Percorrer por autor "Fernandes, Pedro Filipe Moreira Brites de Almeida"
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- Real estate taxation in Portugal, Spain and China for non-institutional/individual investors : the case of chinese real estate investors in Portugal and SpainPublication . Fernandes, Pedro Filipe Moreira Brites de Almeida; Janeiro, Luís Alberto Monsanto PóvoasDuring the last years, Portugal and Spain have been gaining an increasing importance in the agenda for Chinese real estate investors. These investors seek for the stability and low risk associated with this asset’s class in Europe. Moreover, Portugal and Spain have implemented special programs, commonly known as “Golden Visas”, to attract foreign investors. The introduction of certain tax incentives was also relevant. Therefore, the objective of this Dissertation is to compare the tax policy for real estate in Portugal, Spain and China, regarding individual investors and to determine which tax benefits exist and the global tax impact in the investment decision for real estate assets in the three geographies. We created a fixed real estate portfolio based on the assets of two Portuguese Real Estate Investment Funds (REIF’s) and compared the taxation of acquisition, ownership, rental income and sell in Portugal, Spain and China. Since we are in presence of quantitative data, we pursued a survey strategy, based on a realistic philosophy and adopting a hypothetic-deductive approach. The time horizon of this research was longitudinal, since three years of taxation where analyzed: 2013, 2018 and 2023 (by extrapolation). This research was relevant because it created a framework to compare the structure of real estate taxation in Portugal, Spain and China (Beijing, Guangzhou, Shanghai, Hong Kong and Macau) and verified that real estate investment is a good entry door for Chinese investors in Europe. However, no further tax benefits exist on the exploration (rental), possession and sell of properties.