https://albufeira.com/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Sat, 16 May 2026 01:18:07 +0000 Sun, 05 Dec 2021 09:26:19 +0000 https://blogs.law.harvard.edu/tech/rss Web Wiz Forums 12.03 360 albufeira.com/forum/RSS_post_feed.asp?TID=12026 https://albufeira.com/forum//images/albufeira-forum-logo.png https://albufeira.com/forum/ https://albufeira.com/forum/selling-property-query_topic12026_post115866.html#115866 Author: peteknopp
Subject: 12026
Posted: 05/December/2021 at 09:26

I am not sure re primary or seconary residence. If you buy another property in Europe within 3 years this can be offset and its likely you pay the 28% on 50% of the profit. If you have any vat included improvement invoices from last 3 or 5 years they can be offset. There is plenty of info online if you google cgt Portugal.]]> Sun, 05 Dec 2021 09:26:19 +0000 https://albufeira.com/forum/selling-property-query_topic12026_post115866.html#115866 https://albufeira.com/forum/selling-property-query_topic12026_post115865.html#115865 Author: animallover
Subject: 12026
Posted: 05/December/2021 at 08:53

Good morning

I bought a property 5 years ago and it's registered as my secondary home because at that time I was just coming out on holiday. I've now got residency and have been living in Portugal for 3 years. I want to sell my house and buy another but a real estate has said I'm liable for Capital Gains Tax of 28% because title deeds state my current property is not listed as my principal residence. I thought you didn't pay CGT if you were buying another property regardless of secondary or principal home. Has anyone sold recently to share their experience? TIA]]> Sun, 05 Dec 2021 08:53:07 +0000 https://albufeira.com/forum/selling-property-query_topic12026_post115865.html#115865