Taxes

Portugal — Tax: Inheritance and Gift Tax (No Wealth Tax)

Portugal does not levy a traditional inheritance or estate tax on the value of a deceased person's estate, nor does it have an annual net wealth tax. Instead, transfers of property and assets upon death or as lifetime gifts are subject to Stamp Duty (Imposto do Selo) at a flat rate of 10%. Close relatives — including spouses, civil partners, children, grandchildren, parents, and grandparents — are completely exempt from this 10% Stamp Duty on inherited or gifted assets. A separate 0.8% stamp duty remains applicable to any real estate transfers, even when the transfer occurs between these exempt close family members.

Autoridade Tributária e Aduaneira · Last verified 2026-07-17

Key Facts

  • Portugal has no annual net wealth tax.
  • Portugal abolished traditional inheritance tax in 2004, replacing it with Stamp Duty.
  • The standard Stamp Duty rate on inherited or gifted assets is a flat 10%.
  • Spouses, civil partners, descendants, and ascendants are fully exempt from the 10% tax.
  • Gifts between non-exempt individuals exceeding €500 in value are subject to the 10% tax rate.
  • Real estate transfers via inheritance or gift always incur an additional 0.8% Stamp Duty.
  • Inheritances must be declared to the tax authorities (Modelo 1) by the head of the household within three months.
  • Assets situated outside Portugal are not subject to Portuguese Stamp Duty.

Related Topics

tax-residency
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