Landlords taking out comprehensive insurance cover for rental properties cannot offset the costs against their taxes. Only obligatory insurance is tax-deductible against income for IRS. The rules [...]
The number of property and goods seizures by Portuguese tax authority bailiffs are falling thanks to the continuing robustness of the economy. From January to November 2018, 16,073 properties [...]
A new law which will reduce income tax rates for single persons with property to rent, creating tax breaks for those wanting to build housing to rent out at affordable rents, has been passed by [...]
Tax payers earning €653 per month or less will not pay income tax from next year. The tax deductible amount will rise from €428.9. It means that those with an annual net income of up to €9,150.96 [...]
