| OFFSHORE COMPANIES |
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There are significant advantages for some buyers purchasing property outside their country of domicile in making the acquisition through a property holding company. |
| Financial advice should always be sought before purchasing property in Portugal. |
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Advantages
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Mitigation of local inheritance taxes on the property in the event of the
death. • Freedom from local succession laws. • Elimination in most cases of local transfer and capital gains taxes • Simplification of procedure upon resale and confidentiality of ownership. • Limited liability. • The opportunity to hold the shares of the company in a Common Law Trust. |