Property Transfer Tax Portugal

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 for 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.

PROPERTY transfer tax BASICS

  • For residential properties, the amount of tax depends on the sale price according to the purchase contract and ranges between 2-6%.
  • An exemption from property transfer tax in Portugal applies to properties intended for permanent residence and whose taxable asset value or deed value according to the purchase contract is less than €92,407. If the property is located in the Autonomous Region of Madeira or Azores, the exemption applies up to a value of €115 508.75.
  • For land, the property transfer tax in Portugal is always the same fixed rate of 6.5% for urban and 5% for non-urban properties.
  • Commercial real estate also has a fixed property transfer tax IMT of 6.5% on the sales price.

Instructions for simulating the taxes can be found within the calculator.

Calculate your property's IMT

* IMT is a tax on onerous transfers of properties in Portuguese territory.

This is the final price that you pay for the property. If you include other objects like furniture or websites in the purchase, you should get a separate price for them. They are not part of the IMT. 1. Property Price:

2. Location:

3. Property type:

IMT to pay:

€0.00

Stamp duty:

€0.00

Total IMT tax to pay:

€0.00

Here you can simulate a business case study for short or long-term rentals for a period of five years.

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