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Property Tax To Pay In Portugal

Discussion in 'Portugal Property' started by rogil, Mar 18, 2008.

  1. rogil

    rogil New Member

    Could some kind person please tell me how much currently would a developer pay in tax.

    For example: If I build 2 properties and sell them for 200,000 euros each what would my tax bill be?

    Thank you all in advance.
     
  2. pedroguerreiro5

    pedroguerreiro5 New Member

    that depends of many things, like:

    will the developer be a company or a single person?

    if you going to sell for 200,000... what is the expected cost on the building process?

    The profit tax for non residents in Portugal is around 25%, but if this is a company will not be applied as you can allways re-invest the profits...

    So if you need more help, we need more info

    kind regards

    PG
     
  3. rogil

    rogil New Member

    Thank you PG.

    I don't think I asked the correct question, tax on profits I know I will have to pay, not sure how much!

    What I meant, I think, is:

    Is there any VAT to pay, I think in Portugal it is called IVA. So, if I sell for 200,000 do I pay VAT/IVA and how much?

    Thanks for your help.
     
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