Marriage is both a social and legal process. Getting married may change the partners’ legal and financial status, their rights to residency and nationality, their susceptibility to taxation, and the rights of their heirs. It also brings new legal responsibilities. It is therefore well worthwhile consulting the relevant consulates and taking professional legal and financial advice before deciding on the form of marriage to adopt.
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.
Registry of Hydric/Water Resources Accordingly to the law 226A dated the 31st of May 2007 all owners and tenants of properties of properties that have water resource equipment must apply for an appropriate usage title/license by May 31st. 2009.
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
Energy Certificate – Certificado Energética.
Some of you may have heard already that also Portugal has to comply with European legislation. One of them is new legislation related to energy and efficiency certificates.
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).
Car tax in 2008 This tax is payable each year on each motor vehicle which you own. Starting in 2008 the tax will be paid on the anniversary of the vehicle or the Portuguese licence plate when the car is imported.
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.
