portugal or spain cant decide.
May 21st 2007, 6:54 am
#17
RETIRED ;-))
Joined: Jul 2003
Location: Benalmadena Pueblo,Spain
Posts: 20,156
Re: portugal or spain cant decide.
It is where you buy a house that is worth 100,000€ for 80,000 and pay 20,000 cash.
The seller just declares and pays taxes on the 80,000, this is alright if you get the same when you sell, if not you get stuffed for 20,000 extra capital gains tax on it.
Although allegedly illegal, it has been common practice in Spain for years.
The seller just declares and pays taxes on the 80,000, this is alright if you get the same when you sell, if not you get stuffed for 20,000 extra capital gains tax on it.
Although allegedly illegal, it has been common practice in Spain for years.
May 21st 2007, 10:16 am
#19
Just Joined
Joined: May 2007
Location: USA
Posts: 23
Re: portugal or spain cant decide.
there is no connection between liking the country and the temperature of the ocean, except for sarcastic people looking for attention. I know what beaches are 'cause living in the US, I have experience many beaches in the Americas...including the Caribbean. 
May 21st 2007, 11:16 am
#20
Forum Regular
Joined: May 2007
Posts: 57
Re: portugal or spain cant decide.
Manny
May 21st 2007, 12:12 pm
#21
Joined: Dec 2006
Posts: 5,359
Re: portugal or spain cant decide.
Hopefully this is correct, but it was still live and kicking this time last year, really hope this rearrangement of taxes sorts it out. We had to pay black money for our house in Spain, at the time of buying it was the norm and happened quite openly in the banks and notary office. When we sell we will loose out as we will not be asking for black money, it is best to get things sorted and to be as legal as legal can be.
May 21st 2007, 2:37 pm
#23
Forum Regular
Joined: May 2007
Posts: 57
Re: portugal or spain cant decide.
Hopefully this is correct, but it was still live and kicking this time last year, really hope this rearrangement of taxes sorts it out. We had to pay black money for our house in Spain, at the time of buying it was the norm and happened quite openly in the banks and notary office. When we sell we will loose out as we will not be asking for black money, it is best to get things sorted and to be as legal as legal can be.
I note you are from Spain which of course runs completely different laws to Portugal. I only know that the Portugese are hotting up big time on tax evasion.
Elaine
May 21st 2007, 2:46 pm
#24
Joined: Dec 2006
Posts: 5,359
Re: portugal or spain cant decide.
From experience in Portugal I can tell you this is correct and the tax man in Portugal decides if you have underdeclared.
I note you are from Spain which of course runs completely different laws to Portugal. I only know that the Portugese are hotting up big time on tax evasion.
Elaine
I note you are from Spain which of course runs completely different laws to Portugal. I only know that the Portugese are hotting up big time on tax evasion.
Elaine
Yes, I live in Spain at the moment, but my house is on the market as a move to PT is planned, have spotted a house near Tornada on the Silver Coast keeping exact location a secret in case that clerigogirl grabs it before I do.
If you don't mind me asking what are your plans?
May 21st 2007, 6:40 pm
#25
Forum Regular
Joined: May 2007
Posts: 57
Re: portugal or spain cant decide.
Yes, I live in Spain at the moment, but my house is on the market as a move to PT is planned, have spotted a house near Tornada on the Silver Coast keeping exact location a secret in case that clerigogirl grabs it before I do.
If you don't mind me asking what are your plans?
If you don't mind me asking what are your plans?
Yes built in VdT married to a Portugeezer will sell in the next couple of years to move north to Alentejo or around Obidos/Caldas area - we looked at Chiclana but my husband decided he really did not want to live in Spain in any shape or form.
Elaine
May 21st 2007, 6:58 pm
#26
Account Closed
Joined: Nov 2003
Posts: 8,266
Re: portugal or spain cant decide.
May 21st 2007, 10:21 pm
#27
Joined: Dec 2006
Posts: 5,359
Re: portugal or spain cant decide.
I have a friend who is also married to a portugeezer (great word) they have a holiday home in Portimao but will be selling up at the end of the year to go north to Alentejo where they hope to take early retirement (she does but he is still a bit young). Hey Obidos/Caldas we will be piratically neighbors
Tornanda is just outside Caldas on the way to Sao Martinho, my friends hubby wants to live in Spain but he said his Portuguese family would be over the boarder looking for
You are most probs on to a good thing, there are quite a few Brits wanting to move from Chiclana up into Portugal, Chiclana has a lot to offer in some aspects and can be a comfortable place to live if you have the money.
May 21st 2007, 11:23 pm
#28
Just Joined
Joined: May 2007
Location: USA
Posts: 23
Re: portugal or spain cant decide.
it is my understanding that houses that are bought in Portugal for less than 80,000 euros are not taxed by the government. Am I right?
coko
coko
May 22nd 2007, 8:06 am
#29
Forum Regular
Joined: May 2007
Posts: 57
Re: portugal or spain cant decide.
I have a friend who is also married to a portugeezer (great word) they have a holiday home in Portimao but will be selling up at the end of the year to go north to Alentejo where they hope to take early retirement (she does but he is still a bit young). Hey Obidos/Caldas we will be piratically neighbors Tornanda is just outside Caldas on the way to Sao Martinho, my friends hubby wants to live in Spain but he said his Portuguese family would be over the boarder looking for
You are most probs on to a good thing, there are quite a few Brits wanting to move from Chiclana up into Portugal, Chiclana has a lot to offer in some aspects and can be a comfortable place to live if you have the money.
Tornanda is just outside Caldas on the way to Sao Martinho, my friends hubby wants to live in Spain but he said his Portuguese family would be over the boarder looking forYou are most probs on to a good thing, there are quite a few Brits wanting to move from Chiclana up into Portugal, Chiclana has a lot to offer in some aspects and can be a comfortable place to live if you have the money.
Elaine
May 22nd 2007, 2:40 pm
#30
Joined: Apr 2006
Posts: 24,043
Re: portugal or spain cant decide.
