Long debated in Parliament. Finally, they have reached a verdict. The scary part that short time rentals would be restricted to 90 days was not approved
Below you will find the new law which will come into effect 60 days after being approved.
New laws passed this week by the leftist parties in Parliament has seen local councils and home owners’ associations or condominiums handed extensive powers in regulating and restricting the number apartments that can qualify for local lodging licences (Alojamento Local - AL). The decision has already been criticised by associations representing landlords, saying the move is a step in the wrong direction and will have a negative impact on tourism.
IMT – Tabelas Práticas 2018 (CONTINENTE – HABITAÇÃO PRÓPRIA E PERMANENTE)
Valor sobre que incide o IMT (€) Taxa marginal a aplicar (%) Parcela a abater (€) Até 92.407 0 0 De mais de 92.407 até 126.403 2 1.848,14 De mais de 126.403 até 172.348 5 5.640,23 De mais de 172.348 até 287.213 7 9.087,19 De mais de 287.213 até 574.323 8 11.959,32 Superior a 574.323 Taxa Única de 6% (CONTINENTE – HABITAÇÃO) Valor sobre que incide o IMT (€) Taxa marginal a aplicar (%) Parcela a abater (€) Até 92.407 1 0 De mais de 92.407 até 126.403 2 924,07 De mais de 126.403 até 172.348 5 4.716,16 De mais de 172.348 até 287.213 7 8.163,12 De mais de 287.213 até 550.836 8 11.035,25 Superior a 550.836 Taxa Única de 6%
The walls continue to close in on Offshore property holding companies in Portugal. Once a popular solution for home ownership, these structures are based in low-tax jurisdictions that allow shareholders to take advantage of certain “loopholes” to avoid paying Capital Gains tax when selling.
Earthquake risk study reveals dark scenario PRELIMINARY RESULTS from a study assessing earthquake and tsunami risks in the Algarve have revealed that a tremor like the one experienced in 1755 could lead to around 3,000 fatalities and make 27,000 people homeless in the region (See The Resident, September 7, 2007).
EDITORIAL: NIKI PATEL nikisha.patel@scottishwidows.co.uk
Having looked at the inheritance tax treatment when a discretionary trust is created and when capital appointments are made, moving another step on, I now focus on the tenth year anniversary charge known as the ‘periodic charge.’
I.M.I. / Rates / O.Z.B. over 2017
Today the 30th. of April 2018 is the last day to pay the IMI / Rates related to 2018.
What happens if you do not pay in time (that is before 24:00 p.m. today)
Welcome to our 5th Definitive Guide to Rural Fire Protection and Land Cleaning. This special edition marks Civil Protection Day 1st March.
Providing a safe environment is important to our quality of life here in Portugal. Fires in rural areas pose a risk to communities including: ourselves, our families, friends, animals and properties.
International company structures established in decades gone by to help wealthy owners of property in Spain avoid tax are now a ticking time-bomb for some, as the Spanish tax authorities set their sights on them.
