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Inheritance and Gift Taxation in Portugal

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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                From                   From                    From                   From                 Over
                                                     €70,000           €275,000         €700,000            €1,375,000        €3,450,000     €6,850,000
                                                     to €275,000    to €700,000    to €1,375,000   to €3,450,000  to €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 orbetween
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%