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Mortgage process Portugal

18 Aug 2019 in Mortgages

How does a mortgage process in Portugal works? Find a property of your liking and establish the purchase price. Find your mortgage brokers or banks who you think toy be willing to provide the mortage

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Income tax Spain on Rental Income

18 Aug 2019 in Taxation and Succession

Taxation of rental properties in Spain The tax implications of renting out a Spanish property Introduction There are various situations to consider: you receive rental income from a Spanish property but are not resident in Spain. For example if you buy a holiday home which you use but occasionally rent out.

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Non Habitual Residence

18 Aug 2019 in Taxation and Succession

ABOUT THE REGIME The Portuguese Non-Habitual Residency status enables those who become tax resident in Portugal, and are accepted as NHR, the opportunity to receive qualifying income tax free both in Portugal and in the country of source of the income.

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Capital Gains Tax on Rental properties

30 May 2019 in Taxation and Succession

Owners of holiday rental properties face Capital Gains Tax blow Two news items relating to the Alojamento Local (AL) registration system for those property owners involved in short-term lettings to tourists further have reduced the chances of anyone registering without being forced to.

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Register of Beneficial Owners

16 Mar 2019 in Offshores

The Central Register of the Effective Beneficiary (RCBE) consists of a database with accurate and up-to-date information about the persons who, indirectly or through a third party, have ownership or effective control of established entities in Portugal.

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Rights of a sole trader

20 Jan 2019 in Social Security

Currently there are approximately 800,000 independent workers registered in Portugal. Being your own boss has its advantages. However, you need to pay careful attention since the contributions and tax payments are made by you, rather than by a company.

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Capital Gains Tax

20 Jan 2019 in Taxation and Succession

CGT: Older Properties and Unauthorised Improvements Many property owners who acquired their homes in Portugal in years gone by face a common dilemma: they bought at a time when real estate was dirt cheap. These houses were often primitive and in poor condition, requiring substantial renovations.

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AIMI Tax

20 Jan 2019 in Taxation and Succession

As a relatively new tax, it is not surprising that many have been caught unaware of their liability to pay AIMI and, more importantly, how they can avoid the disturbing consequences.

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AL Licence explained

11 Oct 2018 in Rentals and Letting

AL- Holiday Rental Licence procedure explained by afpop With the kind permission of afpop, the below information about Alojamento Local - short-term accommodation for tourists - normally is available only to afpop Members but is reproduced to show non-members the type of detailed information that is available.

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