Latest news and stories about capital gains in legal in Portugal for expats and residents.
The Ministry of Finance has upheld the Tax Authority's restrictive interpretation of IRS capital gains exemptions for real estate, confirming the legality of their stance on properties in ruins and mixed-use assets.
An analysis of the paternalistic nature of the Portuguese State, arguing that it prioritizes its own survival and tax collection over the well-being of citizens. The text criticizes fiscal policies that penalize independent workers, the inefficiency of the tax system, and the opportunistic approach to inflation and public spending, concluding that the State acts in its own interest rather than serving the people.
Tax authorities have ruled that homeowners cannot claim capital gains tax exemptions for selling property within one year of purchase if the household expansion, such as the birth of a child, occurred prior to the property acquisition.
Housing used, in whole or in part, for work in the 12 months prior to sale prevents access to the tax benefit, says the Tax Authority, in a case involving a retired lawyer who was still working from home.
A new court ruling contradicts a previous decision by the Supreme Administrative Court and upholds the Tax Authority's interpretation regarding the taxation of capital gains from the sale of undivided inherited property.
Non-resident taxpayers in Portugal are subject to stricter rules regarding capital gains tax on real estate, being excluded from significant tax benefits such as the reinvestment scheme for primary and permanent residences, according to a recent binding ruling from the Tax Authority (AT) published on the Finance Portal. The interpretation comes in response to a...
The Tax Authority has closed the door on any flexibility regarding deadlines for reinvesting capital gains in a primary residence to qualify for an IRS exemption. In a recent binding ruling, the Tax Authority concluded that delays in urban planning licensing—even when proven—do not justify extending the 36-month legal deadline.
The sale of a property received through inheritance is subject to personal income tax (IRS) when the asset itself is transferred, rather than the right to the inheritance or the hereditary share, clarifies the Tax and Customs Authority (AT) in a binding ruling published this Monday on the Finance Portal. The interpretation follows a request submitted...
Tax expert Nuno Oliveira Garcia analyses the final version of the State Budget for 2026 and explains whether taxpayers will save or pay more in income tax, property tax, and capital gains tax on inheritances.
The tax authority clarifies that it is possible to move the amount after ten years without any penalties
