In Portugal, only 50% of property sale gains are taxable, with the primary residence generally exempt. Since 2023, both residents and non-residents are subject to the same tax treatment.
Retirees or homeowners over 65 can benefit from tax exemption on gains from selling their main home if they reinvest the proceeds into savings plans or pensions. These gains must be reinvested into qualifying financial products.
For main homes, reinvestment relief is available if proceeds are used to purchase a new primary residence, which can be within or outside Portugal, provided it is in the EU or EEA. Strict deadlines apply for purchasing and occupying the new home, as well as declaring the intention to reinvest. Failure to meet these deadlines may result in tax liability, penalties, and interest.
