fbpx
BA Direto
  • HOME
  • FEATURES AND PRICES
  • INFO
  • FAQ
  • CONTACTS
LOGIN
  • HOME
  • FEATURES AND PRICES
  • INFO
  • FAQ
  • CONTACTS

Legislation

To comply with the law, be aware of it.
Check the legislation applied to your Local Accommodation.

Start > Legislation > Local accommodation and added value: what changes?
July 13, 2021 In Legislation

Local accommodation and added value: what changes?

The taxation regime for capital gains on AL properties changed in 2021. We explain the main measures impacting property owners.

mais-valias

 

Capital gains in 2020

Taxes were paid on capital gains in two moments:

  • when registering a property as Local Accommodation, in which the value at the time of acquisition and the value at the time of registration of the property in the AL regime was determined — with a tax of 50% being levied on the value.
  • when removing a property from the AL regime, in which a difference was calculated against the value at the time the property was registered as local accommodation — with a tax of 95%.

Capital gains in 2021

The new State Budget (OE) contemplates the end of the calculation of capital gains when you register for the AL regime or when you give up on being registered in it. The capital gain of the property is only taxed when the sale of the property is made to third parties. Therefore, when the property leaves the business universe and moves to the short term lease or private use regime, capital gains tax is paid.

New Tax in OE 2021

This new tax distinguishes taxpayers under a simplified regime and taxpayers under an organized accounting system, and the amount of the tax is divided to be paid over four years.

Simplified Regime

When the property leaves the local accommodation, tax is calculated on 1.5% of the taxable patrimonial value on the date it leaves the local accommodation, multiplied by the number of years the property has been subject to this regime.

Example: A property is worth 100,000 euros and I will withdraw it from local accommodation after 10 years. So: 1.5% of 100,000 euros, multiplied by 10. That would be 15,000 euros. The owner will add 3,750 euros (15,000 divided by 4) to the IRS tax base.

Organized Accounting Regime

When the property leaves the local accommodation, tax is calculated on all depreciation, impairments, loan charges and lease rents that occurred during the period in which the property is under this regime. Currently, from the income, only 2% is deducted from the value of the property's acquisition.

Example: If during the years in which the property was in the local accommodation the owner benefited from the deduction of 40,000 euros direct to the collection, he will add 10,000 euros (10,000 divided by 4) annually to the collection.

Sale of property that was in AL

Property is sold in less than three years after leaving local accommodation

If a property leaves the local accommodation and is sold within three years, the owner will be penalized. Here, the calculation of capital gains will be different from usual: they will be taxed entirely as Category B income (95% of the gain) and not Category G (50% of the gain), representing more costs to the owner.

And, in this situation, the total gain against the initial acquisition value is now considered.

Property is sold three years after leaving local housing

Only if the property is sold three or more years after leaving the local accommodation is the capital gain normally calculated, ie under the rules of Category G (50% of the gain).

In conclusion, if the owner does not want to be penalized, he has to wait three years to sell the property after having removed it from the local accommodation.

Share:
Local accommodation Accommodation Bulletin
Previous StoryAL containment zones: what are they and where are they?
Next StoryHow to get more customers through photography

Back to Useful information or

Generic filters

Exact matches only
Filter by Blog Categories

Articles

All rights reserved | Dev by DesignCorner
BA Direto is owned by BAD - DIGITAL MARKETING, LDA
Terms and conditions & Privacy Policy

Livro de Reclamações Eletrónico

We use cookies to deliver the best online experience. By agreeing to accept the use of cookies in accordance with our cookies policy.

I accept
Privacy Policy Cookies Policy
Privacy Settings saved!
BA Direto
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

Necessary Privacy Policy Privacy Policy Cookies Policy
These cookies are necessary for the website to function and can not be switched off in our systems.

Technical Cookies
In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services
en_GBEN
pt_PTPT en_GBEN