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Troika Portugal has defined a calendar of general tax measures to be implemented during the next 3 years and the IMI Property Tax (municipal annual rates on Property) has not been excluded. Property owners can expect to pay more and in specific cases
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The new IMT Tax Table is applicable to all property transactions in Madeira Island - effective 1st January 2011. Prior to making an offer on a property in Madeira, it is important to take into account all the extra costs that are necessary to pay over
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Non-resident property owners in Madeira Island, Portugal who rent out their property to help cover expenses or make a profit are now obliged, by law, to obtain a proper licence called "Local Lodging" (Alojamentos Local) and declare their income
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This charming cottage in Calheta , Madeira Island is new on the market. Ideally suited to those wanting to temporarily reside in Madeira and derive an income from holiday rental for the remaining months. Present owners currently average €2500 per
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House prices in Madeira Island, Portugal are currently being affected and on a downward trend. According to the latest INE statistics - which are based on the most recent bank property valuations, the average banking home evaluation has shown a downfall
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Approximately 9 million Europeans are taking advantage of their European Union Citizenship's free movement rights by living outside of their home country. There are about 450 000 international successions each year in the EU; this represents more
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In an effort to improve Europeans' financial education, the European commission created a site which is available in 21 languages. The sole purpose of this site is to inform European citizens about their legal rights and by so doing, helping them
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This upmarket quinta , like many upmarket properties in Madeira has been on the market for some time. The seller has recently instructed us to reduce the asking price by over 50% of the original asking price. Ideally located and within walking distance
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Madeira Island, the hidden treasure in the middle of the Atlantic Ocean made global front line news on the 20 th of February this year. The devastating series of mudslides and floods which ravaged the island although only striking 2% of the territory
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This Calheta Vila is located at an altitude of approx. 300m above sea level and benefits from the best climate on the island. The 600m2 plot has enough space to add a pool and develop your own vegetable garden! Present basic running costs on this freehold
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