Portugal Capital Gains Tax
Detailed capital gains tax rates and rules for Portugal in 2026.
Capital gains in Portugal are generally taxed at a flat rate of 28% for individuals. Gains from the sale of real estate are added to 50% of the taxpayer's other income and taxed at the applicable progressive IRS rates, unless the taxpayer opts for the flat 28% rate. For securities (shares, bonds, and other financial instruments), gains are taxed at the flat 28% rate, though taxpayers may elect to aggregate these gains with other income and be taxed at the progressive rates if this results in a lower tax liability. Non-residents are generally exempt from capital gains tax on the sale of Portuguese securities, except for gains on shares in companies whose assets are predominantly composed of Portuguese real estate.
Standard Rate
28%
Exemptions
- Reinvestment relief on gains from the sale of a primary residence if proceeds are reinvested in another primary residence within the EU/EEA within 36 months
- Gains on the sale of a primary residence by individuals aged 65 or older, if proceeds are reinvested in eligible life insurance or pension fund contributions within six months
- Shares acquired before January 1, 1989, are exempt from capital gains tax
- Certain venture capital and social entrepreneurship fund investments may benefit from reduced rates or exemptions
- Small gains from the disposal of movable property (non-securities) below annual de minimis thresholds
How Portugal Capital Gains compares
Portugal’s capital gains tax rate of 28% is the 19th highest of 203 countries TaxAtlas tracks, above the global average of 13.8% and Europe’s regional average of 17.8%.
