Geoff, In my opinion the most sensible thing you can do is stay here in the UK. I expect your flight will be cancelled anyway within the next few days. Your travel insurance will be null & void due to the Foreign Office warnings and you are endangering your life and other people's by going to the ai...

Thanks Dave .

Having searched the forum there appears to be very little recent information on builders.

If any of you know of a good builder in the Sesmarias area (Lagoa, Carvoeiro, Parchal, Estombar) please can you share their contact details ?

Hi Richard, Do you have any experience of completing your own IVA return or is this only possible through a licensed accountant? I have been registered as a business since 2014 and my accountant has only claimed a refund once despite breaching the €3000 threshold and obviously the elapsed time rule ...

Hi Keith,

Please can you copy me too.


Regards

Widge

Use the private message facility here rather than publish email addresses

Hi Keith,

Please can you copy me too.


Regards

Widge

We are very fortunate to live in the municipality of Lagoa as the stringent planning regulations historically adopted by the Camara are designed to protect us from the over development and high rise monstrosities we see in places like Portimao and Albufeira. However, are we beginning to see a few cr...

Merry Christmas to one & all Can anybody tell me where I can get the "Caderneta predial" for my property I believe it is the registration document that proves that you own the property. Which I think allows you to see is there is any mortgage or charge on the property as i am wanting to pay off the...

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If all the rental invoices are issued to the same entity (resort) the Tax Authority might consider this income as Long Term letting rather than short term. I can't imagine circumstances whereby your managing agent or resort owner wouldn't agree to invoice the guest ? Especially if you (the customer...

Long-term property lets (usually having a rental contract between landlord and tenant) are included in Category F and are reported on “Anexo F” in the second filing period in May. This activity is different from short-term holiday lets which are seen as a business called “Local Lodging” and reported...

8.75% tax on your total rental income seems very reasonable to me !

Income tax & IVA are more than double this.

How old is your villa ? When I had mine tested (built c.1995) for the electrical certificate I was informed that none of the sockets met the latest safety regulations. Replacing every socket was an expensive and unexpected exercise.

Hi Shaz1967,

6 weeks at £500 = £3,000 which is presently about €3,300. Tax payable is 8.75% = €289.

Hope that helps.

When registering it is possible to opt for one of two tax regimes: the Simplified Regime or the Organized Accounting Regime. Under the former, the record keeping is simpler. One is taxed on 35% of the total rentals received, with no allowable deductions. If you are non resident, the tax rate is 25%,...