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)