monaco capital gains tax

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August 1st, 2020

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Capital gains derived from the transfer of shares are subject to a tax rate of ten percent of the total income.The transfer of assets located in Portugal during the donor's life (gifts) or after the donor's death (inheritances) is taxed by the same tax – Gifts and inheritances are subject to a tax rate of 10 percent (if real estate is transmitted as a gift, there is also a tax of 0.8 percent). In case of residents in Portugal, the capital gains derived from the transfer of property are only taxed on half of their value and the applicable tax rate depends upon the resident's aggregate income.If a person sells their permanent residence and reinvests the capital gain obtained in the acquisition of another permanent residence in Portugal, the capital gain is not taxed. Capital gains derived from the transfer of real estate or shares, or other investments, are also considered as income and, as such, they are also taxed by the Personal Income Tax. For this exemption to apply, there are some requirements that must be fulfilled.Capital gains derived from the transfer of shares are subject to a tax rate of ten percent. However, capital gains arising from transfer of real estate or shares from a Private Limited Company (LDA) are exempt from taxation if the assets were acquired before 1989.In case of residents in Portugal, the capital gains derived from the transfer of property are only taxed on half of their value and the applicable tax rate depends upon the resident's aggregate income.If a person sells their permanent residence and reinvests the capital gain obtained in the acquisition of another permanent residence in Portugal, the capital gain is not taxed. Instead of applying this tax rate, the tax payer may choose to aggregate this with their income.The capital gains derived from the transfer of shares are not subject to taxation if those shares are from a Public Limited Company (SA), if they are delayed for more than one year, and as long as no more than half of the asset is not in real estate.In the case of non-residents, capital gains derived from the transfer of real estate are taxed in total and they are subject to a tax rate of 25 percent. However, if the transfer of the property is made during the donor's life the spouse, ascendants and descendants are exempt from stamp duty and only have to pay 0.8 percent of the real estate value.Select a country to get an instant quote for health insurance

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