
A lot of people are asking me about taxes in Portugal, so here is some important and essential information about taxes!
Some notes for you:
IMT 7.5% + 0.8% stamp tax duty
It is possible to waver this if you buy through a property investment company under the condition that you sell the property under three years and re-invest the capital.
Non résident in portugal the tax for purchase 28% which is applied to the value that is added . (Capital gains)
If you are a Portuguese fiscal resident :
a) sale of your main residence – total reinvestment of the capital of the sale of the property , then you are not subject to paying taxes on the capital gains.
b) Sale of your main residence – partial reinvestment of the sale – you will be taxed proportionally on the amount that is not reinvested
This amount will be applied to 50% of the capital gains.
c) Sale of secondary residence :
You will be taxed on 50% of the capital gain.
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A.V.B.
*DISCLAIMER: Any information on tax regimes available at this channel is intended for general guidance only and must not be considered a substitute for advice provided by a professional lawyer or tax expert.
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