IRS 2020 - Taxation of Income By Advertiser, in Business · 23-04-2021 01:00:00 · 0 Comments
Nº 5: Rental Income - Long-term Rentals (Category F)
Income is reported in different categories: A) Salaries, B) Sole Traders, E) Capital, F) Property, G) Capital Gains and H) Pensions and is taxable in Portugal regardless of its origin. For non-residents, only income actually arising in Portugal is subject to assessment.
Long-term property lets (usually having a rental contract between landlord and tenant) are included in Category F and are reported on “Anexo F” in the filing period from April to June. This activity is different from Short-term Holiday Lets which are seen as a business called “Local Lodging” and reported on Annex B - Self-Employment Income.