On 1 January the UK fully left the EU, bringing an end to over four decades of automatic freedom of movement for UK nationals. While this is a big change, Britons have chosen to visit and make their home in Portugal long before the UK joined the EU and will continue to do so after Brexit. And, of course, Portugal will continue to welcome UK citizens, albeit under different rules. So how do things work now, and is there anything you need to do to continue enjoying time in Portugal?
Do you need advice when selling your home in the Algarve? Please contact our real estate agency. We have extensive experience in the region.
The energy certificate is obliged to have when selling property in Portugal
In preparation for Brexit, most UK expatriates in Portugal have secured residence or put plans in place to settle before the transition period ends in December. But the planning shouldn’t end there, especially if you still have assets and investments in the UK. Brexit itself will not affect the double tax agreements that determine which country has the right to tax expatriates. However, two key changes are set to happen from 2021 that may change your tax treatment.
What are the applicable IMT rates and how is the IMT calculated? Which changes have been approved in 2020 and who is responsible to pay the IMT? Read all the information about this property transfer tax in this article.
Portugal gets ready for summer tourists with restaurants opening doors in May & hotels by end of June. The second phase of gradually opening the economy and social life has started on May 18 and as the effects of the pandemic in Portugal has maintained its downward curve after lifted measures in phase 1, it's strengthening confidence and certainty in entering the second phase and likewise those proposed for the subsequent phases.
At a time when the recovery of the sector is being prepared, tourism enterprises, tourist entertainment companies and travel agencies can now request the declaration as a “Clean & Safe” Establishment.
Forbes published an article that included the top 3 destinations in the world to live and retire after COVID-19. They wrote: "The experience of this challenging period will give us a strengthened and perhaps reinvented understanding of what is most important in life." This situation gives new perspectives and shows that we should not delay choices, but must choose quality of life now." And do you know which location they considered to be the number one place in the world to retire or move to for a better lifestyle? Correct, the Algarve.
When selling your property in Portugal it is best to decide in advance how you wish to receive the proceeds of your house sale. Know exactly which amount you will receive in your home currency.
You’ve bought a house in the perfect location in Portugal, but you’re not yet fully proficient in the Portuguese language, and perhaps your new home is situated somewhere a bit more remote. It’s nice and quiet, but what if you suddenly need medical assistance? IMERGENCIES will be there for you.
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