| Property Value | Tax | Amount To Be Deducted |
|---|---|---|
| 0 – € 92.407 | 0% | 0% |
| € 92.407 – € 126.403 | 2% | - 1.848,14 Euros |
| € 126.403 – € 172.348 | 5% | - 5.640,23 Euros |
| € 172.348 – € 287.213 | 7% | - 9.087,19 Euros |
| € 287.213 – € 574.323 | 8% | - 11.959,32 Euros |
| More than 574.323 Euros | 6% | No Deduction |
| Property Value | Tax | Amount To Be Deducted |
|---|---|---|
| 0 – € 92.407 | 1% | 0 |
| € 92.407 – € 126.403 | 2% | - 924,07 Euros |
| € 126.403 – € 172.348 | 5% | - 4.716,16 Euros |
| € 172.348 – € 287.213 | 7% | - 8.163,12 Euros |
| € 287.213 – € 550.836 | 8% | - 11.035,25 Euros |
| More than 550.836 Euros | 6% | No Deduction |
IMT: this is the tax that you have to pay if you purchase a property in Portugal. The following table is applicable since 1st of January 2011 and for the moment still valid.
CALCULATION SAMPLE based on investment for holidays, renting or just investment: If you purchase a property in Portugal with the value of 200K Euro the basic tax is of 7% - but the tax office will deduct 8.163,12 Euros of the amount - you will pay for this property 5.836,88 Euros purchase tax (IMT) .
The following costs are to be considered on top of the IMT (unique purchase tax):
1) Notary: Between 300 – 500 Euros
2) Stamp Tax: 0,8% calculated on the amount of the final property transaction value
3) Registrations: Between 100 - 200 Euros
4) Solicitor / Lawyer: Between 1.000 Euros – 1.500 Euros + 23% VAT (depending on the solicitor / lawyer)
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