PT
EN
DE
FR
ES
IT
NL
SE
DK
NO
PL
CN
RU
FI
AR
CA
Find out how to obtain exemption from capital gains on the sale of real estate (2022-2024)
Have you sold a house since 2022? Find out if you are exempt from capital gains
If you sold a house between 2022 and 2024, there is a possibility that you will be exempt from paying capital gains. This measure is part of a set of Government initiatives to support the Portuguese in the context of the housing crisis.
What does the capital gains exemption consist of?
The exemption applies to the sale of second homes or building land, provided that the amount obtained is used to repay a mortgage for own and permanent housing. This measure is regulated in Law No. 56/2023, approved in October 2023, which introduced a special and transitional regime for the taxation of capital gains.
What are the requirements to benefit from the exemption?
To take advantage of this exemption, it is necessary to comply with two essential requirements:
-
Destination of the sale value: After repaying the mortgage originally taken out to acquire the property sold, the remaining amount must be applied to the repayment of a mortgage intended for a taxpayer's own and permanent home or that of his household.
-
Deadline for application of the amount: This application must be made within three months from the date of sale of the property.
Application period
This exemption is valid for sales made between January 1, 2022 and December 31, 2024. This is a temporary measure, with the aim of offering some financial relief to owners facing the challenges of the current housing market.
Relevant support for owners
This initiative is part of a broader context of measures aimed at mitigating the effects of the housing crisis in Portugal. In addition to alleviating the tax burden on sellers, it promotes the channeling of resources to the housing stabilization of families.
If you are thinking of selling a property or have already made a sale recently, be sure to check if you meet the requirements to benefit from this exemption. Good organization and proper planning can translate into significant savings.