Inheritance and Gift Taxation in Portugal

Published on August 31, 2010 by Italian Reporter · No Comments

Inheritance and Gift Taxation (Imposto sobre as sucessoes e doacoes)

Taxation is levied upon Inheritance of a Portuguese property or if you give the Portuguese property away. The relevant rates vary depending upon the value of the Portuguese property and on the relationship between the parties. The gift and inheritance tax rates are as follows:

Portugal Inheritance and gift tax was abolished on 1.1.2004, when relating to close relatives, parents, spouses and children.
The tax for non close inheritors was replaced by 10% stamp duty.

	Up to €70,000	From €70,000 to €275,000	From €275,000 to €700,000	From €700,000 to €1,375,000	From €1,375,000 to €3,450,000	From €3,450,000 to €6,850,000	Over €6,850,000
In favour of minor children	-	4%	7%	10%	14%	18%	23%
In favour of spouses and other descendants	-	6%	9%	12%	16%	20%	25%
In favour of ascendants or between brothers and sisters	7%	10%	13%	16%	21%	26%	32%
Between 3rd degree collaterals	13%	17%	21%	25%	31%	38%	45%
Between any other persons	16%	20%	25%	30%	36%	43%	50%