Taxes in Portugal

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Taxes in Portugal

Here is our quick guide to taxes in Portugal when buying a property in Portugal. For the full comprehensive list of all the taxes associated not only when buying but after purchase including rentals and income tax please fill out the form at the bottom of the page to download it instantly.

IMT

The biggest tax here in Portugal when you buy a property is called IMT (Imposto Municipal Sobre Transações) and it is calculated as a percentage of your purchase price; there is a variable discount against your percentage that is also dependant on your purchase price, but don’t worry if it’s confusing. We can explain it much clearer in person.

The range is from 2% to 6% on residential purchases, and 6.5% for commercial properties. Properties under 92,000 are exempt. The IMT can be paid moments before the deed.

Stamp Duty

0.8% of the agreed Purchase Price, to payed during the deed.

Lawyers’ Fees

Usually paid either in advance or 50/50, depending on the lawyer and the work involved at the beginning. Lawyers fees are broken into lots of different sectors such as Conveyancing, Fiscal Representation, Golden Visa Acquisition, and Non- Habitual Residence Application.

Notary and Land Registry Fees

These are also payable at or just after the deeds and usually total around 1,000€.

As the taxes you have to pay depend on your purchase price, it is difficult for us to put a number on it until you have chosen a property of interest, but expect 8% of your purchase to cover all stamps fees and taxes.

If you would like a full breakdown of all your taxes when buying and renting property in Portugal then please download our Guide to Portugal which includes everything you need to know when buying a house in Portugal.

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