Transferring ownership of a car – Cars, Transport & Getting Around – Expats Portugal Community Forum
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Transferring ownership of a car

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Posts: 9
 Mads
Community Member
Topic starter
(@mads)
Member
Joined: 1 year ago

Hi All, Hope the sun is shining there whatever part you are in - I am looking for some advice on car selling/ transferring.

I visit P three or four times a year and like to have a car to get around. Renting is a pain. I want to buy a runaround and keep it parked at my friend's garage. As far as I can gather, to do this, I need to get a NIF, which would be ok I guess because being a non tax resident, I wouldn't have yearly tax returns costs etc, I really don't need all that.

My friend has a house there, owned by a offshore company he had to buy to get the house, and has offered to have the car transferred into the company and then I would be able to drive it by just having my driver's licence.

I don't know much about offshore companies and Portuguese tax etc but I imagine plenty of tourists have places there done in such ways. I don't want to get my friend into trouble and don't know much about the process in general, but not warming to the NIF idea either (maybe will be other fiscal obligations )...

Any advice very welcome!

8 Replies




Posts: 1971
VIP Member
(@jonesdn2020)
Member
Joined: 2 years ago

No sunshine here. Lots of rain. You do need a NIF to buy the car if I remember correctly. Then comes whether you need a fiscal rep. If your friend is a resident he could be your rep. Not much else unless you get flagged as crossing some boundary on time or circumstances that PT could flag you as a tax resident  

Transferring the ownership is out of my realm. Not sure about the taxes etc. 

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Posts: 2673
Community Member
(@martin)
Member
Joined: 17 years ago

offshore companies...many have the scars on their back with those things

brief recap - once the "thing to do" was to buy offshore as recomended by lawyers, agents, accountants etc

then the govt decided to put extra tax on them resulting in either have to close the firms down and transfer the asset into  the owners real name at great expense, those who didnt have the thing around their neck and if they can sell then the new owner aquires all the tax due and problems associated

simple answer - offshore - barge pole - dont touch

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Posts: 571
VIP Member
(@antonio_f)
Member
Joined: 1 year ago

To buy a vehicle you need a NIF (person) or a NIPC (company), passport/ID/Residence Permit and proof of adress. A company can own a vehicle, but must pay the yearly tax (IUC), take it to the yearly inspection (IPO) and have insurance.

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1 Reply
Premium Club Member
(@itexpert7)
Joined: 2 years ago

Member
Posts: 278

@antonio_f 
But does the person's address need to be in Portugal?
And when does the IPO start, on year 3 or on year 4 of the car's life?

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Posts: 571
VIP Member
(@antonio_f)
Member
Joined: 1 year ago

Yes, a portuguese car needs a portuguese adress. IPO takes place at year 4, 6, 8, 9, 10, 11, etc...

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