Local Lodging and another clampdown on illegal rentals Local Lodging has finally come into its own. Known internationally as “self-catering accommodations”, new statutes regulating this business are solely dedicated to the activity in its own right, rather than being seen as an afterthought to general tourism as in the past.
Letter to me of one of my clients:
Dear Business Partners,
You probably remember about 6 months ago I shared with you the “inside information” I got at that time concerning the future strategy of the most feared (economical) Portuguese police force ASAE in relation to their “hunt for so called illegal tourist beds”. At that time the conclusion was that ASAE should start its intensive inspections as from the 2009 summer period for reaching a climax the whole 2010 year around.
Taxation: business vs rental income
In this series, we examine implementation issues surrounding the new Holiday Let Licensing legislation
Taxation: business vs rental income
Lawyers and contracts
“Simplex and property problems
Short term rentals. Alojamento Local.
In the past I have written several articles about the problems we have encountered in recent years with letting private properties to tourists on a daily or weekly base (short rentals).
Tourist rental licensing process simplified With more than 330,000 bed spaces rented out illegally in the Algarve, the government has simplified the licensing process in the hope that more owners apply for the tourist rental licence and declare rental income.
Portuguese property is an attractive investment because it can bring income as well as capital growth, making it potentially both a secure and profitable investment. However, with making money comes fiscal obligations.
Ways of keeping your habitation licence
This spring, for the third consecutive year, inspectors from Autoridade de Segurança Alimentar e Económica (ASAE) have fined agents and owners for holiday let related activities.
