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Do you
have a property to sell?
Whether
you are relocating to another area or country, wish to realise some of your
capital, or just fancy a change of property, then selling your home quickly
should be through a convenient and effective medium.
Place your property with us and we
will give it the best exposure possible. Our professional skills will be put
to good use as we describe and photograph your property, and display all
details on our comprehensive web site.
Wherever
your property is situated in Algarve, and whatever style of property you own,
if you are looking to sell, then contact us. We would be delighted to meet
with you and discuss our marketing strategy.
The
legal requirements
and process for selling a property in Portugal are very similar to those for
purchasing. It is important to ensure that all relevant documents are
available and up to date and there are no outstanding charges against the
property. Incomplete documentation and outstanding charges will delay the sale
process, and in some instances this maybe for many months.
Also,
do not forget that once the promissory contract is signed, should you back out
of the proposed sale you will be obliged to repay double the amount of the
original deposit.
Capital
gains tax may be due and it is advisable to contact your local tax office to
find out what you will be expected to pay. It may be prudent to contact a tax
advisor if you are a UK resident for tax purposes, as Portugal and UK have an
agreement to avoid capital gains tax being paid twice. There are exemptions on
tax being paid, for example, **should you reinvest the funds in the purchase
of another property**.
There
are no legal restrictions on the movement of funds relating from the sale of a
property.
We
would advise that in all matters regarding property, you contact a legal
advisor, and of course we will be there to help at all times.
Please
contact us for further information on selling your property including market
assessment and recommendations for Lawyers, Accountants and Surveyors.
**
Residential status may be required.
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