Importation/Registration
The easiest way of acquiring a vehicle with valid Portuguese registration documents is to purchase a new vehicle from an authorised agent in Portugal who will register the vehicle for you. This has the added advantage of having agents close by to provide service, guarantees, and spare parts. However, importation is an option and there can be tax advantages for new residents from within the EU who import a vehicle they have owned for more than 12 months.
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Marriage is both a social and legal process. Getting married may change the partners’ legal and financial status, their rights to residency and nationality, their susceptibility to taxation, and the rights of their heirs. It also brings new legal responsibilities. It is therefore well worthwhile consulting the relevant consulates and taking professional legal and financial advice before deciding on the form of marriage to adopt.
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Letter to me of one of my clients:
Dear Business Partners,
You probably remember about 6 months ago I shared with you the “inside information” I got at that time concerning the future strategy of the most feared (economical) Portuguese police force ASAE in relation to their “hunt for so called illegal tourist beds”.
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Registry of Hydric/Water Resources Accordingly to the law 226A dated the 31st of May 2007 all owners and tenants of properties of properties that have water resource equipment must apply for an appropriate usage title/license by May 31st. 2009.
This title request is compulsory for all land owners that may have any form of (illegal) hydric resources such as:
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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
Rental agent v property manager
As you have previously read (short term letting in 2008 – new legislation), how you set up your contracts defines the nature of your activity and how your income will be treated for tax purposes.
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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.
In fact this energy certificate has been introduced already on 1st. of June 2007 which is called phase 1.
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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).
During the past years quite a few agencies and property owners have been caught by the ASAE (the authority in charge with inspections) and agents and property owners received heavy fines as their properties did not have the correct license.
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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.
You will need both your Livrete and your Titulo de Registo de Propriedade or you “Documento Unico” for the vehicle and your fiscal number and Identification.
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