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| Until recently the rules on inheritance tax were very complicated in
Portugal, with rates varying according to the value of the inheritance and how you were related to the beneficiary. However recently they have been overhauled and they are now much simpler to understand. You can now leave your property to a spouse, child or parent without them incurring any inheritance tax. If you leave it to a third party, they will have to pay
a fixed rate stamp duty (Imposto de Selo) of 10%. |
Portuguese Wills
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| It is advisable you make a Portuguese will. Under UK law any overseas assets must be disposed of according to the law of the land, and under Portuguese law, if there is no local will, your estate may be divided between your children and spouse.
A recent to change to the law in
Portugal
does mean however if you have a registered will within the United
Kingdom this can be utilised to divide assets upon the even of your
death. It is however advisable to speak with your lawyer in Portugal
about this matter |
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