Tuesday, June 14, 2011

Capital Allowances On Furnished Holiday Lettings in Portugal – A Basic Guide

by Property Lynx Lda based on information provided by Davis Langdon LLP

After the 2009 Budget, it was announced that the ‘Furnished Holiday Lettings’ (FHL) rules were to be extended to any country within the European Economic Area (EEA).

It was also announced that the rules would be withdrawn from April 2010, but following a change in Government, the rules will remain in place in their current form until April 2011. After that date, there will be some tightening up of the qualification criteria together with some restrictions in the way that loss relief is given.

This very basic guide has been compiled to give owners of properties in Portugal information on how the rule changes may be beneficial to them...

Read more here

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