Cape Verde Tax Information

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:

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.

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).

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)

Inheritance/Gift Tax

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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