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TAX AND LEGAL IN PORTUGAL WHEN BUYING/SELLING A PROPERTY

TAX REGIME FOR NON-HABITUAL RESIDENTS (NHR)

Competitive advantages:

  • For a period of 10 years, taxation related to IRS (personal income tax) on labour income in Portugal is at a fixed rate of 20%
  • No double taxation for pension incomes or for employment and self-employment income obtained abroad

You may have these doubts:

- How can you acquire Non-Habitual Resident Status?

- Once Non-Habitual Resident Status has been obtained, what is the taxation rate and incidence applicable to domestic source income?

- Once Non-Habitual Resident Status has been obtained, in which cases is foreign income obtained by Non-Habitual Residents in Portugal exempt from taxation?


Answers (click here)

Information leaflet Treasury Portal here (in PT)



GOLDEN RESIDENCE PERMIT PROGRAMME

New legal provisions open up the possibility of foreign investors who enters the country regularly (v.g. holders of valid Schengen Visas, or beneficiaries of Visa exemption) of applying for a  residence permit for pursuing investment  activities by transferring capital, creating jobs or acquiring real estate. 

Residence holders with permits for pursuing investment activities are entitled to: 

  • Enter Portugal without the requirement of a residential visa;
  • Live and work in Portugal, having to stay in Portugal for a period of at least 7 days in the first year and no less than 14 days in subsequent years;
  • Travel within the Schengen area without the need for a visa;
  • Benefit from family regrouping;
  • Request the assignment of Permanent Authorisation of Residence under Foreign Laws;
  • Request Portuguese nationally, through naturalisation, complying with the requirements of the Nationality Law.
This regime is not applicable to citizens who have Portuguese nationality and nationals of the EU and the European Economic Area.


You may have these doubts:


- Who can request a residence permit for investment activities?

- How should a request to acquire real estate be filled in?

- How can I request a residence permit for investment activities?

- Family Reunification

- Minimum permanent residency periods


Answers (click here)




WEALTH TAXES

Before moving on, you should know that the concept of property used in Portugal is 

"full ownership"

, which is based on the full and exclusive right to use, enjoy and have immovable property at your disposal. This right gives the Portuguese property system an important competitive advantage.


The Municipal Tax on the Transfer of Property for a Valuable Consideration and Stamp Duty is charged on the acquisition of property.


You may have these doubts:

- What is the Municipal Tax on the Transfer of Property for a Valuable Consideration?

- What is Stamp Duty?

- What is Taxable Value?

- Who is responsible for paying the taxes?

- When should these taxes be paid?

- How are the taxes paid?


Answers (click here)


(This information is not intended to be a substitute for consulting the applicable legislation)

SOURCE: Turismo de Portugal (Living in Portugal)



BREXIT

RESIDENCE RIGHTS IN PORTUGAL FOR UNITED KINGDOM NATIONALS AFTER THE UNITED KINGDOM’S WITHDRAWAL FROM THE EUROPEAN UNION (BREXIT) - click for more information



Flyer (click here)



(This information is not intended to be a substitute for consulting the applicable legislation)

SOURCE: Serviço de Estrangeiros e Fronteiras (SEF)


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