Hey everyone,
I’m from the UK but I have been living abroad and travelling for the last few years. During that time I have become a tax resident in another country only once and don’t qualify for UK tax residency according to the SRT guidelines. During that time I have also purchased property in the UK.
I’m trying to evaluate the benefit of becoming a tax resident in Thailand, Portugal, Costa Rica where foreign income is not taxed by spending 6 months/ year there vs continuing to spend 4-5 months in other countries (not UK) and travelling the rest of the year.
I’d also like to know if it is not necessary to become tax resident somewhere is it necessary to have a permanent home abroad either owning or renting vs short term rentals, hotels, hostels etc.
I’m particularly interested in Portugal as a long term solution as it seems 6 months on the ground might not be required to become tax resident.
Any insights are much appreciated
Thanks,
Thomas