In this webinar, John McNertney, CFP®, GFP Fellow, Managing Partner, and Ryan Ahrens, CBDA®, CIO/Partner, were joined by our very own Jake Schwartz, Associate Advisor at Green Ocean Global Advisors, LLC. We walked through how Portugal taxes capital gains on property and securities; what changed in 2026; and why the Portuguese answer is only half the answer if you file a U.S. tax return.
Some of the relevant issues that were addressed include:
- How Portugal actually calculates a gain — the 50% inclusion on residential property and the flat 28% on securities with the holding-period step-downs. We'll walk the mechanics with real numbers before we go anywhere near strategy.
- What changed for 2026, and the window it opens — the new reinvestment exclusion for proceeds put into residential rental housing, which runs through 2029 and comes with conditions worth understanding before you sell, plus the new EU crypto reporting rules that took effect in January.
- The question we get most — "If I reinvest and owe nothing in Portugal, am I done?" Short answer: the IRS doesn't recognize a Portuguese exclusion, and the two systems have to be planned together or they work against each other.
- We'll also touch on FIFO lot rules, how losses carry forward, and what to sort out before you move rather than after.
We hope you enjoy!
