Supreme Administrative Court concludes that foreign companies are not entitled to a tax discount on real estate capital gains

Jornal Expresso

Media Conglomerate: Impresa

Supreme Administrative Court concludes that foreign companies are not entitled to a tax discount on real estate capital gains

The North American company sold a property worth 3 million euros in Loulé and was not satisfied with the tax collection made by the tax authorities, which considered all the capital gains. Supreme Administrative Court proved the State right by denying the possibility of taxation taking into account only 50% of earnings, as is the case with taxpayers of the IRS