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2 Contents Company Information Who are IRG?... 4 What do we do?... 5 How do we work?... 7 Which area is for you? Golden Triangle Central Algarve Western Algarve Eastern Algarve Property Showcase Prestige Villa Pinhal Velho Porto do Mos Beach Condo s Exclusive resale selection Luxury properties Buyer s Guides The buying process Property buying costs Notable Taxes Off shore purchasing Mortgage Information Property Management Property Viewing Trips What does the trip include Viewing Trip refund Contact Us Where to find us

3 Who are IRG - Infinito Real Group What do we do? IRG is a group of property investors that over the years has formed a partnership and offered our services to the you, the consumer, in an attempt to ensure there is a company that provides the help and advice that we didn t have when we bought our first properties. Complying with the recently introduced legislation in Portugal regarding real estate companies, our licences are all up to date and our partnership network is made up ONLY of registered companies. A key benefit to dealing with a real estate agent who complies with this legal requirement provides indemnity insurance for you as a consumer should anything unexpected happen. Portugal is a safe place to buy, but there are still pit falls to look out for. Unfortunately we have experienced most of them! This is why our goal is to make sure you don t! Legal and Contractual advice Offer a stress free days viewing of not just countless property but the areas as well, especially important for retirement or for a permanent move. Property executives who understand the buying process and the time involved in making such a commitment, who will offer specialist advice whilst maintaining a non pressurised environment to build a relationship with during your search, no matter how long it takes. Our services are available at no cost, offered to any one, whether you have a plan spanning the next few years or are planning on buying immediately, the sooner we know what you need, the sooner we can start working to help you. Our main aim here at Infinito Real is to make our customers remain our customers for life. To achieve a level of customer satisfaction that, although not perfect, is to a level that we too would wish to achieve with our dealings on a day to day basis. Achieving this goal is, and will continue to be a challenge, with staff training and services being improved and re structured to suit our customers continuously. In this business there are many companies to choose from, most provide what they say they will, and we wish to provide more than the standard. To under promise and over deliver to the benefit of our customers and ultimately ourselves as well. This company is a collective group of people focussing on the long term providing a comfortable platform for our customers to voice their concerns and praise freely, whilst benefitting from our vast experience in the property market. Our objectives are simple: To fulfil your property requirements as closely as possible providing unbiased help throughout the purchase process and beyond including: Whether you want to make an appointment or just have a chat drop us a line today! Financial Advice - Mortgage and Taxation Provided free of charge in house Property Management and Rentals division in house Interior design - Custom design, or rental packages 4 5

4 How do we work? Well, as you would expect from an estate agent, we sell properties! The key to our service is we only sell the property that you the customer want to buy, not something that we want to sell. Our own strict criteria is paramount to our business, as the properties we choose to sell are only of the highest quality whether they be for investment purposes or a detached villa for you and your family to enjoy, or even move too. The reason behind this is simple; we will not sell anything that we do not feel comfortable in selling again for your customers when they wish to move on. The experience of the staff we employ is also a vital and integral part of the company mould. As well as a good local knowledge there must be a deep love for the country and the area, which ensures that all customers can be embraced in the area of choice rather than just have doors opened and closed for them. We feel this is a crucial part of the search for the perfect property and will not now, or ever, compromise on this. Our general experience over the last few decades has been that to ensure your time and ours is not wasted, an in depth few discussions prior to your arrival are vital. Once you have arrived our representative will have a portfolio already lined up to show you which fits with the brief already detailed before you ve even arrived. Of course this will often change once the viewings begin and this is where the importance of dealing with an experienced company It s important for the representative to have a face to face chat with you about your dreams, wishes and crucially finances. These are all outside factors that can change the line up of property, and might bring something else to the representative s mind that would be ideal for you! Remember we will be open and honest about the whole process, we ask the same in return. If we ve done our jobs correctly the next few hours will be spent showing you property that you love! Or at least short listing a few areas for you. And, from there we start our relationship until you find your ideal home in Portugal. Of course all the related financial advice and legalities will be provided when requested by you if you get to a point of interest. As well as a good local knowledge there must be a deep love for the country and the area During the few weeks until your trip out here, an exchange of various properties via the internet, s etc.. Can help narrow down your search or just give you an idea what you can get for your money here. shines through. The key thing to finding a property here is to relax, enjoy it and most of all have fun. Oh, and of course making some money from your investment is quite important also. 6 7

5 Which area IS FOR YOU? To help with your choice the following pages give a brief description of each main area of the Algarve with the key points in each area: 8 9

6 The Golden Triangle The Golden Triangle encompasses all the area s in and around Quinta do Lago, Vale Do Lobo, as well as Vilamoura. This is the area the majority of people have wanted to be in, or around, for decades. Put off previously due to the higher prices compared to other areas of the Algarve, it offers some tremendous property at greatly reduced price s, in fact comparable properties are now often the same price as the Golden Triangle, which makes it even more attractive. There is a distinct ambience felt as soon as you enter these areas, with their security patrols, well maintained road s, palm trees running alongside the numerous pavements, cycle tracks, and the endless greenery and beautiful houses. Beaches and golf are paramount to boosting an area into the exclusive category and this is where the Golden Triangle truly excels. With some of the best golf courses in Europe and beautiful golden sandy beaches that are all within a short distance of each area, finding a beach you like is simple. Why do we recommend this area to our clients? Well the answer is quite simple there is no comparison to it, it s exclusive, it s a great investment, it rent s better than any other area of the Algarve and there are now properties at a price that makes it comparable to any other area of the Algarve. Of course this doesn t mean you ll be able to walk into a 5 bedroom villa on the beach front and buy it for peanuts, quite the opposite, in fact a beach front villa will be in the multimillion pound bracket still, and this is what makes it a great area to buy in. Up until recently you would spend somewhere around 1,000,000 for a property (of any kind) in Quinta or Vale do Lobo, now you can buy a villa for almost half that figure. Make no mistake it isn t cheap, but it s now affordable, and offer s a potentially high investment return over the next 5 years. The key thing to consider when looking at this area is firstly where you want to be, as with anywhere else, being in the heart of Quinta do Lago or Vale do Lobo is still expensive, being 5 minutes from the centre is much more reasonable, and could well mean the difference between a 2 bedroom apartment and a 4 bedroom villa with private pool. Why do we recommend this area to our clients? Well the answer is quite simple there is no comparison to it 10 11

7 The Central Algarve This stretch of the Algarve s coast line is home to some of the most popular destinations in Portugal. Full of excellent golf courses, as well as some truly magnificent beaches and one of Europe s largest marinas in Vilamoura. The more inland areas of Loule & Santa Barbara de Nexe offer the mix of a tourist destination and the amenities that come with it, but with the cultural influence of the local Portuguese residents, combining the best of both worlds and something that has proven to be more and more popular over the years. Vilamoura : As part of the Golden Triangle, as well as home to 6 top class golf courses. Vilamoura also has 2 beaches, a tennis center, sports club, multiple 5 Star hotel s and an equstrian center. Sometimes described as a large luxury tourist resort, with so many sports and actitivites being it s core attraction. Albufeira : One of the most visted holiday destinations in Portugal, with numerous Blue Flag beaches. Split into two main area s, Areias de Sao Joao more commonly known as The Strip full of nightlife and known for clubs and bars, then the Old Town which has some faulous beach front restaurants and also a great nightlife. Loule : With the town halls and banks lining the attractive central avenue. It s a hive of activity, with countless traditional boutique shops, restaurants offering all the local delicacies, and of course the incredibly popular and always busy saturday market, offering some mouth watering fresh foods and produce. The area hosts many different festivals and parades throughout the year, making it a wonderful place to visit on a regular basis, plus as a working town it has plenty of large super markets, bus station with regular routes throughout the Algarve, and the best of utilities. Boliqueime : What has attracted many to this quaint and typically Portuguese village is it s excellent location when looking at the major attractions in the Central Algarve area. Within 5 minutes you can be in the centre of Loule, in Vilamoura marina or the beach. One of the more appealing draws to Boliqueime in property terms would be the availability of a sea view. Santa Barbara de Nexe : The town centre itself is something of a post card setting, with an incredibly beautiful church, cobbled streets lined with park benches always occupied by local s, the cafes and restaurants in the centre, all with their outside seating always have a buzz about them, and rarely appear empty. There are also some fantastic restaurants throughout the area outside of the town. And although more like a village centre, there is still enough amenities there to keep day to day living and holiday makers alike happy. One of the most popular village locations in the Algarve and one with a fantastic and welcoming community

8 The Western Algarve The Western Algarve stretching from Silves to the Western Coast line is well known for its rugged coastline, fabulous beaches amazing cliff top walks and it s many sea life attractions. From deep sea fishing, dolphin watching, cave tours to the more traditional jet skis and para-gliding for some this is the more adventurous side of the Algarve. Lined with many of the most fabulous beaches, not just in Portugal, but anywhere, nestled in between orange tinted cliff faces and connected by caves that can only be reached at low tide it s no wonder there s an excitement from visitors and locals alike along the Western edge of the Algarve. Many small fishing villages have dominated the tourist game here for years Carvoeiro, Alvor and Praia da Luz the most popular. Small beautiful and traditional villages with immaculate beaches great local atmosphere and lately more ecliptic bars and restaurants to appeal to all kinds of visitors. As well as these smaller holiday style villages, you have the big more commercial centres in Portimao and Lagos. Both offering fantastic shopping areas, beautiful beaches and great nightlife too. These areas are excellent for property investment although like most areas of the Algarve, in recent years new build is in limited supply. However, there is a good supply of resale properties offering great value for money. Lagos : Lagos had been the capital of the Algarve for almost 200 years, the home of Henry the Navigator, Who pioneered the first naval school here at the South Westerly most point of Europe. Boasting an impressive marina nestled on the Eastern side of the city, and surrounded by a stunning beach and the beautifully preserved Old Town. Here you can still see the old city walls running around the entire city, history has been a strong part of this area of the Algarve and you can t help but marvel at it. Carvoeiro : This was a very small intimate fishing village that has lost any resemblance to its modest origins. In 1965 a foreign resident wrote about the place - the mode of living remains essentially medieval. Then there came the tourists and the money. Today, the village spreads to the east and west with expensive villas and comfortable holiday apartments. The one and only village street has now become three, each lined with bars, smart restaurants and tourist shops. Happily, there are still examples of the older quaint small houses tucked in between the more recent ones. Praia Da Luz : Praia da Luz is a small village just 6kms from Lagos and the name translate to Beach of the Light is well known by many for its beautiful beach and quaint town square centre, complete with traditional Portuguese church. For many Praia da Luz is THE perfect holiday spot, with most properties within walking distance to the beach and the town centre, plenty of amenities nearby and of course Lagos just a 5 minute drive away for anything more

9 The Eastern Algarve The Eastern Algarve generally considered being everything from the East of Faro to the border of Spain. An area that most consider to be more traditional than the rest of the Algarve. Trading disco clubs for churches, Irish pubs for local bars. Although that has changed somewhat over the last few years. Although the more laid back towns of Olhao, Fuzeta, and Tavira have the traditional churches, in their abundance, and the traditionally dressed locals enjoying the sun outside their favourite café or bar. There has been a shift away from ONLY traditional establishments in recent times. Perhaps a commitment from the Algarve to embrace change and try and drive a stagnated economy by trying new things. Although many opposed, for example, the huge new shopping centre in Tavira, it s hugely popular with tourists and many locals too. Convenience can never be under estimated in modern life. Many have sought Property in the Eastern Algarve as a cheaper alternative to Property in the Central Algarve and although this can be true it shouldn t be taken for granted as there is a lot more stringent regulations along the Nature reserves in the East and as such properties can be viewed as more appealing due to the limited future construction. Tavira : The epicenter of the Eastern Algarve, and hugely popular with visitors from throughout Europe. With a staggering 37 churches the historic streets and buildings are steeped in the towns history, with just a small touch of tourism creeping it s way in of late. For those wishing to get a flavour of the real Algarve and mix amid local s this is an exceptional town to visit. Cabanas : With a beautiful promenade lined with traditional and more modern styled restaurants you really do get the feeling of old meets new here. Watching the sun set over the Ria Formosa is beautiful site and one of the reasons many have found themselves returning time and again to this area. For those that enjoy relaxing on the beaches of the Algarve, then Cabanas is fortunate to host one of the very, very best. Ilha de Cabanas is a beautiful island beach, reachable only by water taxi and attracts visitors from all over Portugal in the summer months. Olhao : The large appeal in Olhao for tourists is the front line, which stretchs around 4kms along the water front. Lined with various restaurants and shops, as well as the exceptional fish market, children s parks and coffee shops. The area is also well known for its various parades and festivals where the front line is closed to traffic and turns into effectively a large part along the river front. Surrounded by the Ria Formosa nature reserve that strictly limits building in this area it s a ecological zone that draws many visitors Trading disco clubs for churches, Irish pubs for local bars.

10 Presenting, a small selection of properties from our vast portfolio

11 VILAMOURA - 5 BEDROOM VILLA SUMMARY This contemporary project comprises a 5 bedroom villa just 10 minutes walk into Vilamoura Marina. It is designed and built to the highest specification and has everything you would expect from a property of this calibre. With large terraces, heated pool and covered BBQ area perfect for alfresco dining, this property would make an excellent home. PRICE : 1,275,000 ID : 1891 BUILD : 400m2 PLOT : 1,000m

12 PINHAL VELHO - 9 BEDROOM VILLA SUMMARY This contemporary project comprises a 5 bedroom villa just 10 minutes walk into Vilamoura Marina. It is designed and built to the highest specification and has everything you would expect from a property of this calibre. With large terraces, heated pool and covered BBQ area perfect for alfresco dining, this property would make an excellent home. PRICE : 3,400,000 ID : PV11 BUILD : 805m2 PLOT : 4,462m

13 New build development Lagos PORTO DO MOS BEACH CONDO SUMMARY FEATURES PRICE INFORMATION This stunning new beach front resort built by a builder of reknown quality offer s something that buyer s have been searching for over the last few years, a brand new build AND sea views! Nestled on the top of Porto do Mos beach between the charming Lagos old town center and the stunning Porto do Mos beach, the location is ideal. Ready to move in at the start of 2017 Swimming pools Gym Private parking Fitted kitchen Sauna Air conditioning Central vacuum system 1 bedroom : from 190,000 98m2 + 2 bedroom : from 235, m2 + 3 bedroom : from 345, m

14 Excellent resale property PORTELA ALMANCIL 4 Bedroom Linked villa 3 Bedroom Villa ID : 2662 Price : 297,000 Pool : Shared Build area : 170 m2 VALE JUDEU VALE DO GARRAO 7 Bedroom Villa ID : 1223 Price : 725,000 Plot size : 1,000 m2 Build area : 350 m2 3 Bedroom townhouse ID : 198 Price : 199,000 Plot size : 614 m2 Build area : 178m2 ID : 2664 Price : 250,000 Build area : 100 m

15 Luxury Property ID : 2365 Price : 2,275,000 Plot size : 1,365 m2 Build area : 530 m2 ID : 761 Price : 1,995,000 Plot size : 2,500 m2 Build area : 400 m2 SAO BRAS DE ALPORTEL 5 Bedroom Villa LOULE 5 Bedroom Villa QUINTA VERDE 5 Bedroom Villa VALE JUDEU 5 Bedroom Villa ID : 2203 Price : 1,450,000 Plot size : 12,000 m2 Build area : 380 m2 ID : 2666 Price : 1,250,000 Plot size : 6,583 m2 Build area : 448 m

16 The Buying Process The process for buying here is relatively straight forward, honestly! Here you can see the process in 5 basic stages. Our team will be on hand to explain this to you in depth beforehand to make sure you are totally comfortable with the process. 2. PROPERTY REPORT 3. PROMISSARY CONTRACT Once your appointed lawyer has completed the report on the property, this is made available to you along with the promissory contract, which you should read and question as much as needed until you are completely comfortable with the contents. Following the reservation, there is then a 30-day time frame for your lawyer to thoroughly research your properties history, previous ownership, and to make sure the title of the property is free and clear of any outstanding debts that could be passed onto a new owner. In the case of a property that is not yet complete, then the same due diligence is undertaken, however it is of a more corporate nature, ensuring the developer has not been through any bankruptcy cases or anything that might be cause for concern. This is a vital part of the transaction and as such as a competent law firm should be used, preferably one that does not represent the developer also. The first step of purchasing in Portugal, once you ve found the property you want of course, is to visit a lawyer, who will explain the steps involved, and also take a reservation payment which will allow the property to be taken of the Market, and make sure the price cannot be altered. This is as much a security to you as to the seller of the property. 1. APPOINT A LAWYER 4. DEPOSITS & PAYMENT As soon as you as happy with the paper work, the balance of the deposit should be transferred to your lawyers client account, to allow the seller to be paid, this is normally 30%. Normally a power of attorney will be signed at the time of reservation which will allow the contract, and only the contract to be signed on your behalf and upon your instruction will duly sign the contract with the developer. 5. COMPLETION Should you wish to sign yourself as many do, then you can come over and your lawyer will attend the signings with you, and handle the transaction, with the keys to your property being released to you whilst there. After the process is completed we are on hand to help with the management of rentals in your apartment, or just to look after it should rentals not be a requirement of yours. One thing that is certain, is having someone on the ground to be your eyes and ears is essential, and we have developed our companies over the last two and a half decades to give as tailor made package as possible

17 Property Buying Costs IMT Property Transfer Tax. This is a similar fee to the UK & Irish stamp duty and is calculated based on the value of the price of the property using the sliding scale below, this is paid by the buyer before completion takes place. N.B. The minimum amount of IMT payable will always be based upon the VPT* value if higher than the agreed purchase price. As a general rule allow around 7% for the total buying costs. *Property Price s % Credit Up to 92, From 92,407 to 126, From 126,403 to 172, , From 172,348 to 287, , From 287,213 to 550, , Above 550, *This table is representative of the costs for a holiday residence. Other Fees: Legal Fees : 1.25% of the purchase price, plus IVA which at present is 23% (This includes the full scope of legal services, from the initial property report, confirming legitamacy of the ownership of the said property as well as assuring a clean and debt free title of ownership to you as a new owner. Also identifying unlicensed modifications to the property, such as illegal swimming pool s for example.) Stamp Duty : 0.8% of the price Public Notary Service : approx. Property Registration : approx Should a mortgage be required, this will cost approx 1% of the mortgaged amount. As a general rule allow around 7% for the total buying costs. Buying costs at a glance Price Total Purchase Costs % 150,000 6, ,000 15, ,000 41, ,000,000 83,

18 Property advice Notable Taxes IMI (council Tax) This is determined by the value of your property as assessed by the local authorities using the recently introduced VPT table* (value of properties). Each district has its own rate and this is published annually, which varies from 0.3% - 0.5%, with rustic proprties fixed at 0.8%. *VPT = VC x A x Ca x CI x Cq x CV, where: VPT = Rateable value set by tax authorities VC = Value per built square meter, again set by local authorities A = Gross area of construction including terraces, garage, parking area, annexes etc. Ca = Registered use of the property, namely residential or commerical Offshore Property Purchase One of the more recurring questions we hear within the Golden Triangle especially is whether or not to purchase the property in individual name(s) or within a Corporate structure (i.e. OFF SHORE). Many buyer s can be put off by the thought of not actually owning the property themselves, or of being caught in some kind of scheme. But it really is quite simple and straight forward, if one was to purchase using an off shore company strucuture, the property (or company asset in this case) would own this property in it s entirety and be the sole asset of the company. There would be no other trading or interest other than the property. The buying process would then simply involve the transfer of the company shares, of course including the sole assest the property, to you as the new owner. The same due dilligence would be carried out, financial records would be checked to ensure all associated taxes have been paid in respect to the company and all the same property checks will be made also. Corporate Ownership Benefits? CI = Location coefficient fixed every three years by the municipality and can vary between 0,4 and 3,5 Cq = Quality and comfort Such things as swimming pool, elevator (or lack of in 3 story buildings) CV = Age of the property. The newer the property the higher the coefficient Capital Gains Tax When you sell your property you will have to pay Capital Gains Tax on any profit made during the ownership period. Again for non-residents this is a flat rate of 28% of the profit. There are many deductions to be applied before calculating the final figure. Income Tax If you rent your property out then you will also be liable to pay Income tax in Portugal. This is calculated at a flat rate of 28%. You should always declare this in your country of residence as it may be deductable from your global tax bill. There are also annual expenses that you are entitled to deduct from your rental income before applying the 28%. The initial saving of the IMT is probabaly one of the key reasons for this method of property ownership. Sales price s of over 550,000 equates to a 6% saving immediately. Furthermore married couples can benefit from the simplicity of the company shares transference should either spouse (or company director in this case) die under the company terms the shares will automatically transfer to the remaining party, negating any need for a Portuguese will. There are also no Capital Gains Tax s to be paid in Portugal following a sale of a White listed company, where as a privately owned property would be subject to 28%. Buying Costs Corporate Ownership IMT Tax : N/A No tax is applicable Stamp Duty : N/A No stamp duty Legal Costs : 1.25% + 23% IVA No further costs are incurred for company transfer s

19 Mortgage Advice Most people looking at buying a second home abroad usually consider financing or mortgaging a percentage of the property purchase. Many use their local banks and lenders by securing the financing against their own residence at home. However there are some advantages to raising the finance in Portugal and using the property here as collateral. Since the beginning of 2015 there has been a much needed re-launch of local banks seeking loans for non resident clients. In fact at present they are actively pursuing larger agencies such as ourselves in a bid to reintroduce themselves and their willingness to provide loans to our clients, with some very attractive deals. The loan options are relatively standard at this time and as such it isn t an overly complicated chore deciding which bank or lender to use. Terms can be for up to 35 years, with interest rates ranging from 2% - 7%. The higher loan amount (Loan To Value) the higher the rate will be. Maximum advertised LTV s are 80%, however for a non resident it s more realistically 60%-70%. Special Mortgage Offers for bank owned properties - At present the best interest rates and highest LTV deals are only available when purchasing a bank owned or financed property. In these cases the banks are more willing to lend and will offer rates from 2% - 3%, and will offer up to 100% financing (again this is not generally possible for Non Residents 80% is a good rule to work with). These types of deals have been particularly popular with investors as it allows a lower cash outlay and low monthly outgoings. If this is something you are interested please let us know as we currently work with all the banks and have access to all qualifying properties. Mortgage Approval - A mortgage approval will generally be valid for 60 days, and is relatively easy to obtain from any number of banks. The approval may be extended after this time, but new documentation will be required. Also, most lenders will charge a small fee for the approval. In most instances our finance department can analyse your application and provide you with an accurate loan simulation including your borrowing capacity. All our financial services are provided without any cost to our clients. The criteria for borrowing money is generally gauged against your incomings & outgoings, with a percentage being used to determine how much you can afford to repay. Example: If you have incomings of 2,000 per month, outgoings of 1,000, your net income would therefore be 1,000. Banks will then apply their affordability percentage, which can be up to 40%, which allows you a repayment figure of 400 per month (40% of net income of 1,000). All our financial services are provided without any cost to our clients

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21 Property Management With such a large investment, one must be comfortable with leaving it for long periods of time in the hands of who effectively is a stranger! Sounds scary, but it really isn t. There have been people doing this for a long, long time, and again with so many other considerations whilst buying a property abroad, making sure you chose the right company is paramount. And it s for this exact reason that we decided to open a Property Management division to help our client s with the most important part of owning a property. Thinking About Renting Your Property? Since December of 2014 there have been some sweeping changes to the legislation and tax laws regarding rental properties and the income they generate. Although there has been some conflicting advise from the finance sector concerning how these changes are put into effect, generally speaking they are actually rather sensible and cost effective for most clients looking to make income from their property. The major changes in the law requires that all properties that are being rented out on a nightly basis (i.e. rents of less than 30 days at a time) and advertised as such. Register the property as an Alojamento Local (local lodging). Comply with a number of simple health and safety regulations (which is included in our management pack) all of which are rather sensible. Installation of fire extinguishers, child s safety fence around swimming pools, first aid kit etc. As well as obtaining this license, you are required to register with the financas (tax authority) via a Business Activity Registration, which your management company or fiscal representative can do with you, or on your behalf. Rental Income for your Algarve Property The most important part of many client s purchase, and something that is pivotal in making a property work for its owners. Many owner s are happy to rent out just during the peak summer months which is generally enough to cover the properties annual running costs, while leaving the other 10 months of the year free for owner s to enjoy at their convenience. The rental season is the Algarve is concurrent with the large European school holidays, with July & August offering the peak rental incomes on a weekly basis. Easter, Half terms and Christmas (to a degree) also offer the chance for peak rental rates. All in all these periods can offer an owner up to 20 weeks rental potential. Of course the Algarve is popular for golf year round (except the summer) so there is potential to bolster these weeks with additional income at any time of the year. Although it is unlikely you will rent the property out every week of the 20, a week rental year would be common for most properties. IVA / VAT is only applicable once rental income exceeds 10,000 at which point it is charged at 6% over the rental amount. Social security / National Insurance: If you are already contributing in another country, or receiving benefits such as a pension, owners are eligible for a full exemption. Otherwise the social security payments under Category B will be made after the threshold of 16, Gross income is exceeded. The rate is 29.6% for self employment income declared in the previous year. Tax on rental income Under the newly reformed tax regime for income tax on rental properties the simplified tax payment (Category B) scheme is, for most owners, going to be the more beneficial. Category B Tax (invoices issued by, or in the name of the owner(s)) 85% of net income is automatically deducted as expenses whilst income tax is then paid on the remaining 15%only. This results in an approximate tax rate of 4% or below. The alternative is Category F Tax (invoices issued by a management company or tour operator in their name) which is paid at a rate of 28%, which is the fixed % for rental income. Our management packages start from just 80 per month 40 41

22 Algarve Property VIEWING TRIPS If you have decided that the Algarve is the place for you, but you just don t know where exactly yet, then we are happy to help you with a tailored property tour for you. It s paramount when making such a big decision, especially in a foreign country, that you receive only the very best of advice and information. These trips allow you to get a true insight into the fabulous Algarve whilst learning from our professional and vastly experienced staff about the different areas, customs and of course property market(s). OUR ALGARVE VIEWING TRIP INCLUDES Return flights from the airport of your choice directly to Faro Individual airport transfers on arrival and departure 3 nights accommodation in a 4 or 5* hotel, including breakfast Free legal advice on the intricacies of buying a property in Portugal as well as a step by step guide on the procedure involved in buying a property and associated costs Free financial advice should you require a mortgage in Portugal for your property here YOUR NEXT STEP? If you d like to go ahead and arrange a trip with us, please fill in the request form (click here to goto our website) and we ll be in touch with you to check for suitable flights for you. One of our experienced property advisors will be in contact with you before booking the trip to talk through your basic requirements, budget and general criteria for your purchase to make sure we utilise your time here to the fullest. Rental & Property management presentation from our management team detailing the services we have at your disposal should you decide to purchase a property on your trip Most important of all, 3 days with one of our highly experienced property consultants VIEWING TRIP COSTS If you decide to buy a property with IRG Property during your trip we agree to refund the cost in it s entirety, of your flights and accommodation upon completion of the sale, subject to a maximum of 1,

23 Contact Us WHERE TO FIND US Want to get in touch with us, great! We ll be more than happy to hear from you via whatever medium you prefer. You can reach us at either of our well located offices, call us on our free phone number (or if you re not in the UK our direct line). Vilamoura Boliqueime Casa Rosa Barão EN 125 Befarras, Boliqueime meters from the traffic lights at the entrance to Vilamoura. Quinta do Lago Vale do Lobo Estrada Quinta do Lago Almancil Approximately 500m s from Quinta shopping and the Vale do Lobo round about. Telephone Contact s FREE phone no Direct Line no. -(+351) Contacts General enquiries Marketing enquiries - info@infinitoreal.com - marketing@infinitoreal.com Registered real estate agents in Portugal AMI License No 8687 APEMIP Membership No 4566 All information contained within, is subject to change at any time. Please consult your legal or financial advisors before making any commitment to purchase a property

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