Categories: Taxation

Real estate the assets of Portugal

<h4 class&equals;"p1"><span class&equals;"s1"><i>Young working people and retirees are no longer hesitating to settle in Portugal&amp;period; which has been kind to them in terms of taxation&amp;period;<&sol;i><&sol;span><&sol;h4>&amp;NewLine;<p class&equals;"p1"><span class&equals;"s1">The French have become the champions of Lusitanian real estate&amp;period; Au 1<&sol;span><span class&equals;"s2">er<&sol;span><span class&equals;"s1"> quarter 2016&amp;comma; according to the agency Maison au Portugal&amp;comma; 25 &amp;percnt; of the <span class&equals;"s3">housing<&sol;span> purchased by foreigners in Portugal were acquired by French buyers in the first quarter of 2016&amp;period; There is no shortage of motivations&amp;period; A secure living environment and temperate climate just 2 hours by plane from Paris or major French cities&amp;comma; A lower standard of living than in France and property prices that are much more attractive than in France...&amp;period;<&sol;span><&sol;p>&amp;NewLine;<p class&equals;"p1"><span class&equals;"s1">According to the Barnes&amp;comma network, prices vary between <strong>1,800 €&amp;sol;m² to 5,100 €&amp;sol;m²<&sol;strong> depending on the type of property&amp;comma; its location and condition&amp;comma; with exceptional properties coming in at close to <strong>10,000 €&amp;floor;sqm<&sol;strong>&amp;period; "In Lisbon&amp;comma; old buildings for renovation range from €1,500 to €2,000&amp;sol;m²&amp;comma; says Geoffroy Moreno&amp;comma; a specialist in renovation&amp;period; After renovation&amp;comma; high-end residences are offered for sale between €4,600&amp;sol;m² and €8,000&amp;sol;m²"&amp;period;<&sol;span><&sol;p>&amp;NewLine;<p class&equals;"p1"><span class&equals;"s1">Cherry on the <i>pastéis de nata<&sol;i>since 1<&sol;span><span class&equals;"s2">er<&sol;span><span class&equals;"s1"> January 2013&amp;comma; under pressure from the European Troika, which called for greater liberalization of its markets following the 2011 financial crisis&amp;comma; Portugal has introduced a lighter tax system to attract foreign investors&amp;colon; the "golden visa" for foreigners from outside the European Union and the <a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;kit-expatriation&sol;">non-habitual resident regime<&sol;a> for European nationals&amp;comma; which allows them to be exempt from income tax for 10 years&amp;period;<&sol;span><&sol;p>&amp;NewLine;<p class&equals;"p1"><span class&equals;"s1">As a result&amp;comma; from France&amp;comma; the country sees an influx of mainly retired people&amp;comma; or expatriate couples in their thirties&amp;period; Q<a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;creer-son-entreprise-au-portugal&sol;">o create their own business<&sol;a>In all, around 25,000 French people have succumbed to the sweetness of life in Lisbon in recent years&amp;period;<&sol;span><&sol;p>&amp;NewLine;<h4 class&equals;"p5"><span class&equals;"s3">Go to<&sol;span><&sol;h4>&amp;NewLine;<p class&equals;"p1">Any departure must be prepared in advance to avoid administrative and tax pitfalls&amp;period; Thus&amp;comma; it should not be forgotten&amp;comma; for retirees&amp;comma; that only private sector pensions are tax-exempt&amp;comma; not those resulting from a career in the public sector&amp;period;&amp;nbsp&amp;semi;<span class&equals;"s1">Similarly, rental income from property located in France will be taxed in France&amp;period;<&sol;span> To benefit from <a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;confiez-nous-votre-expatriation&sol;">Portuguese tax benefits<&sol;a>You must have your main residence in Portugal and live there for more than 183 days a year&amp;period; "The tax authorities can check whether the center of a person's economic interests is located in Portugal. <span class&equals;"s3">Portugal<&sol;span>"&amp;period;<&sol;p>&amp;NewLine;

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