People don't seem to talk about the IMI tax exemption, but we knew about it and our realtor applied for it for us...3 years zero property tax! ❤Portugal 🇵🇹
Thank you for the good detail. I have a question regarding the rental income tax as a non-EU Citizen at 28%. Somebody else in a video says that the taxes on the rental profit, and you can deduct all expenses including the mortgage , travel to Portugal to manage, etc so that the annual tax on rental income net of expenses at 28% is not that high. Can you confirm that this is the case and not a 28% tax on gross rental revenue?
28% of rental income net. This is correct if you rent the property as an individual. 22.5% would be the rental tax that you pay if you rent as a company Hope this helps, AVB
People don't seem to talk about the IMI tax exemption, but we knew about it and our realtor applied for it for us...3 years zero property tax! ❤Portugal 🇵🇹
How about capital gain tax percentage to pay for the sale of a property abroad?
The IMI in Portugal for black listed countries company it’s 7,5% not 0,7%
Thank you 🙏
Compared to the U.K. these taxes and costs seem to be really high!!
On the contrary, they are very low.
Thank you for the good detail. I have a question regarding the rental income tax as a non-EU Citizen at 28%. Somebody else in a video says that the taxes on the rental profit, and you can deduct all expenses including the mortgage , travel to Portugal to manage, etc so that the annual tax on rental income net of expenses at 28% is not that high. Can you confirm that this is the case and not a 28% tax on gross rental revenue?
28% of rental income net. This is correct if you rent the property as an individual.
22.5% would be the rental tax that you pay if you rent as a company
Hope this helps, AVB
@@AlexandraVictoriaBonte thank you !
Who is going to rent his property for 20 years ??? So dumb to even say that....