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Summer Events 2026 Not to Miss in the Algarve
Summer Events 2026 Not to Miss in the Algarve

Jul 23, 2026 What's On

Discover some of the Algarve’s most exciting events—from vibrant local traditions to lively festivals, delicious regional cuisine and unforgettable performances beneath the stars.

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Contract assignment may bring forward IMT payment in Portugal
Contract assignment may bring forward IMT payment in Portugal

Jul 9, 2026 Legislation

A contract assignment in a PC (Promissory contract) may require IMT ( Municipal Property Transfer Tax) to be paid before the deed. Learn when the tax applies.

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Market of Cultures... by Candlelight
Market of Cultures... by Candlelight

Jun 25, 2026 What's On

Save the date and Step into a magical atmosphere as the historic centre of Lagoa is illuminated by thousands of candles during the Market of Cultures... by Candlelight. Enjoy live music, cultural performances, artisan crafts and delicious international cuisine in one of the Algarve's most enchanting summer events.

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Taxes for residents and non-residents when buying property in Portugal
Taxes for residents and non-residents when buying property in Portugal

Aug 17, 2022 Economy

The difference between buying a house in Portugal being a resident or not depends on the purpose of the house. If you buy a house to live in Portugal, you are buying a permanent home and are a resident, but if you do not live in Portugal and you buy property there it will count as a second home. This affects the property taxes you’ll have to pay.

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Portugal’s New 7.5% IMT Law – Non-Resident Property Buyers Need to Know
Portugal’s New 7.5% IMT Law – Non-Resident Property Buyers Need to Know

May 28, 2026 Legislation

Article 17 of the IMT Code establishes that the purchase of properties intended exclusively for residential use by non-residents is subject to a fixed IMT rate of 7.5%, with no access to tax exemptions or reductions. However, the standard IMT rates may apply if the buyer becomes a tax resident in Portugal within two years of the acquisition or places the property under an affordable rental scheme in accordance with the legal requirements. In these cases, the buyer may request a refund of the difference in tax paid from the Portuguese Tax Authority.

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