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
€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%

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