Cape Verde Investment Tax Planning

Due to the in-depth nature of the system, it is important that you consult an expert tax advisor when considering your purchase in Cape Verde. Here you can obtain a brief guideline to Cape Verde's property tax system. When you sell property in Cape Verde there are no property taxes to pay. However property purchase is subject to the following taxes:

Cape Verde - Transfer Tax

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.

Cape Verde - Holding Property / Annual Rates

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).

Cape Verde - Capital Gains Tax

• Capital gains on plots for construction are taxable if their sale value exceeds a 100% increase of the value at which they were initially purchased.
• Capital gains on any other property sale are taxable if their sale value exceeds a 30% increase on the value at which they were initially purchased. The capital gain is taxed at a flat rate of 3% and is payable within 30 days of the deeds, together with the submission of a "Declaracao de Mais Valias" (Capital Gains Statement)

Cape Verde - Inheritance/Gift Tax

Any inherited or gift property is taxed at a flat rate of 3% on the attributed value of the property in Cape Verde. For more detailed tax information, please contact us and speak with a specialist Cape Verde property advisor.

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