Everything you need to know about Capital Gains Tax in Portugal
In simple terms, capital gains correspond to the profit made on the sale of an asset, i.e. the difference between the price at which you sold the asset and the price at which you bought it. This difference can be positive and represent a capital gain, or negative and represent a capital loss. This financial concept applies to various assets, including both tangible ones like real estate and intangible ones like financial products. However, what might raise eyebrows is that these gains aren’t free from taxes. Let’s take a look at capital gains tax in Portugal.