3 bedroom house for sale
Portugal - Ponta do Sol, Ponta do Sol, Madeira
like this property?Call: 03339 390422
- Reference: RefCAS_356
- Total area: 0m2
- Useful area: 0m2
- Plot area: 0m2
Good quality finishings. Partial sea view.
Ponta do Sol is where you will find more sun throughout the year than in any other part of the island. It boasts breathtaking landscapes and encompasses the three parishes Ponta do Sol, Canhas and Madalena do Mar.
Ponta do Sol offers excellent bathing conditions, although you won't find sand here... but a pebbled beach.
BY APPOINTMENT ONLY
For those considering an investment in a luxury residence as a second (holiday) home or as a retirement destination, consider the advantages of Madeira Island :
Sub-tropical climate - warm & pleasant year round
Natural beauty - dramatic scenery, lush & colourful, known as the 'Garden of the Atlantic'
Ease of access - within 3 hours flight time from most European cities, direct flights from over 40 destinations in Europe, daily flights to London and Lisbon
Protected environment - 70% of the island is protected parkland & forest
Activities/Amenities - wide range of sports & leisure activities; two Golf courses near to Funchal
Tourist infrastructure - long known as a quality tourist destination, with lots to see & do
Quality of life - a friendly, safe & clean place to visit and to live in (Note: one of the lowest incidences of crime in Europe)
Legal and fiscal situation
Property transfer taxes - IMT tax, Stamp duty, reigistration and notary fees - max. 7%
Inheritance tax - Effective 1st January 2004, inheritance tax abolished in Portugal. There is still a 10% stamp duty charge though on transfer of assets. Gifts/donations to a spouse (husband or wife), children, parents or grandparents are exempt.
Capital gains tax - Flat 25% tax levy on all capital gains effected by non-residents.
Portuguese (EU) Residence Permit - Since July 2012, the NON-EU PURCHASER has a right to apply for a Portuguese residence permit (with subsequent freedom of movement in Schengen countries) following purchase of real estate in Portugal with A MINIMUM INVESTMENT OF 500.000
Non-Habitual Resident's Regime - offering fiscal advantages particularly to non-Portuguese retirees taking up residence in Portugal
Energy Rating: Exempt
Total bedroom(s): 3
- Funchal (International), 17.7 miles
*Distances are straight line measurements. This feature is currently in beta.