Blog - Algarve properties - Quinta do Lago and Vale do Lobo - A1 Algarve Real Estate

Q&A NEW CONSTRUCTION LICENSING RULES IN PORTUGAL

Q – Which constructions are exempt from licensing? A – Buildings that add extra floors to their existing structure are exempt from obtaining a license if the building’s exterior remains unchanged. This rule applies to...

THE SIMPLEX IN SIMPLE WORDS

A new legislation for building permits, called Simplex, came into effect beginning of 2024. The law brings about several changes in housing, ranging from bureaucratic simplification to land reclassification and the appearance of houses themselves....

New Opportunities For The Algarve From June 2024

United Airlines will launch the first non-stop route between New York/Newark and Faro, bringing Portugal and the United States closer from June 2024. The airline will operate four flights a week between Ponta Delgada in...

Changes To Capital Gains Tax From Real Estate In 2024

The government has made changes to the way capital gains on real estate are taxed. These changes are effective from October 2023 and relate to the conditions for tax exemption. In this article, we will...

Water prices in the Algarve are set to increase by 15% to 50% starting from March 2024

Water tariffs in the Algarve will rise by 15% to 50% from March 2024. Municipalities are required to reduce water consumption by 15%, and fines will be applied for excessive use. The first tier of...

The second golf course in Monte Rei can only continue to develop if it is irrigated with treated water

The Monte Rei luxury golf resort in Algarve is planning to expand by adding a second 18-hole Jack Nicklaus golf course. However, the expansion project can only proceed if it uses treated wastewater for irrigation....

Transitional Tax Regime for NHR

We want to let you know that the State Budget Law for 2024 has repealed the tax regime for Non-Habitual Residents (NHR) as of November 29th, 2023. However, there is a transitional provision in place...

NHR UPDATE

Just a quick reminder that if you’re planning to apply for NHR tax status, you’ll need to prove your intent before the December 2023 deadline. Don’t miss out on this opportunity to potentially save on...

Non-Habitual Residence (NHR) in Portugal: Last Chance to Secure Tax Advantages

For those seeking a favorable tax environment and a luxurious lifestyle, Portugal has long been a sought-after destination. The Non-Habitual Residence (NHR) program, introduced by the Portuguese government, has been a key attraction for individuals...

Who is exempt from capital gains tax?

The exemption from the payment of capital gains tax automatically applies to the sale of houses purchased before 1989. Please note that these cases only apply to those who actually bought the house before 1989....