For its 23^rd of April edition, the Jornal de Negócios spoke to Tiago Marreiros Moreira about the new tax rules for capital gains on real estate.

The new rules raise a number of questions relating to the taxation of capital gains made from the beginning of the year onwards but before the new law came into force.

The VdA partner, who heads up the Tax area, asserts that “... liability to taxation occurs whenever a property is sold”, the date of “31^st of December merely serves to indicate whether or not the taxpayer must pay IRS”, and, thus, “it is peremptory to assert, if the law goes ahead, that it will be applied to a taxable event that took place before it came into force”.