Does Portugal have an inheritance tax?
In Portugal, it's important to mention that close family members such as parents, spouses, and children are exempt from paying this tax. Anyone else, is subject to taxation related to inheritance which is known as Stamp Duty. This particular tax applies to both gifts given during one's lifetime and assets inherited after someone passes away. It's worth noting that Portuguese Stamp Duty is solely applicable to assets situated within Portugal. For instance, when a property is gifted to someone outside of close family, a 0.8% Stamp Duty is required to be paid. On the other hand, if individuals receive gifts or inherit goods without any charge, a 10% Stamp Duty is levied.
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