To submit a meter reading online using the new Smart Meters installed by EDP Distribuição you will be asked to provide three different values under the headings VAZIO,  PONTA and CHEIA. 

These three values can be distinguished by using the codes displayed dire...

If you rent out your holiday home, guest passport details and check in/out dates must be recorded and sent to SEF (Portuguese Immigration and Border Control). This can be done easily online for free and takes just minutes.

In the case of a family travelling together, th...

If you own property in Portugal you will be liable to pay Property Tax, or 'IMI' (‘Imposto Municipal sobre Imóveis’). IMI is based on the registered tax value of the property, not to be confused with the sale price.

The registered owners of the property as of the 3...

As property managers based in the Albufeira, one of the most frequently asked questions we receive is regarding the ACTUAL cost of owning property here in the Algarve.

Although expenses can vary drastically, the following information is based on the absolute minimum amo...

What is Renting by Owner?

Thousands of owners across the Algarve choose to Rent by Owner. This is where the owner takes on some of the management duties involved in renting out their holiday home, whilst letting a property manager take care of things on the ground.

Advan...

Tax Obligations for Residents and Non-Residents

If you own property in Portugal and plan to rent it out as holiday accommodation to paying guests, you are required by Portuguese law to declare your rental income - whether you are resident here or not.

You will have to re...

If you rent out your holiday home in Portugal, you are required by Portuguese law to declare your rental income - whether you are resident in Portugal or not.

Declaring holiday rental income is done by filing a Portuguese tax return. This can only be done online, betwee...

Annex H of the IRS is where you can declare individual or household expenses for health, education, household expenses and real estate.

This is made easier by the e-invoice system ('e-Fatura'), which automatically collects any relevant expenses (providing you supply you...

If you earn income from renting out your holiday home in Portugal, you are required to declare your income to the Portuguese tax authorities.  This means filing a Portuguese tax return each year.

To find out how to fill in the cover sheet, click here.

Below is a step by...

Filling out Annex SS of the IRS tax return is obligatory, even if you don't pay into the Portuguese Social Security scheme, there are only a few exemptions such as for self-employed individuals who work in Portugal on a temporary basis and who prove that they are in a...