Property Transfer Tax (“IMT”)
What rates are applicable for IMT?
The IMT rates will depend on the nature and value of property
Residential Properties
- Urban property for permanent residential purposes (*) (**)
| Taxable amount, in Euros |
Rates |
Deductible amount, in Euros |
| Up to 92.407 |
0% |
0 |
| More than 92.407 to 126.403 |
2% |
1.848,14 |
| More than 126.403 to 172.348 |
5% |
5.640,23 |
| More than 172.348 to 283.213 |
7% |
9.087,19 |
| More than 283.213 to 574.323 |
8% |
11.959,32 |
| Above 574.323 |
6% |
0 |
(*) Only applicable to residents
(**) Applicable in Continental Portugal
- Urban property for residential purposes (e.g. holiday house) (***)
| Taxable amount, in Euros |
Rates |
Deductible amount, in Euros |
| Up to 92.407 |
1% |
0 |
| More than 92.407 to 126.403 |
2% |
924,07 |
| More than 126.403 to 172.348 |
5% |
4.716,16 |
| More than 172.348 to 287.213 |
7% |
8.163,12 |
| More than 287.213 to 550.836 |
8% |
11.035,25 |
| Above 550.836 |
6% |
0 |
(***) Applicable in Continental Portugal
For example:
A holiday house bought at 300.000 Euros, will be liable to IMT of 12.964,75 Euros (=300.000 Euros x 8% - 11.035,25 Euros).
| |
Rates |
| Urban property for touristic purposes (e.g. apartment in a condo hotel resort) |
6,5% |
| Other urban property (land for construction; commercial and industrial properties) |
6,5% |
| Rural land |
5% |
| Properties held by a company registered in a jurisdiction included in the Portuguese black-list of tax heavens. (****) |
8% |
(****) Some territories such as Delaware, Oklahoma and Malta are not included on this list
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