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@juliajonesjy

What is the probability that the Portuguese Tax Authorities will know about the sale?

@juliajonesjy

When I sold my house in the UK 16:years ago and bought in Austria, no one cared about it. I'm guessing because it was from another country and didn't affect their rules.

So I'm pretty sure the same would apply to Portugal.

Hello,

you must check if there is a tax convention between Portugal and the country where your property is located, applicable to income tax.

Marie.

@juliajonesjy
When I sold my house in the UK 16:years ago and bought in Austria, no one cared about it. I'm guessing because it was from another country and didn't affect their rules.
So I'm pretty sure the same would apply to Portugal. - @SimCityAT

It actually doesn't, even if a person has NHT status. Capital gains from a property sale abroad is taxed in Portugal. The question is: Will they find out, or not.

@juliajonesjy

Tax residents in Portugal are obliged to declare all their income, regardless of where it was obtained. When a tax resident sells a property abroad, they must consider the taxation rules in Portugal, which can vary depending on double taxation agreements and the nature of the capital gains. It is important to understand how these sales impact tax liability, as there may be exemptions or calculation methodologies that reduce the tax due. There is always cross-information, it's up to each one to decide what to do... why don't you enquire about this at a tax office?

If you apply the capital gains to the purchase of another house in Portugal, you don't pay tax on it. You have a deadline for doing this, you have to do this up to 36 months after the sale or 24 months before. If you don't use the capital gains to buy another house, as a general rule you pay 28% tax on 50% of the capital gains obtained from the sale of the property. That's the general rule, but there are deductions...