Property Tax in Cape Verde
The tax laws in the Cape Verde islands are as follows:
Cape Verde - Transfer Tax
Charged at a basic flat rate of 3% on the value. Must be paid before the title deed is complete
Cape Verde - Annual Rates
Standard flat rate of 3% on 25% of the value, paid annually in April
Cape Verde - Capital Gains Tax
1. Plots for construction, are liable for capital gains tax if their sale value exceeds 100% of the original value.
2. Property units, are liable for capital gains tax if the sale value is more than 30% over the original buying price.
3. In both 1. and 2. the capital gains tax is set at a flat rate of 3% and must be paid within 30 days of the title deed being signed.
Cape Verde - Inheritance/Gift Tax
A property that transfer's ownership by inheritance or by gift will be taxed at a basic flat rate of 3% of the property value.