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Articles in the ‘Property News & Info’ Category

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).


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.


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