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On this page you can obtain updated information and simulators for
On this page you can obtain updated information and simulators for
In Portugal, the capital gain resulting from the sale of a property is subject to IRS, being considered a category G (asset increases). The taxable amount is calculated as the difference between the sale value and the acquisition value, and certain associated expenses can be deducted. However, the sale of a permanent home can be exempt from this tax if the proceeds are reinvested in the purchase of another permanent home.
In Portugal, for exemption from capital gains tax on the sale of a home, the sale proceeds must be reinvested in another home within 36 months of the sale. If the reinvestment is not total, the tax will be charged on the uninvested portion. If the new home is bought within 24 months of the sale of the previous home, the sale proceeds must be used to pay off the loan on the new home.
In Portugal, the capital gain resulting from the sale of a property is subject to IRS, being considered a category G (asset increases). The taxable amount is calculated as the difference between the sale value and the acquisition value, and certain associated expenses can be deducted. However, the sale of a permanent home can be exempt from this tax if the proceeds are reinvested in the purchase of another permanent home.
In Portugal, for exemption from capital gains tax on the sale of a home, the sale proceeds must be reinvested in another home within 36 months of the sale. If the reinvestment is not total, the tax will be charged on the uninvested portion. If the new home is bought within 24 months of the sale of the previous home, the sale proceeds must be used to pay off the loan on the new home.
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The taxable value is calculated as the difference between the sales value and the acquisition value.
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The taxable value is calculated as the difference between the sales value and the acquisition value.
Capital Gains Simulator
Capital Gains Simulator
PERSONAL IDENTIFICATION
Valid identification document, such as a citizen card or passport, and Fiscal Identification Number (NIF).
PROOF OF INCOME
Recent pay stubs, income tax returns, pay slips, or documents proving other income.
EMPLOYMENT INFORMATION
A statement from your employer confirming your employment status and income, or proof of activity for self-employed workers.
STATEMENT OF FINANCIAL STATUS
A list of your current expenses and debts, including loans, credits, and charges on other properties.
INFORMATION ABOUT THE PROPERTY
A promissory contract or any other document that describes the property and its market value. The bank will probably perform its own appraisal.
INFORMATION ABOUT THE DOWN PAYMENT
Proof of funds available for the down payment, if applicable, banks usually require an initial down payment of at least 10% to 20% of the purchase price of the property.
CREDIT HISTORY
Although you do not need to provide this directly, the bank will check your credit score and history with the Bank of Portugal or another credit entity.
LIFE AND PROPERTY INSURANCE
Banks usually require buyers to have life insurance and property insurance as a condition of the loan.
This is the basic information that will be requested, but each bank may have additional or specific requirements.
PERSONAL IDENTIFICATION
Valid identification document, such as a citizen card or passport, and Fiscal Identification Number (NIF).
PROOF OF INCOME
Recent pay stubs, income tax returns, pay slips, or documents proving other income.
EMPLOYMENT INFORMATION
A statement from your employer confirming your employment status and income, or proof of activity for self-employed workers.
STATEMENT OF FINANCIAL STATUS
A list of your current expenses and debts, including loans, credits, and charges on other properties.
INFORMATION ABOUT THE PROPERTY
A promissory contract or any other document that describes the property and its market value. The bank will probably perform its own appraisal.
INFORMATION ABOUT THE DOWN PAYMENT
Proof of funds available for the down payment, if applicable, banks usually require an initial down payment of at least 10% to 20% of the purchase price of the property.
CREDIT HISTORY
Although you do not need to provide this directly, the bank will check your credit score and history with the Bank of Portugal or another credit entity.
LIFE AND PROPERTY INSURANCE
Banks usually require buyers to have life insurance and property insurance as a condition of the loan.
This is the basic information that will be requested, but each bank may have additional or specific requirements.
Credit Simulator
Credit Simulator
When applying for a home loan, banks will usually ask for the following information:
When applying for a home loan, banks will usually ask for the following information:
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