by Pedro Fidalgo
When selling a property one of the costs to be taken into account is the result of the capital gains. These are obtained taking into account the value of the sale in relation to the value of the acquisition and will be taxed under the Income Tax (IRS). The added value can be derived from the sale of a property, whether acquired through purchase or inheritance. Calculating capital gains, what the capital gains taxation process is, how to declare capital gains and, also, how one can be exempt, is what we will address.
7 methods for heating your pool
f the water in your swimming pool is too cold, then you probably will not swim in it. If you want to enjoy your pool not only on sunny days, then you are best advised to choose an efficient pool heating system.
In general, building in the country is difficult and very limited. Although there is general legislation, each town council can set their own set of rules what is allowed in certain areas.
Non-Habitual Residents – the step-by-step process to get NHR
By Dr Eduardo Serra Jorge -
11th June 2020
“Non-habitual residents” are considered to be individuals who transfer their residence to Portugal and who, at least in the five years prior to registration as a “resident”, have not maintained their tax domicile in Portuguese territory.
A rough guide to assess your photovoltaic (PV) needs in the Algarve With ever-increasing energy bills, more people are considering the option of investing in a photovoltaic (PV) solar panel system in order to generate their own power.
Who must pay social security in Spain?
If you work in Spain, you must pay Spanish taxes and register with the Spanish Social Security service. This registration is valid for life. You also pay contributions into the Spanish social security system in order to access its benefits. As a general rule, you must be employed and be paying contributions in order to be covered for illness, injuries, and accidents at work, unemployment, and maternity and paternity leave.
Lawyers, Law Firms & Legal Advice
MDM Legal
Legal advice in criminal, property, labour, family/inheritance, administrative and contract law throughout the whole of Algarve, Lisbon and Alentejo. Guaranteed first reply to a query within 24 hours. Largo de S. Luis, 11C - 4º Dto, 8000-143 Faro
When the Brexit transition period ends at the end of the year, UK residents won’t be able to come and go as they please, which is bound to affect demand for second homes in Spain.
What to do with an off-shore company anno 2020 Many of us, including myself, decided in the late nineties – early 20th. century to put their property in an offshore structure and maybe even put it in Trust.
