THE SOVEREIGN PORTUGUESE PROPERTY PURCHASE PLAN Since 2002 there have been various reforms of property taxation by the Portuguese authorities, including the introduction of a penalty tax rate which increased the level of Municipal Tax (rates) payable in respect of properties held by companies included on the Portuguese Finance Ministry “blacklist”. That tax rate is now set at a flat 7.5% of the “Valor Patrimonial” (Rateable Value) making the tax payable unacceptable for most properties. The same changes also imposed a tax on a presumed rental income calculated at 1/15th of the “Valor Patrimonial” in the case of a property held by such a blacklisted company.
Who are we and what we do? www.realestate-algarve.info is an informative website linked to ROBAN Realestate Actividades Ldª (founded in 2016) with fiscal number 513 977 627 and also to PARGO ReAct Lda, (founded in 2019) with NIPC 515 557 803.
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