Often the beneficiaries of a property in Portugal will think about selling the property soon after. This can be for a number of reasons, such as:
They have no use for the property
They need the money to pay for something else
The property brings back too many memories to visit it again
Whatever the reason for thinking about selling the property, it makes sense, as much as possible, to tie in the sale with the inheritance. Doing this can save money and time.
In practice, however, this can be difficult as often Estate Agents will refuse to list the property until the deed of acceptance of Inheritance has been signed. It can also be dangerous to wait for a buyer as this can often take you over the voluntary period for paying the inheritance taxesâ€â€meaning that you end up paying a fine and interest.
Our Portuguese inheritance lawyers will be happy to advise on the options for dealing with a property in Portugal that you have inherited, allowing you to get the outcome you want as quickly as cost-effectively as possible with the least stress possible.