Search found 34 matches

by steveh
Wed Aug 23, 2017 8:41 am
Forum: Property owners forum / Portugal living.
Topic: Capital Gains & Lawyers
Replies: 7
Views: 2152

Re: Capital Gains & Lawyers

Not our fiscal rep & POA said he has no tax liability. Fiscal rep is happy for him not to keep money back but lawyer says it's normal procedure.
by steveh
Tue Aug 22, 2017 2:05 pm
Forum: Property owners forum / Portugal living.
Topic: Capital Gains & Lawyers
Replies: 7
Views: 2152

Capital Gains & Lawyers

Does anyone know, if you sell a property in Portugal and the lawyer had POA to sign documents & receive money etc, does he then have an obligation to hold onto some of the sale proceeds until you've had your final tax return because he's legally responsible for making sure you pay all your taxes? Th...
by steveh
Sun Jun 04, 2017 12:18 pm
Forum: Property owners forum / Portugal living.
Topic: Al registration tax query
Replies: 6
Views: 2179

Re: Al registration tax query

Thanks - exactly what we understood and exactly what we said to the accountant. They're seriously suggesting people should pay CGT on a 'transaction' that they concede is completely imaginary. Maybe this fictitious CGT liability can be dealt with in their imaginations too!
by steveh
Fri Jun 02, 2017 9:12 am
Forum: Property owners forum / Portugal living.
Topic: Al registration tax query
Replies: 6
Views: 2179

Al registration tax query

For part of the year we let our property as a holiday rental - legal, licensed, income declared & taxes paid. In 2015 we complied with Decree Law 128/2014 and registered a "business activity." Our accountant told us this week that in doing that, our property immediately became allocated to the AL bu...
by steveh
Thu Dec 03, 2015 7:21 pm
Forum: Property owners forum / Portugal living.
Topic: Possible additional tax demands
Replies: 2
Views: 1995

Re: Possible additional tax demands

As I understand it, this isn't recovering unpaid tax but changing what expenses are allowable and then applying those changes retrospectively. People could only pay the tax they were asked for according to the rules as they applied at the time so in previous years the tax they want to claim now wasn...
by steveh
Mon Nov 30, 2015 5:52 pm
Forum: Property owners forum / Portugal living.
Topic: Possible additional tax demands
Replies: 2
Views: 1995

Possible additional tax demands

We had an e-mail last week from our management company to say they've been advised that the Financas are now intending to try to claw extra tax back from the years 20111 - 2014 from people who own property in Portugal and sometimes rent it out as a holiday let. They're only going to allow expenses t...
by steveh
Sat Nov 08, 2014 11:08 am
Forum: Property owners forum / Portugal living.
Topic: Changes to the reporting of letting income
Replies: 93
Views: 32104

Re: Changes to the reporting of letting income

Could I ask another question about this approaching change? We understand from our property manager that invoices will have to be issued for each paying guest (ie group/family). For a few years now, we've arranged all our own bookings which have largely come from the UK with money in GBP, although w...
by steveh
Mon Jan 16, 2012 11:06 pm
Forum: Property owners forum / Portugal living.
Topic: New tax on rental properties?
Replies: 19
Views: 3262

New tax on rental properties?

We've heard the Portuguese govmnt are set to levy a 75 euro per month tax on all properties available for rent to tourists. Anyone know if this is true?
by steveh
Mon Aug 30, 2010 6:03 pm
Forum: Property owners forum / Portugal living.
Topic: Replacement LNB on satellite dish.
Replies: 4
Views: 791

Replacement LNB on satellite dish.

We've been charged 90 euros to replace the LNB on our satellite dish (currently in UK or I'm pretty sure I could've done it myself!) This sounds a lot to me - am I being unreasonable? (Only a 2 bed apt - not a major climb to the top of a massive villa!)
by steveh
Wed Jul 28, 2010 3:14 pm
Forum: Property owners forum / Portugal living.
Topic: Water meter law?
Replies: 1
Views: 560

Water meter law?

We've been told there's now a law in Portugal that all utility meters now have to be outside, visible to utility companies. Our water meter is inside so this means it needs to be moved. Is this a new law? Does anyone know anything about it?
Thanks.
by steveh
Fri Jul 31, 2009 4:12 pm
Forum: Property owners forum / Portugal living.
Topic: Tax allowances
Replies: 4
Views: 779

Re: Tax allowances

Sorry Widge - I mean what can we claim against on our Portuguese tax return - not UK.
Basically we've been told we can't claim for cleaning or utilities when villa occupied by renting guests - friends have been told they can.
Just wondered if anyone knows who's right. Thanks.
by steveh
Thu Jul 30, 2009 10:56 am
Forum: Property owners forum / Portugal living.
Topic: Tax allowances
Replies: 4
Views: 779

Tax allowances

Can anyone clarify what's deductible for the purposes of Portuguese tax declaration? We have a villa we rent out (tourist licence pending and have had permission to rent from lawyer who's dealing with it) and we declare our income for Portuguese tax. Our managing agent maintains cleaning/laundry and...
by steveh
Sun Jul 20, 2008 9:05 pm
Forum: Property owners forum / Portugal living.
Topic: more on tourist property licences
Replies: 216
Views: 56007

Sounds simple but apparently there maybe a problem area. My understanding is that it's the original electrician/gas technician (ie the one who installed the stuff) who's meant to take responsibility. If places were built some time ago - and have changed hands since - it may be impossible to find out...
by steveh
Fri May 30, 2008 4:22 pm
Forum: Property owners forum / Portugal living.
Topic: Rental laws
Replies: 4
Views: 998

Rental laws

Anyone know of any further developments with the renting legislation fiasco? Heard the authorities were 're-looking' at it but have heard nothing for months.
by steveh
Sun Apr 06, 2008 7:36 pm
Forum: Property owners forum / Portugal living.
Topic: 'Light wood' furniture?
Replies: 9
Views: 1829

Just to say thanks for all your suggestions. We're planning to have a good look round next week!