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FAQs – Quarter Share Apartments


You’ll be entitled to receive a 25% share of the net proceeds of sale at the end of that period.
Each party occupies the apartment for up to 13 weeks per year. (Maintenance weeks are also scheduled within the annual calendar.)
Plus, you only pay a small percentage of what a freehold unit may cost. Here’s your chance to understand how this popular concept works in more detail.

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What is the concept of quarter share properties?


Quarter share properties at Vale d’Oliveiras allow you to enjoy a share in a fully furnished luxury apartment with full access to all the facilities at the resort and a full housekeeping, maintenance and rental service, staying up to 13 weeks per year.
The apartment is yours to enjoy for 30 years, at the end of this period it will be marketed and the net proceeds of the sale divided equally between the 4 shareholders.
Your exclusive Rights of Occupancy will be registered in your name at the Portuguese Land Registry.
Your right to a 25% share of the net proceeds of sale will be secured by a charge over the property granted by the resort owners in your favour. This is also registered at the Portuguese Land Registry Office.

All apartments at Vale d’Oliveiras are created with a unique quarter share legal product, fully compliant with European Directives and Portuguese Law. This legal structure provides full legal separation between owners. This means that owners never have to be involved in any discussions or decisions with each other concerning any aspect of their apartment or the resort.

What are my ongoing costs?


There is an annual charge for the management of your apartment, which covers:

  • Weekly servicing
  • Repairs and maintenance including fixtures and fittings
  • Maintenance and development of the grounds and gardens
  • External maintenance and painting
  • Replacement when required of all electrical appliances, furnishings, crockery and cutlery
  • Provision for future refurbishments
  • Access to all the on-site leisure facilities (excluding charged events and activities)
  • Insurance of the apartment and all its contents
  • All local rates and charges
  • Reception and security services
  • Electricity
  • Water


Who looks after my interest?


Macdonald Hotels and Resorts are a UK-based hospitality company with many years of experience in the resorts field. They currently look after over 800 holiday homes in 10 luxury resorts around Europe. Not to mention, 45 hotels throughout the UK, from boutique hotels to castles and country houses.

When can I use the apartment?


Each quarter share has a designated occupancy schedule each year. Over a four-year period you will have access to every week of the year.

Can I use my time at other resorts?


Yes. Vale d’Oliveiras is affiliated to Interval International, a recognised world-leader in arranging exchange holidays for home owners. They make it easy for you to spend time at a vast network of over 2,800 resorts in more than 70 countries.

Can I rent my allocated time in the apartment?


Macdonald Hotels and Resorts offer a fully inclusive rental service with the opportunity to use renting to help offset your annual management fee should this appeal.

Can I sell my interest in the apartment?


You are free to sell at any time. Macdonald Hotels and Resorts will be happy to offer you a re-sale service or you can use an estate agent or sell privately. At the end of the 30-year term, the resort owners will appoint an agent to sell your interest in the property. Net proceeds from the sale will then be distributed to the quarter share owners.

Do we get any other benefits at Vale d’Oliveiras?


You will receive a Vale d’Oliveiras Benefits card which you can use around the resort to gain discounts off a range of facilities and services, such as food and beverage, The Lisvaýa Spa etc.

Can we rent additional space at Vale d’Oliveiras?


Yes, you will be entitled to rent additional space at preferential rates throughout the year.

Do we have to contact other owners to resolve maintenance is


No, all apartments at Vale d’Oliveiras are created with a unique quarter share legal product, fully compliant with European Directives and Portuguese Law. The legal structure is fully recognised and licensed by the Portuguese Land Registry and provides full legal separation between owners. This means that owners never have to be involved in any discussions or decisions with each other concerning any aspect of their apartment or their time spent at the resort .

Can we leave our own belongings in the apartment?


Yes, each quarter share owner has their own private storage cupboard inside the apartment and the 2-bedroom apartments have an outside storage cupboard as well. In addition, the resort will store larger items such as golf clubs.

What is the Non-Habitual Residents tax regime?


Portugal's Non-Habitual Residents tax regime applies in the case of a freehold purchase only at Vale d’Oliveiras. It means that you can take advantage of potential tax benefits under Portugal's Non-Habitual Residents tax regime - such as an exemption from income tax.
You can benefit from significant tax exemptions under the Non-Habitual Residents (NHR) tax regime for a period of 10 years. The regime offers exemption from tax on almost all foreign source income including qualifying pensions.
Non-Habitual Residency is available to you if you become tax resident in Portugal - and were not tax resident there in any of the previous 5 years.

What are the tax benefits of Portugal's NHR regime?


The attractive regime offers a 10-year exemption from personal income tax on almost all non-Portuguese income. This includes pensions, rental income, capital gains on the sale of real estate, dividends, interest and royalties.

Furthermore, you qualify for a flat 20% income tax rate on personal salaries and business income arising from high value-added activities of a Portuguese source. Activities should be of a scientific, artistic or technical nature.

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