Residential Property transfer tax (IMT) Portugal

The process of buying property in Portugal consists of two parts or procedures. Once the offer is accepted a written contract is signed called a Contrato Promessa Compra e Venda or a promissory contract of purchase, containing the terms of the sale and a non-refundable deposit of usually 10%. The remainder of the agreed sale price to be paid on the date of the notarised deed of sale, or escritura.

*Legal representation is highly recommended and is common practice.

Values ​​updated by the State Budget for 2017 and based on Own and permanent housing and in Continental Portugal

Sale Price of Property Rate % Deduction

< 92.407,00€ 0% –

92.407,00€ - 126.403,00€ 2% 1.848,14€

126.403,00€ - 172.348,00€ 5% 5.640,23€

172.348,00€ - 287.213,00€ 7% 9.087,19€

287.213,00€ - 574.323,00€ 8% 11.959,32€

> 574.323,00€ 6% 0,00 €

Stamp duty: App. 0.8% of the sale price.

e.g. Sale Price of Property = (270,000€ x 0,07%) - 9.087,19€ = 9.812,81€

Total payable 9.812,81 + 2.160,00 Stamp Duty @ 0.8% =11.972,81€

Simulator of IMT