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Review by Soren T1 year ago
The ERES staff is generally competent, helpful and quick to reply – and I wish I could give a better rating. However, any positive experiences we have had with ERES is overshadowed by a fateful incident of bad advice we had from the ERES tax layer. That advice will cost us a lot of money.
We moved from Qatar to Portugal to retire in 2018. We consulted the ERES tax lawyer to understand whether we should realize the (at the time unrealized) capital gains of our savings before moving.
The tax lawyer knew that:
a) We had unrealized capital gains
b) We could realize the unrealized gains without paying tax by selling the assets while still in Qatar
c) We would realize the capital gains while still in Qatar if we had to pay tax of the gains after moving
d) We are liable to Portuguese taxation of the (at the time unrealized) gains once we sell the assets after moving to Portugal. Tax laws vary from country and country, and I didn't know that particular detail. Which is why we came to the tax lawyer for advice.
Inexplicably, the tax lawyer informed us that there was no reason for us to sell the assets while still in Qatar. As we now know, that advice was simply wrong. It will cost us a considerable part of our savings.
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