The property transfer tax in Portugal – IMT (Imposto Municipal Sobre as Transmissões Onerosas de Imóveis) – is the tax on property purchases in Portugal. The property transfer tax in Portugal is payable on almost every change of ownership of a property. The tax is applied together with the stamp duty (“Imposto de selo”) 24 hours before the purchase (“escritura”) by the notary and you are then given a corresponding payment order.
You can either pay the tax directly at the tax office or via online banking. However, a Portuguese bank account is required for online banking. The notary will not proceed with a sale without confirmation of payment of the IMT.
Here you can simulate a business case study for short or long-term rentals for a period of five years.
Instructions for simulating the taxes can also be found within the calculator.
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