Portugal » Taxes

Real Estate TransferTax	VAT	Inheritance and GiftTax

Real Estate Transfer Tax

A real estate transfer tax is payable in Portugal on the transfer of real estate. There is an exemption up to a purchase price of Euro 80,000 if the transfer concerns residential real estate. The basic rate of tax on urban real estate is 6.5%. Non-urban real estate transfers are taxable at 5%.

VAT

In most cases, VAT in Portugal is 21%.

Inheritance and Gift Tax

Portugal Inheritance and gift tax was abolished on 1.1.2004, when relating to close relatives, parents, spouses and children. The tax for non close inheritors was replaced by 10% stamp duty.