holiday rentals

Insights into what is involved in buying, selling & living in Portugal

Asset allocation on AL licensed properties

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. Owners who have their AL licence and who later remove their property from the scheme, for whatever reason, then are liable to pay capital gains tax, whether they are selling their property or not. Read more →