Tuesday, 15 April 2014 08:08
AFPOP and euroFINESCO announced their upcoming seminar: "Income from Portuguese Property: Holidays Lets, Long-term Rentals and Property Managers".
While Portuguese tax rates have increased on many forms of income, recent changes in legislation have opened a fully compliant strategy that can dramatically reduce tax assessment on short-term lets to holidaymakers as well as levies on Property Managers. Rather than paying a minimum of 28% as in conventional rentals, tax on Local Lodging can be less than 4%. Even better, Property Managers can now pay less than 1%.
afpop and euroFINESCO will be presenting the information at a seminar which will cover:
- Distinction between Local Lodging holiday lets and long-term rentals
- A comprehensive overview of compliance requirements
- The appropriate role of Property Managers
- How to maximise occupancy and still pay the legal minimum in tax
The seminar will take place at the Conrad Algarve Hotel (opposite Quinta Shopping), Quinta do Lago, Almancil on Wednesday 7th May. Coffee and registration will start at 10.15 and the seminar will commence at 11am ending at 12.45.
Bookings should be made in advance via the afpop office – Telephone 282 458 509 or e-mail email@example.com. The seminar is open to all at a cost of 15 euros per person (payable on the day) but is free of charge to afpop Members and to euroFINESCO clients and invited guests.