Maria Pia Soutinho is the author of the opinion article entitled "Taxation of capital gains derived from the transfer of real estate in Portugal", published in the digital edition of ITR (International Tax Review).
Maria Pia Soutinho discusses Portugal’s regime in relation to the taxation of capital gains from the transfer of real estate earned by non-residents: “Under the regime in force until 2007, capital gains derived from immovable property, when earned by residents, were only considered at 50% of their value and subject to taxation by application of the progressive rates provided for the taxation of individuals (rating between 14% and 48%); whereas when earned by non-residents, this type of income was taxed in its entirety at a rate of 28%”.
Read the article here.
