Portugal › Finance, Currency, Insurance & Taxes › What property taxes do I have to pay on my Portugal property? › Reply To: What property taxes do I have to pay on my Portugal property?
For UK citizens like me, ie non-resident property buyers in Portugal these are the one’s I’m aware of.
- Transfer tax and stamp duty
- Annual ‘wealth tax’ if the property is valued over €600,000
- Possibly capital gains tax in both the UK and Portugal
- Inheritance taxes
I would highly recommend you get some help with your cross-border tax planning to ensure you get things setup correctly to minimise your tax obligations and be able to sleep at night!