Recruitment

Legal and tax advice

Due to the great growth of the company, we are recruiting

Commercial Consultants, to strengthen our team.

Recruitment
Recruitment
Recruitment

Notary fees

Notary fees on Algarve property range from €200 to €400 depending on the purchase price; the 'notary' is the person who has the power to prepare the deed.

 

Property stamp duty

 

Stamp duty is 0.8% of the purchase price of the Algarve property. If you have a mortgage, you'll pay also this tax on the amount of the loan.

 

Property registration

 

Registering your purchase of a property in the Algarve usually costs €175 for each act at the property registration department (usually the purchase and the mortgage).

 

Solicitor fees

 

Solicitors usually charge 0.5% to 2% of the purchase price, depending on what the price of the Algarve property actually is.

 

Council tax

 

IMI - Imposto Municipal sobre Imóveis - is a Council Tax on property ownership. Any owner of a property located in the Algarve must pay this annual tax, which is calculated on the Valor Patrimonial (see above). IMI is a local tax, payable to the local council, and it will differ according to where in the Algarve your the property is located. It is normally between 0.2% and 0.5% of the Valor Patrimonial. IMT will be charged to the person who owns the Algarve property on the 31st December. The tax is paid to your legal representative, half in April and half in September

 

Income tax

 

If you wish to let out your Algarve property, non residents will pay 15% of the rental income in tax. Some expenses may be deducted, such as IMI tax for example.

 

Capital gains tax

 

When you sell a property in the Algarve for a higher price than you paid for it, you have to pay a tax on your capital gain. Your capital gain is the selling price minus the purchase price, less deductible expenses such as IMT tax, deed, stamp duty, registration and any agent commission. You'll pay 25% in tax on your capital gain in Portugal, but the definitive tax will be computed and due in the country where you have residence, usually deducting the amount of tax already paid in Portugal.

 

Due to the great growth of the company, we are recruiting Commercial Consultants, to strengthen our team.

Applicants must have the following profile:

  • Professional with or without business experience;
  • Excellent communication skills;
  • Commercial vocation and personal ambition;
  • I like teamwork;
  • Total availability;
  • Dynamic, organized, with a spirit of initiative;
  • Computer literacy from the user's perspective;


Apply now!

Notary fees

Notary fees on Algarve property range from €200 to €400 depending on the purchase price; the 'notary' is the person who has the power to prepare the deed.

 

Property stamp duty

 

Stamp duty is 0.8% of the purchase price of the Algarve property. If you have a mortgage, you'll pay also this tax on the amount of the loan.

 

Property registration

 

Registering your purchase of a property in the Algarve usually costs €175 for each act at the property registration department (usually the purchase and the mortgage).

 

Solicitor fees

 

Solicitors usually charge 0.5% to 2% of the purchase price, depending on what the price of the Algarve property actually is.

 

Council tax

 

IMI - Imposto Municipal sobre Imóveis - is a Council Tax on property ownership. Any owner of a property located in the Algarve must pay this annual tax, which is calculated on the Valor Patrimonial (see above). IMI is a local tax, payable to the local council, and it will differ according to where in the Algarve your the property is located. It is normally between 0.2% and 0.5% of the Valor Patrimonial. IMT will be charged to the person who owns the Algarve property on the 31st December. The tax is paid to your legal representative, half in April and half in September

 

Income tax

 

If you wish to let out your Algarve property, non residents will pay 15% of the rental income in tax. Some expenses may be deducted, such as IMI tax for example.

 

Capital gains tax

 

When you sell a property in the Algarve for a higher price than you paid for it, you have to pay a tax on your capital gain. Your capital gain is the selling price minus the purchase price, less deductible expenses such as IMT tax, deed, stamp duty, registration and any agent commission. You'll pay 25% in tax on your capital gain in Portugal, but the definitive tax will be computed and due in the country where you have residence, usually deducting the amount of tax already paid in Portugal.

 

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