Pistolpete2

Been watching the Portugal section intently as Brits struggle to come to terms with the need to get or not get residence, tax residence and some sort of counter to the 90 in 180 days allowance in the EU, post Brexit.

It just sprung to mind that IF one got a committed, of a similar-minded, OTHER party to go in on a property on a joint basis one could maybe deal with the 90 in 180 on a more efficient basis while perhaps NOT having to worry about tax residence or residence and it would create some certainty. The share in the Algarve would seem to work with the calendar set as - first party Dec - Feb, June - Aug, second party Mar - May, Sept - Nov - seems equitable in terms of seasonal value though the June-Aug bit might need to move a bit, so everything else would slightly. Would need a property service agreement. What issues could one come up against, apart from the obvious?

Moses2013

I don't understand and a timeshare wouldn't change the tax/residence regulations?

Pistolpete2

I thought that I ticked the boxes. It's not your main home - you would have nothing there when not there and you would have a home elsewhere and be resident for tax elsewhere, less than six months in the year and you would still qualify for the NHS, if that was a pre-requisite. No need for a visa. It's basically a FULLY-UTILISED holiday home, to squeeze every drop out of your 90 in 180 allowance because the certainty of it being at your disposal for a given period allows that. A bit of back-up storage might help, to keep personal items, when not there.

Moses2013

The obvious would be that you have even less flexibility with a timeshare and the 90 in 180 remains. Surely you'd then be better off buying something for yourself, or maybe just rent.
All that would be is that you have a fixed date to go on holiday but that could be done without another joint party.

riv

What are you seeking to achieve exactly with your time share arrangement ?

On the subject of the 90 days in 180 business..........I have yet to see the wording of the law ( is it an EU law or a Portuguese one or both ? ) which rules out back to backing two periods of 90 days.

EG, if one stays in Portugal for a ninety day period commencing 1st April, and then when those ninety days expire, one stays ( ie cntinues to stay, without departing the jurisdiction ) for a second period of ninety days, commencing around the last week in June, and ending around the last week of September, where is it laid down that one cannot attribute the first ninety days period to the 180 days commencing at the start of January, and the second period of 90 days to the 180 days ending around the last week of December ?

Everyone states that the rules do not permit of this , but as yet I have not seen the wording of the statute which spells the rules out in black and white.

Pistolpete2

All the things one would normally expect to achieve by buying a freehold property in a chosen area in the Algarve, as a non-resident, non-taxpayer - so it seems.

BUT now that the UK has left the EU we have the 90 in 180 restriction and airbnb-type and traditional rental arrangements are not ideal, particularly in season when they can be very expensive and some guy comes along and plonks a three day booking right in the middle of your desired time spot.

Who is going to rent you a decent property in season at a reasonable rent for three months? The time splits give each buyer decent enough timeframes to work for summer holidays and snowbirding (in a normal Algarve winter, not the last).

This gives you just less than six months a year usage IF that is what you want and the timeframes are known so you can make plans both in PT and back at home, which you might let out or might not.

It's a way to max out PT without having to take care of an empty property when not there and for roughly half the investment cost.

Possibly, another way to do it is to rent for the entire year(s) with a landlord and then agree to split the lease between the two named tenants BUT is there the supply of properties of the quality one would look to buy, in the rental market? And is there the security?

Moses2013

https://ec.europa.eu/home-affairs/si..._manual_en.pdf