Property investment in Portugal - good accountant recommendations?

Tax and legal
1

Got this apartment to qualify for the golden visa - still haven’t seen anything yet - and wanted to know a few things like whether initial furniture is a capital expense or can be offset against revenue for tax purposes, whether cost of maintaining the investment such as travelling, accommodations is deductible, etc.

Anyone has a good accountant to recommend please? Have the NIF representation guys but apparently they don’t deal with this.

Thanks a lot in advance!

2

I would first look for some official rental property income tax guides from AT, I assume they publish them in a fairly easy to understand form.

3

Hi thank you - who or what is AT? :sweat_smile:

4

AT = Autoridade Tributária, aka Portugal’s internal revenue service.
They post guides through their Portal das Finanças.

5

In relation to the specific items in your question, it looks like the furniture is NOT deductible, while the other pieces you mention may be deductible:

6

Thanks - looks like furniture is a tax ‘nothing’, i.e. not deductible against rental income or against final property sale price over the initial. Interesting. In the UK the initial furniture is a tax nothing but not subsequent like-for-like replacements.