Taxation: business vs rental income
In this series, we examine implementation issues surrounding the new Holiday Let Licensing legislation
Taxation: business vs rental income
Lawyers and contracts
“Simplex and property problems
Energy Certificate – Certificado Energética.
Some of you may have heard already that also Portugal has to comply with European legislation. One of them is new legislation related to energy and efficiency certificates.
Short term rentals. Alojamento Local.
In the past I have written several articles about the problems we have encountered in recent years with letting private properties to tourists on a daily or weekly base (short rentals).
Car tax in 2008 This tax is payable each year on each motor vehicle which you own. Starting in 2008 the tax will be paid on the anniversary of the vehicle or the Portuguese licence plate when the car is imported.
Tourist rental licensing process simplified With more than 330,000 bed spaces rented out illegally in the Algarve, the government has simplified the licensing process in the hope that more owners apply for the tourist rental licence and declare rental income.
One of the tasks of an estate agent should be his ability to carry out valuations on properties. To do this properly one obviously need to have good knowledge of the local market, for that reason it is advisable to appoint somebody who is familiar with the area the property is situated in.
ALL DRIVERS of passenger vehicles and motorcycles who are 50 in 2008 must renew their driving licence this year.
The age limit for renewing driving licences was previously 65. The change aims to better control the “physical and psychological skills” of drivers in Portugal.
New road tax rules start on 1-1-2008 OWNERS OF vehicles with Portuguese plates must take note of the first registration date of their car as that is when they will need to purchase their Imposto Único de Circulação (IUC), the national road tax, formerly known as Imposto Municipal Sobre Veículos, following new rules introduced this month.
