How do you fancy 10 years Tax Free Pension when you purchase a home in the sunny Algarve? This is one of the possibilities of the Non-Habitual Tax Regime!
On 23rd September 2009 (under Decree Law 249/2009) Portugal introduced a tax system relating to Personal Income Tax that Diamond Properties Algarve has seen increasingly attracts people to invest in property in the Algarve. One of the main benefits that you will find appealing is the pension schemes granted abroad for those fulfuling the applicable requirements. It is available for citizens meeting certain conditions, as best explained by the Finance Department in Portugal themselves, who issued a detailed booklet in English, Portuguese and French.
Most of our clients are Expats from the UK, Ireland and throughout Europe, looking to buy a property abroad in Portugal, many wish to benefit from Portugal's tax scheme, particularly relating to pensions. Our clients find a property they wish to buy from Diamond Properties Algarve and before formally proceeding with the purchase, we put you in touch with a choice of reputable English speaking Portuguese Lawyers, Wealth Experts and Tax Specialists here in the Algarve, who are professionals in this specific field. We have found this scheme has had a very positive impact on international economic relations in which our real estate industry, and our company, has a significant role, with increased demand to purchase properties from homeowners abroad.
Keeping this transparent and non-objective, we thought you would like to read it for yourself, direct from the source's website.
If you are looking to purchase a property in the Algarve, register with us detailing your criteria and we will shortlist some suitable properties for you to view and arrange for you to have an informal chat with one of our experts. We will gladly give you a guided tour of the area, answer any questions about the lifestyle you hope to achieve and escort you to properties that match your requirements.
We work directly with the property owners so already have the paperwork, we personally visit each property, meet every owner and take all the professional photos. We know the area, properties and owners very well.
We are available throughout your property journey. As like most of our owners who do not live here permanently, we are able to assist you with caring for your property with our Property Management Service, so once we hand you the key to your newly purchased property, you hand the key right back to us to look after it for you!
We look forward to helping you find your dream property in the sunny Algarve.