Articles in the ‘Company News’ Category

Retirement

By • Oct 1st, 2008 • Category: Company News

After many years of working at Quinta Properties Hannelore Singh has now retired. We thank her very much for all of her hard work and dedication and wish her all the best for the future. We will all miss her.


Eco Buildings – Energy rating certificate

By • Sep 1st, 2008 • Category: Company News, Property News & Info

Buildings are being classified in accordance with their eco quality. This has already been initiated and is being carried out in various stages. It is foreseen that as from 1 January 2009 all buildings will need to have the energy certificate which will be required when selling your property.


Reduction in VAT (as from 1st July 2008)

By • Jul 1st, 2008 • Category: Company News, Property News & Info

VAT tax in Portugal was reduced by 1% from 21% to 20%.


Estate agents commission deductible

By • Jul 1st, 2008 • Category: Company News, Property News & Info

The Tax department have confirmed that commission paid to an estate agent on the sale of the property is considered a deductible expense against capital gains tax (Mais Valia).


We need Sea View properties!

By • Jun 1st, 2008 • Category: Company News

Despite much doom and gloom in the papers, its business as usual at Quinta Properties. Lower and middle markets are down a bit and there are perhaps fewer clients walking into our offices, but the buyers still come and they still want only the best property.


New changes to Registration of your property

By • May 1st, 2008 • Category: Company News, Property News & Info

New law coming into effect in 2009 will allow other entities besides the Land Registrar and Notaries to carry out property registrations; Lawyers, Chambers of Commerce & Industry, and Solicitors will also be able to carry these out.


Pros and cons of owning an abroad property in an offshore corporate structure

By • Mar 1st, 2008 • Category: Company News, Property News & Info

When buying a property in Portugal area, and especially one priced at over 1 million euros, you may well be confronted with the question as to whether to buy it in your own name, or to use a corporate structure.


Tax refund on overseas properties possible

By • Mar 10th, 2007 • Category: Company News, Property News & Info

Around 20,000 people who have bougth overseas holiday homes through companies could be in line for tax refunds averaging £4,000 for every year they have paid tax.


Tax change for overseas properties announced

By • Mar 1st, 2007 • Category: Company News, Property News & Info

The British Government has announced its intention to bring forward legislation in Finance Bill 2008 which will ensure that individuals who have bought or will buy a home abroad, will not face a benefit in kind tax charge for any private use of the property if purchased through a company.


Changes to property taxes in Portugal

By • Jan 4th, 2007 • Category: Company News, Property News & Info

With the announcement of the budget for 2007, the Portuguese government has proposed a change in the tax laws relating to offshore companies in the so-called “blacklisted” territories like Gibraltar, Channel Islands, Bahamas, Cayman Islands amongst many others.