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A ship mortgage is a legal instrument that allows a vessel to be used as security for a debt, much like a mortgage on real estate. On 27 August 2020, Law No. 56/2020 introduced significant changes to the rules governing…
The transfer of assets by individuals may trigger liability to personal income tax (IRS), particularly in the case of real estate. In such cases, taxation falls under Category G of the IRS (capital gains), pursuant to Article 10(1)(a) of the Portuguese Personal Income Tax Code. But what happens when what…