realestate-algarve.info

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

Karvonen Heart Rate Calculator

Karvonen Heart Rate Calculator Quick Answer The Karvonen Formula calculates your personalized heart rate training zones using your heart rate reserve. This method provides more accurate training intensities for athletes by accounting for individual fitness levels.

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New tighter rules for illegal occupation of properties

Illegal occupations will now face more severe punishments and immediate eviction by court order. The law that increases penalties for the crime of usurping real estate, also introducing faster procedural mechanisms to recover illegally occupied properties, comes into effect this Tuesday. Thus, the new legislation introduces a set of changes to the Penal Code and the Code of Criminal Procedure with the aim of strengthening the criminal protection of properties targeted by illegal occupation. “The measure arises in a context of growing concern about invasions and misuse of public and private properties, seeking to ensure a faster and more effective response from the authorities,” according to the legislation, published in the Official Gazette of the Union this Monday and reported by ECO.

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Closure of Int. School in Aljezur

Algarve’s Aljezur International School shut down by authorities after alleged rule-breaking, “worrying situation” for 85 pupils left in limbo Founded in 2010, the Aljezur International School began life in temporary classrooms, shipping containers placed on farmland provided by the local council. “We were granted a provisional operating licence, effective from 1 September 2010,” recalls headteacher Sílvia Catarino. “That licence had to be renewed annually for up to three years. We received two more temporary permits and, in 2013, moved into our current premises. On 24 February 2014, we submitted all the documentation and applied for a permanent licence. On 15 April, two inspectors from the Algarve’s regional education authority visited the school and recommended that we be granted permanent authorisation. The only note they left was that we hadn’t yet submitted the list of students for 2014/2015, which was absurd, as it was April and we didn’t yet know who would be enrolling the following year.”

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New AL legislation per 01/11/24

The Local Accommodation (AL) sector in Portugal is experiencing a phase of important transformations with the implementation of new regulations, which came into force on November 1, 2024. These modifications aim to solve several issues in the sector and establish a more structured framework for short-term rentals. The new decree adjusts some of the provisions that were introduced in October 2023, with the entry into force of “Mais Habitação” law /(the More Housing Law) Package.

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Buying and Selling to make a quick profit

Buying a property in general should be for your own private use, at least that was the main reason for buying in the past. Over the past 20 years, due to rise in rental and property prices, many (taking advantage of cheap money) shifted their focus, and the phrase “Buying to Let” has become a well-known slogan For instance, if you have cash of 300K, you could place it on a one-year deposit.

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Rental Income Tax in Portugal

Rental Income Tax in Portugal: A Complete Guide for Landlords 12 Feb 2025 Introduction Owning rental property in Portugal can be a worthwhile investment, but it also comes with tax obligations. Whether you are a resident or a non-resident, understanding how rental income tax works is essential to ensure compliance and optimise your returns. This guide breaks down everything you need to know about Portugal’s rental income tax system, including tax rates, filing requirements, and potential deductions.

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Sales Tax Enforcement

Frequently Asked Questions - Sales Tax Enforcement What purchase modalities are there on the platform? Electronic auction, closed letter and private negotiation modality. What is the electronic auction modality? Electronic auction is a type of sale that takes place on the internet, where those interested in buying a good submit their proposals, indicating the price they intend to pay for that acquisition, increasing the price that the previous bidder offered. On the designated day and time, the auction ends, and the last person who validly submitted a bid is in the winning position. 

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