New association launched for portuguese holiday letters

A new association has been launched for owners of Portuguese property who let out homes to tourists.

NALLE, the National Association of Local Lodging Establishments, will represent owners, agents and property managers engaged in local lodging in Portugal.

"If you let out furnished accommodation directly to holidaymakers on a short-term basis you are engaged in tourist-related services and are required by law to register your Local Lodging activity," explains The Portugal News.

"While this type of activity has more checks and balances than conventional renting, it also receives special tax treatment under the simplified regime. You are only taxable on 15 per cent of your gross invoiced income, with the other 85 per cent being automatically excluded to cover business overheads. Normally, final tax rates fall below 4 per cent."

For more information, call the NALLE on +351 96 2851551, or email ursula.hahn@nalle.pt