Categories: Taxation

The French rush to Portugal is confirmed

<h4>In just a few years, the country has become one of the favorite destinations of French expatriates&amp;period; As a result, prices are skyrocketing in Lisbon and the Algarve&amp;period;<&sol;h4>&amp;NewLine;<h2>The French rush to Portugal is confirmed<&sol;h2>&amp;NewLine;<p>The French are today&amp;rsquo&amp;semi;the leading foreign investors in Portuguese real estate&amp;comma; downgrading for the second year running&amp;comma; the British and the Chinese&amp;period; Thus nearly 30 &amp;percnt; of properties purchased by non-Portuguese buyers were acquired by French buyers in 2017&amp;comma; according to the&amp;rsquo&amp;semi;association of Portuguese real estate professionals&amp;period; They are especially attracted to Lisbon and the&amp;rsquo&amp;semi;Algarve region in the south of the country&amp;period;<&sol;p>&amp;NewLine;<p>In four years&amp;comma; the number of French nationals living in Portugal has more than quintupled to 50,000&amp;lpar;compared with a few thousand in 2013&amp;rpar;&amp;comma; including 80&amp;percnt; retirees&amp;comma; according to the Franco-Portuguese Chamber of Commerce and Industry &amp;lpar;CCIFP&amp;rpar;&amp;period; There has also been a surge in the number of French nationals living in Portugal.<em>prices since the implementation of this <a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;kit-expatriation-portugal&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">tax measure<&sol;a> and the arrival of new residents&amp;period; However, they are still measured&amp; as Portugal did not experience a speculative bubble in the 2000s like France&amp;period;".<&sol;em><&sol;p>&amp;NewLine;<h2>Climate&amp;comma; safety and quality of life<&sol;h2>&amp;NewLine;<p>In addition to the climate&amp;comma; safety and quality of life&amp;comma; it is in particular the tax measures voted in Portugal in January 2013 that continue to&amp;rsquo&amp;semi;attract foreign buyers&amp;period; Thus&amp;comma; thanks to the <a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;regime-fiscal-du-resident-non-habituel&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">RNH status &amp;lpar;non-habitual resident&amp;rpar;<&sol;a>Retired expatriates are tax-exempt for ten years, provided they spend at least 183 days a year in the country and have not been a tax resident for the last five years;<&sol;p>&amp;NewLine;<p>On average, French people invest between €200,000 and €250,000 to buy a home&amp;period; At this price&amp;comma; you can get a beautiful 100 to 150 m² house&amp;comma; close to the sea and the town center&amp;period; Homes costing between €300,000 and €350,000 are also very much in demand&amp;period; And for a budget of between €750,000 and €1 million&amp;comma; you can acquire a luxurious 300 m² residence&amp;comma; close to the sea&amp;period;<&sol;p>&amp;NewLine;<h2>Retirees are in demand&amp;&amp;num;8230&amp;semi;<&sol;h2>&amp;NewLine;<p>A highly attractive measure aimed at retirees&amp;comma; Portugal has no IFI &amp;lpar;property wealth tax&amp;rpar; nor inheritance tax&amp;period; 80 &amp;percnt; private-sector retirees&amp;comma; but also self-employed professionals &amp;lpar;entrepreneurs &amp;comma; technicians&amp;comma; architects&amp;comma; engineers&amp;comma; artists&amp;comma; health professionals&amp;comma; etc&amp;period;&amp;rpar;&amp;comma; status<a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;kit-expatriation-portugal&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener"> RNH<&sol;a> allowing them to be taxed at only 20 &amp;percnt; on income generated and received in Portugal&amp;period;<&sol;p>&amp;NewLine;<p>With regard to inheritance taxation&amp;comma; gratuitous transfers by death or gift are exempt from stamp duty&amp;period; this applies to descendants or ascendants and married people&amp;period; however, this exemption does not apply to real estate located in Portugal&amp;period;<&sol;p>&amp;NewLine;<blockquote>&amp;NewLine;<h4><a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;guide-immobilier-portugal&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">Buy with peace of mind even without a real estate agency&amp;comma; with the help of our real estate guide<&sol;a><&sol;h4>&amp;NewLine;<&sol;blockquote>&amp;NewLine;

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