Inheriting Property in Portugal: Stamp Duty

When inheriting property in Portugal, taxes are often a major concern—especially for international families. In this episode, we clarify how Stamp Duty (Imposto do Selo) applies to inherited property, who is exempt, and why compliance matters even when no tax is payable.

🔎 In This Episode, You’ll Learn:

1️⃣ The 10% Stamp Duty Rule

Portugal does not impose a traditional inheritance tax. Instead, inheritances fall under Imposto do Selo, generally charged at a flat rate of 10% on the value of assets transferred by inheritance.

2️⃣ Who Is Usually Exempt

The following beneficiaries are typically exempt from paying the 10% Stamp Duty when inheriting property:

• Spouses

• Descendants (children, grandchildren)

• Ascendants (parents, grandparents)

While the tax may not apply, reporting obligations still remain and must be fulfilled.

3️⃣ Who Is Subject to the Tax

Heirs who are not direct family members—such as siblings, nieces, nephews, or unrelated beneficiaries—are commonly subject to the 10% Stamp Duty.

4️⃣ Why Proper Reporting Is Essential

Even exempt heirs must:

• Declare the inheritance

• Comply with filing and documentation requirements

• Ensure property registrations are correctly updated

Failure to do so can cause delays, penalties, or issues with future transactions.

This episode provides a straightforward explanation of how Stamp Duty affects inherited property in Portugal—helping heirs and advisors avoid surprises and stay compliant.