PAF Law Firm

Inheritance tax

Transfer of an Inheritance Share: Is It Subject to Personal Income Tax (IRS)?

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 is transferred is not the […]

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Ship Mortgages

Ship Mortgages under Portuguese Law – Law No. 56/2020

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 ship mortgages registered under the Madeira International Shipping Register (MAR), by amending Decree-Law No. 96/89

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