assumed rental income...?
Apr 24th 2018, 7:57 pm
#1
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Joined: Apr 2018
Posts: 4
assumed rental income...?
Consider the situation......bottom dollar property in PT owned by Brit who maintains resident status in UK.....holiday home situation you could say.
Does this situation attract any tax liability as a result of some 'assumed rental income'......even though there is not in fact any such income ?
Does this situation attract any tax liability as a result of some 'assumed rental income'......even though there is not in fact any such income ?
Apr 24th 2018, 9:56 pm
#2
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Joined: Jul 2009
Posts: 1,836
Re: assumed rental income...?
The only yearly tax on the ownership of a property in Portugal is IMI (Imposto Municipal sobre Imóveis) which is equivalent to local authority rates.
Of course, any income from rental of the property is taxable in Portugal, as well as in your country of tax-residence.
Of course, any income from rental of the property is taxable in Portugal, as well as in your country of tax-residence.
Apr 25th 2018, 10:26 am
#3
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Re: assumed rental income...?
thank you RH for that reply.
