Property Transfer Tax (Imposto Municipal sobre Transmissôes Onerosas de Imóveis – IMT) is paid by the buyer when there is a transfer of ownership of real estate in Portugal. The percentage of tax charged can range from 1% to 8%, depending on the purchase price, the location of the property and whether it is first or second home in Portugal. The acquisition of more than 75% of the share capital of a Portuguese company that owns real estate located in Portugal, is also subject to IMT.
IMT rates 2020 | |
Property Type | Tax Rate % |
| Rural Property | 5 |
| Other urban properties and other acquisitions for consideration | 6.5 |
| Property acquired by companies located in a ‘blacklisted jurisdiction’ | 10 |
Properties for habitation that are considered as a permanent place of residence are subject to IMT according to the following table.
IMT rates 2020 | ||
Rate % | ||
Value (in euros) | Marginal | Medium |
Up to €92,407 | 0 | 0 |
+ €92,407 up to €126,403 | 2 | 0.5379 |
+ €126,403 up to €172,348 | 5 | 1.7274 |
+ €172.348 up to €287,213 | 7 | 3.8361 |
+ €287,213 up to €574,323 | 8 | – |
+ €574,323 up to €1 million | 6 | |
Above €1 million | 7.5 | |
Secondary residences are taxed according to the following table.
IMT rates 2020 | ||
Rate % | ||
Value in euros | Marginal | Medium |
| Up to €92,407 | 1 | 1 |
| + €92,407 up to €126,403 | 2 | 1,2689 |
| + €126,403 up to €72,348 | 5 | 2,2636 |
| + €172,348 up to €287,213 | 7 | 4,1578 |
| + €287,213 up to €550,836 | 8 | – |
| + €550,836 up to €1 million | 6 | |
| Above €1 million | 7.5 | |
Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.
