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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: Rubic ✧  😊 😞
Number: of 86269 
Subject: Re: Tax treatment of "old shares" after immi
Date: 03/30/25 7:18 AM
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No. of Recommendations: 2
> A) Sales Price in 2030 - Buying Price in 2000
> B) Sales Price in 2030 - Price at date of immigration in 2025

Said,

For Portugal, the answer is A. You don't get a step-up basis
just because you immigrated here.

If you decide to sell your shares tax-free in Germany before
moving here, you may want to check with a Portuguese tax advisor
before buying them back again (if that's what you intend to do),
as there are some potential plans that you can use to lower your
tax bill -- if you structure things correctly before you move here.

-Rubic
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This community has written 356 posts about Living Abroad. The article-length ones it recommended most:
Welcome! · 12 recs · 2024
USA to Portugal (Sabbatical) · 8 recs · 2024
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