā?
Investors donāt like to be bullshi**d. Leaves a bad taste, and weāll be telling all our friends.
2025, me 
Well in a way, theyāre right. A year ago Portugal took your money and gave you nothing. Today, itās the same!
Details of the Long-Term Holding Incentive
A new law introduced in 2024 (Law No. 31/2024) provides a partial exemption for capital gains on listed securities and units in open-ended collective investment undertakings for Portuguese tax residents.
The effective tax rates are determined based on the length of the holding period:
Holding Period: ā„ 8 years: 30% of the gain is tax-exempt, resulting in an effective tax rate of 19.6% (28% flat rate on 70% of the gain).
Holding Period: ā„ 5 years & < 8 years: 20% of the gain is tax-exempt, resulting in an effective tax rate of 22.4%.
Holding Period: > 2 years & < 5 years: 10% of the gain is tax-exempt, resulting in an effective tax rate of 25.2%.
Holding Period: < 2 years: No exemption applies, and the full gain is taxed at the standard 28% flat rate.
Interesting, Compare this with Portuguese-compliant investment bonds which provide more flexible and already tested protection against CGT for long term residents.
quality of life in australia is at least twice as good as in that backwater portugal
Barry Humphries (dec.) aka Dame Edna Everage, once said that the good thing about Melbourne was that in 24 hours you can be somewhere interestingā¦
portugal aint it
And of course Ava Gardner (dec.) said on the set of āOn the Beachā that Melbourne is a great place to make a film about the end of the worldā¦ 
portugal still aint it, as much as Talky era film stars mightve opposed Melbourne
Ha! Iām not from Melbourne so Iām not sure what inspired the anti-Australian sentiment? āOn the Beachā was made in 1959 (notably the same year Humphries left Melbourne for London). I think the world has changed somewhat since then. Melbourne is now 3x as big and one of the wealthiest, desirable, and most cosmopolitan cities in the world, with cost of living, wages and services to match.
Also, I was lucky enough to meet Humphries on a number of occasions and in fact had the privilege of dinner with him not long before he died. Jokes about Melbourne were his stock in trade because itās where he grew up in the 1940s and 50s. Self-deprecating humor is a national pastime down under. Rather refreshing compared to the usual brittle defensiveness people have about their country of birth.
If the price of groceries driving your decision, Mogadishu beats Lisbon, but Iām not sure youād want to live there!
Are you residing in Portugal full time? I loved Melbourne, but Lisbon (and Porto) are far superior in many ways. Just think that you can just drive to Spain and France as opposed to mounting an expedition to reach Europe from Australia.
And yes, the politics and bureaucracy in Portugal suck!!!
Ironic that the thing you list thatās superior about Portugal is the fact you can quickly drive somewhere else 
That is interesting, although the issue I was referring to was a problem with the electronic filing system in Portugal that didnāt allow for CGT exemption on stock sales for NHR and issues with the interpretation of the tax treaty by the AT. This was an issue last time I sought advice in 2023, and it might have been resolved in the meantime, but for US citizens at least it meant paying CGT in both Portugal and the US, then going to court every year in Portugal to claw it back.
Not anti-Australian, just anti-Melbourneā¦ 
Agree about the self-deprecating humour or ātaking the pissā as suchā¦
(What is a āwood-collieā btwā¦ tried to look it up thinking it was some sort of insect or a dog breed but no luckā¦)
The best thing to come out of Melbourne ? The Hume highway - to Sydneyā¦
