Latest news and stories about tax exemption in Portugal for expats and residents.
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The Portuguese tax authority has clarified that capital gains tax exemptions for reinvestment are limited when a property owned individually is sold and replaced by a jointly purchased home, restricting the benefit to the owner's share.
The statements come after the Government announced that licensing requirements would be waived for these works.
Some salary bonuses exempt from IRS, such as productivity and performance bonuses, will not cause the tax rate to increase, the Tax Authority clarified. However, there are exceptions.
The tax authority clarifies that it is possible to move the amount after ten years without any penalties
