[ Offshore Tax ] Inheritance Tax in Portugal

If you need #taxinternational advice? We are here…

Here are 4 ways we can help you –

1. We offer HOLISTIC strategies to help you live that international life. Tax + MIGRATION options.
2. We help you MODEL the tax impact of moving to a new jurisdiction
3. CONTACT us for tax optimization consults over Zoom
4. High Net Worth? We can QUOTE for doing your “US – International” tax returns

For more information or inquiries, check out our website

or email us help@advancedamericantax.com

▶️ Follow us:
– Facebook:
-Instagram:

▶️ Other Videos:
How is a 1099 taxpayer treated in Portugal –
–
What exactly is NHR Tax Status in Portugal –
–
Which to file first US vs Portugal returns!
–

DERREN JOSEPH:
Does Portugal tax inheritance. Okay, would Portugal tax inheritance money that our son would receive when we pass away? So Americans living here, tax resident here, they want to know if Portugal would tax the inheritance that they plan to pass on to their son who does not live here, Augusto?

AUGUSTO PAULINO:
Sorry. I was saying that inheritance taxes, or always some no asses as well, that if we are talking about inheritance from parents to son’s, the inheritance tax in Portugal as an exemption, so it’s not applicable.

DERREN JOSEPH:
Okay. And I guess, they’re asking about cash that it would apply. But what about, I’m just thinking a lot, what about if it were real estate?

AUGUSTO PAULINO:
Well, in terms of taxation of inheritance, we have an exemption from parents, direct to parents. But if we are discussing inheritance in terms of assets that are not located in Portugal, for example, a tax resident in Portugal but we are talking about assets that are not located in Portugal. Those assets are not subject to inheritance tax under the location rules of the taxes in Portugal.

DERREN JOSEPH:
Okay. Gotcha. But if it were Portugal’s situs assets, or would it be subject to any sort of transfer taxes or stamp duty?

AUGUSTO PAULINO:
No stamp duty will not apply to inheritance. It is a gift to other or inheritance or to other or not direct parents in between parents it could be the subject of taxation, yes.

DERREN JOSEPH:
Okay. I hope that answers your question.

VOICEOVER:
Please subscribe, like share and comment below. Our books and upcoming event are available at HTJ.tax. Email us at help@HTJ.tax to engage us to advice on international tax or business matters.

#offshoretax #internationaltax #taxportugal #expattaxportugal #taxresidenceportugal #portugaltax #portugal #expatportugal #internationaltax #taxplanning #financialplanning #taxes #compliance #AdaptOrDie #internationalbusiness #offshore #expats #investors #offshore #liveyourbestlife #flagtheory #InternationalEntrepreneur #entrepreneur #htj.tax

source