Capital gains on a property

Lex · Post by **Lex** » Sun Aug 14, 2005 1:08 pm

Could anybody clarify whether CGT is 15% or 25% of the gain you make on selling a property for a non-resident in Portugal ?

Thanks all

Bruxinha · Post by **Bruxinha** » Mon Aug 15, 2005 12:58 pm

I believe it to be 25% of the whole amount of the gain for a non-resident, when I last checked. If I am wrong no doubt someone will correct me.

biffa · Post by **biffa** » Sun Aug 21, 2005 7:29 pm

yep - 25% of the gain

Jaylay · Post by **Jaylay** » Sat Aug 27, 2005 10:37 am

Does anyone know if there is a sliding scale on this, depending on how long you have owned the property?

Guest · Post by **Guest** » Sat Aug 27, 2005 11:15 am

The 25% is s flat rate but there are inflation factors to apply to the original declared value to determine the capital gain made. The inflation allowance is higher the longer that you have owned the property. I can't remember the exact figures but I recall that a factor of 2 applied at 1989 when CGT was introduced, If you have owned the property since before 1989 no CGT is payable.

Capital gains on a property

Capital gains on a property

cgt