www.realestate-algarve.info

Building and Architects

13 Jan 2003 in Building

The majority of people coming to the Algarve to purchase a property will firstly consider buying an existing property. This seems the easiest and fastest way as the advantage is there:

Tax on rental income in Portugal As many of you rent out your property through our services it is maybe good to know if and what you have to declare to the Portuguese tax authorities (Finançes). It is known know that undeclared rental income is high on the list of the Finançes. All rental income either received inside or outside Portugal but related to in Portugal situated real estate is subject to either IRS (income) tax, for property owned in your own name or IRC (corporate) tax for properties owned by an offshore property company.

Changing offshore taxation

26 Dec 2002 in Offshores

Some of you may have heard for some time rumours that offshore companies, holding properties in Portugal are under attack by the Portuguese tax authorities. Earlier this year it became evident that in the Portuguese state budget, proposals were made to make offshores less attractive to hold.

Buying, Selling and Cost 2018

26 Dec 2002 in Buying and Selling

The legal regulations are very specific when buying a property in Portugal; however, it is always advisable to use qualified legal advice from a lawyer, solicitor or experienced person in this field.

Mortgages

26 Dec 2002 in Mortgages

Understand how to apply for a mortgage in Portugal, and the types of mortgage available… For those who have a Portuguese Residency Card (Cartão de Residencia), a Portuguese Tax Code (Numero Fiscal de Contribuinte), a Portuguese bank account (Conta Bancaria em Portugal), proof of regular income and/or a contract (Contrato) with an international or national company in Portugal, and a good credit rating, it is fairly easy to take out a mortgage.

Offshore situation 2017

26 Dec 2002 in Offshores

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.

About us

01 Jan 0001

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.

Article Search

01 Jan 0001

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Contact

01 Jan 0001

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