Capital Gains on sale of villa held by a trust

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Capital Gains on sale of villa held by a trust


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Old 17th February 2019, 08:11 PM
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Default Capital Gains on sale of villa held by a trust

Capital gains made on the sale of the shares of an offshore company which holds a villa in Portugal we’re introduced last year. I believe that previously such offshore gains were not subject to tax in Portugal.

If the company is held in a trust are the trustees liable for the taxation.
Does anyone know what percentage is to be paid, by whom and at what point in the sale transaction? For example when the trustees receive the proceeds or when the proceeds are distributed to the trust beneficiaries?

Any information will be much appreciated.

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