Anyone who owns a house, land or any other property must be aware of the deadlines for payment of the Municipal Property Tax (IMI). The date to pay the IMI started on May 1 and may extend until November for those who pay tax over 500 euros.

Lagoa has joined the 5 existing Algarve municipalities charging tourist tax, as of April 13th, reportedly to "allow improvements to be made to municipal public and private assets". Find out more about it!

If you're thinking about moving to Portugal or getting residency there, you've probably heard of the D7 visa and the Portugal Golden Visa. D7, also known as passive income visa, is aimed mostly at retirees and persons who rely on their own passive income and desire to reside in Portugal full-time. Portugal Golden Visa, on the other hand, is an investment-based road to residency that does not need you to live in Portugal for the majority of the year.

If you have sold or are thinking of selling your home, learn how to minimize capital gains payments and how to declare them in your IRS. Although the general rule is exemption from capital gains taxation, if there is an investment in a new home, there are exceptions and ways to minimize the payment of capital gains. Get to know them and remember that their payment does not occur only after the sale of a property, according to Caixa Geral de Depósitos.

What you need to know about the new rules introduced by the Portuguese State Budget for 2023! If you live in Portugal and own Portuguese property or other assets, you may face capital gains tax in Portugal and the UK, depending on your Portugal residency status. When it comes to taxation in Portugal, it seems a bit complicated at first, but if you have the right people handling it, there is no problem. Portugal is an excellent country to buy a property or invest in the real estate market, with attractive returns on investment and many desirable locations on offer to choose from.