Imposto Municipal Sobre Transmissão Onerosa de Imóveis (IMT)
You must pay any purchase tax (IMT) before you complete the sale and proof of payment must be shown to the notary.
There are 2 different scales for IMT, one applies to permanent residences and one for second homes, see below:
IMT for land only (prédio rustico) is 5%.
IMT for construction & urban properties not for habitation (eg Armazens) is 6.5%.
For mixed land (predios mistos) the rustic part attracts the flat rate of 5%, with the urban part rated either as the chart below or 6.5%.
IMT on other properties is on a sliding scale based on the value of the property:
| Permanent Residence | ||
|---|---|---|
| Purchase Price (euros) | % of Purchase Price | Adjustment (reduce by euros) |
| Up to €92,407 | 0 | 0 |
| €92,407 – €126,403 | 2% | €1,848.14 |
| €126,403 – €172,348 | 5% | €5,640.23 |
| €172,348 – €287,213 | 7% | €9,087.19 |
| €287,213 – €574,323 | 8% | €11,959.32 |
| over €574,323 | single flat rate of 6% | - |
| Non Permanent Occupation | ||
|---|---|---|
| Purchase Price (euros) | % of Purchase Price | Adjustment (reduce by euros) |
| Up to €92,407 | 1% | 0 |
| €92,407 – €126,403 | 2% | €924.07 |
| €126,403 – €172,348 | 5% | €4,716.16 |
| €172,348 – €287,213 | 7% | €8,163.12 |
| €287,213 – €574,323 | 8% | 11,035.25 |
| over €574,323 | single flat rate of 6% | - |
These figures are correct for 2011.
More information on purchasing property in Portugal at:
www.pureportugal.info/category/property-purchase
In this straightforward guide Gabrielle Collison shares her tips on how to minimise the risks and enjoy a trouble free purchase.
Written in plain English, with none of the hype, this guide contains:
* how to find reputable Portuguese real estate agents
* case studies from home buyers in Portugal like you
* how to get good legal advice for your Portuguese property purchase
* off-plan vs new-build vs resale vs self-build
* how to carry out your own checks on properties in Portugal
* step-by-step Portugal house buying flow charts
* tips for renting a property in Portugal
* advice on selling your Portuguese property
* how to decide where in Portugal to buy your home
* advice on relocating to Portugal and becoming a Portuguese resident
* and much, much more….