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Portugal to introduce tax on real estate fortunes It has been widely reported that the Portuguese government is intending to levy extra Real Estate Tax on properties worth €600,000 and over in order to improve pension payments and fund the socialist party’s stated policy of raising the incomes of the lower paid to give people more money in their pockets to spend.  It is further reported that the government is intending to increase taxes on property owners who rent their properties to holidaymakers either privately or through websites such as Airb&b. These increases are currently  going through the voting process and if accepted by Parliament will come into effect in 2017. If you are or could be affected by any of these new tax changes, it is recommended that advice be sought from your financial advisor. For more information, you can read the full Article on http://www.expatica.com/pt/news/Portugal-to- introduce-tax-on-real-estate-fortunes_796627.html
                     © 2018

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Portugal to introduce tax on real estate fortunes
It has been widely reported that the Portuguese government is intending to levy extra Real Estate Tax on properties worth €600,000 and over in order to improve pension payments and fund the socialist party’s stated policy of raising the incomes of the lower paid to give people more money in their pockets to spend.  It is further reported that the government is intending to increase taxes on property owners who rent their properties to holidaymakers either privately or through websites such as Airb&b. These increases are currently  going through the voting process and if accepted by Parliament will come into effect in 2017. If you are or could be affected by any of these new tax changes, it is recommended that advice be sought from your financial advisor. For more information, you can read the full Article on http://www.expatica.com/pt/news/Portugal-to- introduce-tax-on-real-estate-fortunes_796627.html
© 2018