GLOBAL
TAX
Taxes
SPAIN
• Non-residents are taxed on Spanish-source income
• For capital gains progressive rates apply
• Stamp duty is applicable at 0,5-1%
• Capital acquisitions tax is 7%
• As real property tax the municipal authorities levy a real estate tax, with a temporary surcharge of up to 10%
• Inheritance estate tax ranges from 7-34%
PORTUGAL
• Non-residents are taxed on their Portuguese-source income only
• Real estate income is taxed at a flat rate of 28%
• A municipal tax is levied on property sales and transfers
• 10% stamp duty on inheritance/estate tax with exceptions on a few cases
• No net wealth/net worth tax
Our affiliation with a prestigious global tax representative, ensures CPM clients are supported throughout the whole process.
CPM GLOBAL does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.