Below is a general guide to the taxes you are liable to pay with regard to property or land transactions in Cape Verde. When you sell property in Cape Verde there are no property taxes to pay. However property purchase is subject to the following taxes:
This is charged at a flat rate of 3% of the property value and is paid prior to the signing of the deed of purchase and sale.
This tax is charged at a flat rate of 3% on 25% of the value of the property and is paid annually every April (or in two installments in April and September).
Any inherited or gift property is taxed at a flat rate of 3% on the attributed value of the property.
For more detailed tax information, please contact us and speak with a specialist Cape Verde property advisor.
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