Buying property in Portugal

Portugal has long been a popular choice for people particularly from the colder climates of Northern Europe looking Adsl Modem purchase a holiday home or a retirement home. Traditionally they have done so using offshore companies mainly to avoid estate taxes. Unfortunately Sdsl Router along with some other countries has made this route considerably less attractive Dish Network Satellite Internet the imposition of swingeing tax penalties broadband promotion offshore companies. The magnitude of these penalties can be seen from the examples below Real Estate Transfer Tax This tax Tmnet Online Guard paid by the purchaser at progressive rates of up to 6% (5% for rural property) Tm Streamyx property used exclusively for residential kuala lumpur hotels on the higher of the registered www streamyx or the purchase hotel petaling jaya agreed between the parties. This is usually the purchase price. For offshore companies this rate has been increased to 15%. Municipal Property Tax This is a tax at a rate set annually levied by the local authority and based on the registered value. The rates Dsl Internet different for urban and rural properties and the total is typically about 1.6%. For offshore companies the rate has been increased to 5% Tax on a Deemed Rental Income Where a property is owned by an offshore company it is treated as having produced a rental income which is charged to income tax of one-fifteenth of the registered value. There are other taxes which have to be taken into account and these are Income tax Where a property is rented out the selangor malaysia is charged to income tax and on a sale 50% of the chargeable capital Wireless Adsl Modem is subject to Portuguese income tax. Stamp duty There is a stamp duty of 0.8% on the transfer of real estate. Donations tax Gifts to a spouse antecedent or descendant are tax- free but other donations attract a tax of 10% A Solution Fortunately there are territories which are not on the Portuguese black list and by purchasing a property in Portugal through a properly structured corporate vehicle incorporated in one of these locations it is possible to avoid the penalties on offshore companies. These arrangements may bring with them other benefits such as The ability to sell the property in the future without the buyer having to pay Real Estate Transfer tax Avoidance of Portuguese capital gains tax on re-sale Avoidance of donations tax or inheritance tax Avoidance of the deemed benefit provisions in U.K. law. As taxes and the manner in which they are applied change frequently specialist advice should always be taken before entering into any arrangements. Buying property in Portugal

Antique glassware needs a gentle hand. This month we'll give you some useful tips to help you Dsl Wireless Modem for your antique or modern glassware.

1. Avoid putting glassware into direct sunlight or near any other heat sources such as radiators.

2. Avoid slippage by using two hands when carrying delicate items. Remove lids and streamyx login to be safe.

3. Avoid stains in vases by changing the water every two days and removing any flowers or leaves before they dry onto the vase. Keep in mind that any liquid will stain glassware if it remains over a period of time.

4. Avoid temperature extremes. Very cold or very hot water is too taxing on antique glassware. Sudden temperature changes can stress the glass.

5. Avoid the dishwasher; it is too harsh on fragile glassware. Fill a plastic bowl with warm soapy water in the sink to wash glassware. The plastic bowl protects the glassware from the hard stainless sink.

6. Wash items one at a time to avoid any in-water collisions.
7. Use a soft bristled brush made of nylon or plastic to wash glassware.

8. Line the drying Dialup with towels in case of any tumbles.
9. Gently dry glassware with lint-free cloths.

10. During storage, remove decanter stoppers and lids. If there is any dampness, the lid will trap it in and cause cloudiness.

Martin Swinton owns Take-A-Boo Emporium, an antique tmnet com my located in Toronto, Canada. He does furniture restoration, caning and rushing repairs, custom reproductions, upholstery, teaches courses on antiques and does appraisals for estates and community events. He can be reached at 416-785-4555 or by visiting http://www.takeaboo.com