Tax hike for non residents

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kteee
Posts: 417
Joined: Mon Sep 20, 2004 6:44 am
Location: Algarve

Tax hike for non residents

Post by kteee »

Apparently the tax on rental income for non-residents will go up from 16% to 28% next year
Armacao lover
Posts: 28
Joined: Sat Dec 03, 2011 8:50 am
Location: Portugal
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Re: Tax hike for non residents

Post by Armacao lover »

kteee wrote:Apparently the tax on rental income for non-residents will go up from 16% to 28% next year
Yes,
It is the people who do the right thing, get a license, declare income that suffer. There are so many owners who that don't and their prices are cheaper. As I am licensed I need to clean & change linen after 7 days so 9 & 10 day lettings carry more costs & now I have to allow for extra tax.
Utilities are due to rise yet again.Is it worth it. :(
kteee
Posts: 417
Joined: Mon Sep 20, 2004 6:44 am
Location: Algarve

Post by kteee »

I think a lot of non-resident owners will be thinking the same thing!
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