IMT - Property Transfer Tax

 


Tax basis

The IMT - Property Transfer Tax is a municipal tax levied on the transfer of ownership of any property located in Portugal and due by the buyer or third parties.

 

Nature of Purchase and Property Type Rates
Urban buildings shown on tables below
Rural property 5%
Commercial and other urban properties
6,50%
The acquirer is a tax resident in an offshore country 10%

 


Permanent habitation (main residence)
Property Value (€) Rate (%) Amount to Deduct (€)
01Up to 92,407 0 -
02From 92,407 to 126,403 2 1,848.14
03From 126,403 to 172,348 5 5,640.23
04From 172,348 to 287,213 7 9,087.19
05From 287,213 to 574,323 8 11,959.32
06Above 574,323 6 -

 


Secondary habitation (holiday homes or tourism rentals)
Property Value (€) Rate (%) Amount to Deduct (€)
01Up to 92,407 1 -
02From 92,407 to 126,403 2 924.07
03From 126,403 to 172,348 5 4,716.16
04From 172,348 to 287,213 7 8,163.12
05From 287,213 to 550,836 8 11,035.25
06Above 550,836 6 -

 


Exemptions

  • Acquisition of properties for resale by Real Estate companies;
  • Acquisition of real estate by Real Estate Investment Funds;
  • Operations of concentration or cooperation (as Mergers, Split-ups or spin-offs).