Buying land to build for rent gets no capital-gains relief
In a binding ruling, the tax authority says the exemption created to push property onto the rental market covers only the purchase of an already-built home. Buying a plot and constructing a house to let does not qualify.
Why it matters for your move
If your plan was to sell one property and put the money into building a rental, the tax bill is not the one you budgeted for. The relief applies to finished homes only.
This is Re-locant.com’s own brief, written to explain what the update means for people moving to or living in Portugal. For the full original report, see the source below.