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Capital gains tax on your property in Portugal: When and what will you pay?

Your Portuguese property has been sold. You’ve made a nice profit on it. But can you keep this profit entirely to yourself or will you have to pay tax on it? This will depend on a variety of factors which we will clearly list in this article.

Portugal in top 3 safest countries!

Portugal is in the top 3 of the 2019 Global Peace Index, the ranking of the safest countries in the world! Portugal is beaten only by Iceland and New Zealand on this list of the safest countries, and is ranked far higher than neighbouring countries such as Spain and France.

How to transfer money to Portugal?

Buying a property abroad can be an incredibly exciting but stressful time. A good preparation makes all the difference; whether it is about finding the right property, choosing the right lawyer or transferring money to another currency. If the money to purchase your dream property is currently available in British Pounds, US Dollars or Swedish Krona or one of the many other currencies, you will have to exchange to Euros to buy the property.

What are the costs when buying in Portugal?

If you want to buy a property in Portugal, it is important to have a clear understanding of the costs you will have. What are the costs at the moment of buying? What are the returning costs after the purchase? To help you get a clear overview, we have listed the costs below for you.

Why invest in the Algarve?

Why is the Algarve the best option to invest in a second home? What are the advantages of buying a second home in the Algarve? You will see the top 10 reasons why the Algarve is the right choice.

Algarve Property Market review 2018

The housing market in Portugal is booming: now is the right time to invest! 2018 was a good year for the property market in Portugal and the outlook of 2019 is positive as well. The market is and will continue to grow, while at the same time the Portuguese economy keeps on growing too. The number of sales is rising fast and so is the number of investors hooking up on the favorable housing market in the Algarve. Since 2016/2017, we have seen various new construction projects being launched. This makes it the right time to invest in a second home in Portugal.

What is the role of a lawyer in Portugal?

If you buy a property in Portugal, it is recommended to appoint a lawyer. In Portugal it is the lawyer who represents the legal interests of yourself as a buyer when purchasing in Portugal. Think of checking on charges and mortgages, but also making the promissory contract and do all preparations necessar for the title deed.

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