Property purchase costs in Portugal

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 2018:

Purchase for PERMANENT LIVING in Portugal

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%                                      0

SECONDARY HOUSING in Portugal
( Vacation / Rental / Investment – Secondary home )

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%                                    0

Rustic land                                    5%

Construction plots                       6,5%

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 400 – 600 Euros
2) Stamp Tax: 0,8% calculated on the amount of the final property transaction value
3) Registrations: About 250 Euros
4) Solicitor / Lawyer: Between 1.000 Euros – 5.000 Euros + 23% VAT (depending on the solicitor / lawyer and the price of the property).

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