While purchasing real estate in Portugal one should pay:
1) IMT (Imposto Municipal Sobre asTransmissões Onerosas de Imóveis) – property transfer tax.
In 2010, its rate was calculated as follows:
For proper and permanent housing:
Real estate price | Rate, % | Parcela aabater |
Up to 90.418 | 0% | 0% |
From 90,418 to 123,682 EUR | 2% | 1.808,36 EUR |
From 123,682 to 168,638 EUR | 5% | 5.518,82 EUR |
From 168,638 to 281,030 EUR | 7% | 8.891,58 EUR |
From 281,030 to 561,960 EUR | 8% | 11.701,88 EUR |
Over 561,960 EUR | 6% | 0 EUR |
For non-permanent / non-core real estate:
Real estate price |
Rate, % |
Parcela aabater |
Up to 90.418 |
1% |
0% |
From 90,418 to 123,682 EUR |
2% |
904,18 EUR |
From 123,682 to 168,638 EUR |
5% |
4.614,64 EUR |
From 168,638 to 281,030 EUR |
7% |
7.987,40 EUR |
From 281,030 to 538,978 EUR |
8% |
10.797,70 EUR |
Over 538,978 EUR |
6% |
0 EUR |
After counting the percentage of the value of the real estate in Portugal Parcela aabater is to be subtracted.
2) Imposto do selo (Stamp duty on real estate transactions) - 0.8%.
3) The notary fees and expenses of registration of the transaction in the local municipal body.
Real estate owners in Portugal pay annually:
4) IMI - ImpostoMunicipal sobre Imóveis (municipal real estate tax in Portugal)
The tax rates range from 0.2 to 0.6%.