Buying in Portugal

There are lots of articles, books and guides to buying a property in Portugal. However as well as reading all we can we would like to speak to as many people who have actually done it as possible.

I don’t think buying any property should be entered into lightly or done without research and more research, so if you are buying in a different country then you need to be even more aware of the process and the pitfalls.

After reading this article featured on MSN I was surprised to see that if you are a Portuguese resident then you are liable to up to 40% tax on any income received from rental property in Portugal. I say surprised because this is something that we had missed in all our readings so far!
You would be considered a resident if you spent over 183 days a year living there.

As owning rentals properties in the UK and in Portugal is part of our goal, we now need to do more research about the tax implications.