The real estate sector plays a crucial role in the global economy and social environment. In particular, the commercial property sector offers the infrastructure needed for the growth and development of entrepreneurship and business, including offices, shops, industrial and logistics premises, and hotels. In Europe alone, commercial real estate represents a business of €8.5 trillion.
The emergency caused by the covid-19 pandemic over the past couple of years has affected the real estate sector like so many other sectors and, in April 2022, inflation in the eurozone reached a record level (7.5 per cent) due to heightened uncertainty and geopolitical risks as well as skyrocketing energy and raw material prices caused by the war in Ukraine. This is not slowing down investments despite the uncertainty because the sector has strong fundamentals.
Based on the above, national legislators are facing a new phase of uncertainty, inflation and geopolitical risks that will have an impact on new provisions aimed at stimulating or attracting selected investments in their countries.
In this context, Ana Castro Gonçalves and Maria Margarida Torres, partners and lawyers at Caiado Guerreiro, explain “The Real Estate Investment Structure Taxation Review” in Portugal.
Some of the most relevant topics:
- Investment vehicles in real estate;
- Property taxes;
- Legal framework;
- Asset deals;
- Indirect taxes on purchase;
- Indirect taxes on holding;
- Direct taxes on holding and disposal and permanent establishment issues.
The content of this information does not constitute any specific legal advice; the latter can only be given when faced with a specific case. Please contact us for any further clarification or information deemed necessary in what concerns the application of the law.