Capital Gains on Property Sales in Portugal: Key Changes to IRS Exemptions
In the ever-evolving landscape of Portugal’s real estate market, understanding the nuances of capital gains taxes is crucial for homeowners and investors alike. Recently, the Portuguese Government has introduced significant amendments to the IRS exemption rules for capital gains on property sales, a move that could profoundly impact your real estate decisions in the Algarve. […]
Portugal’s Tax Revolution: The End of NHR Benefits for New Residents in 2024
In a recent announcement that has garnered attention both locally and internationally, Portugal’s Prime Minister, António Costa, declared the impending end of the special tax relief for new Non-Habitual Residents (NHR) in 2024. This decision marks a significant shift in Portugal’s taxation policy and has raised questions about its impact on foreign residents, real estate, and the […]
8 Benefits to Owning a Luxury Second Home in The Algarve
Owning a Luxury Home in the Algarve What aspects of a country, city or region help us determine whether we should, or if it is wise, to invest in the real estate market? Specifically when the purchase is for a permanent residence or second home? For the past 40 years, the Algarve has been a […]
Investors Looking for the Golden Visa
Portugal Golden Visa: Updates 2021 In October 2012 the Portuguese Government introduced the Golden Visa scheme, a residency program which has since attracted more than €5.7 billion of direct foreign investment into Portugal. With the aim of attracting High Net Worth Individuals (HNWIs) to the country, the Golden Visa offers a a residency visa for […]