portugal

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

Stricter laws on local rentals

New laws passed this week by the leftist parties in Parliament has seen local councils and home owners’ associations or condominiums handed extensive powers in regulating and restricting the number apartments that can qualify for local lodging licences (Alojamento Local - AL). The decision has already been criticised by associations representing landlords, saying the move is a step in the wrong direction and will have a negative impact on tourism. Read more →

I.M.T. - 2018

IMT – Tabelas Práticas 2018 (CONTINENTE – HABITAÇÃO PRÓPRIA E PERMANENTE) Valor sobre que incide o IMT (€) Taxa marginal a aplicar (%) Parcela a abater (€) Até 92.407 0 0 De mais de 92.407 até 126.403 2 1.848,14 De mais de 126.403 até 172.348 5 5.640,23 De mais de 172. Read more →

New legislation offshore property companies

The walls continue to close in on Offshore property holding companies in Portugal. Once a popular solution for home ownership, these structures are based in low-tax jurisdictions that allow shareholders to take advantage of certain “loopholes” to avoid paying Capital Gains tax when selling. Over the past 15 years, successive changes in legislation in Portugal have gradually tarnished the glow of these elusive structures. Read more →

Earthquakes and Tsunami

Earthquake risk study reveals dark scenario PRELIMINARY RESULTS from a study assessing earthquake and tsunami risks in the Algarve have revealed that a tremor like the one experienced in 1755 could lead to around 3,000 fatalities and make 27,000 people homeless in the region (See The Resident, September 7, 2007). Read more →

Last day for paying Rates

I.M.I. / Rates / O.Z.B. over 2017 Today the 30th. of April 2018 is the last day to pay the IMI / Rates related to 2018. What happens if you do not pay in time (that is before 24:00 p.m. today) You will start paying interest for late payment. Every year the Government decides which percentage will apply. Read more →

Bush fire prevention

Welcome to our 5th Definitive Guide to Rural Fire Protection and Land Cleaning. This special edition marks Civil Protection Day 1st March. Providing a safe environment is important to our quality of life here in Portugal. Fires in rural areas pose a risk to communities including: ourselves, our families, friends, animals and properties. Read more →

The Portuguese social security system

The social security ( segurança social or caixa) system in Portugal is administered by the state and, in principle, applies to all individuals working in Portugal, either as employees or self-employed. It provides benefits for health care, sickness, retirement, disability, death and old age, maternity, paternity and adoption. Both employers and employees must register and make contributions. Read more →

The Portuguese social security system

The social security ( segurança social or caixa) system in Portugal is administered by the state and, in principle, applies to all individuals working in Portugal, either as employees or self-employed. It provides benefits for health care, sickness, retirement, disability, death and old age, maternity, paternity and adoption. Both employers and employees must register and make contributions. Read more →

Residencia

Moving to Portugal and getting Residencia The rules about residency apply to you depend on your nationality. The rules for Citizens of European Union countries tend to be less restrictive as these countries are trying to encourage the mobility of the workforce and all apply similar rules. Citizens of European Union Countries Residency law changed in Portugal in 2006. Read more →