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A taxpayer asks whether Model 720 must be filed for a property in Lisbon with no change in value after renouncing ownership and income to a partner. The DGT responds that the obligation continues as long as ownership or beneficial ownership is maintained.
Taxpayers retaining ownership or beneficial ownership of foreign real estate must continue to file Model 720.
The tax team reviews your specific situation.
Partner-attended · reply within 24 business hours
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