Family business: tax effects on corporate transactions in Portugal

Resumen

This study systematizes the Portuguese tax regime of corporate transactions in family business. After a short reference to family business in the context of European Union and in Portugal it is established the central point of the analysis: the irrelevance of the classification as family enterprise for tax purposes. However, the precedent inference does not influence the main lines of examination and the conclusions. In order to ensure a correct and complete analysis there are identified several legal aspects related to the taxation of income generated by family business and earned by the members of the family.  At last it is scrutinized the legal tax regime applied to shares transitions by inter vivos or mortis causa transactions.