What taxes do you have with the purchase of a House?
Before you start looking for your future property, you should be aware of the taxes you will have to pay.
Buying a property implies a series of costs that you should be aware of before you start looking for a house.
By defining these costs, you will be more aware of the value of the property you can buy.
What taxes will I have to pay?
IMT - Imposto Municipal sobre transacções onerosas de imóveis
The Municipal Tax on onerous transactions of real estate and varies for the following cases:
- Urban or Rustic Property;
- Location (on the continent or in the autonomous regions);
- Purpose (Own and permanent habitation or secondary habitation/investment).
Can it have IMT exemption?
To benefit from the IMT exemption the property will have to fulfil two requirements:
- It has to be destined to your Permanent Proper Habitation;
- The value of the property cannot exceed €92.407. In the Autonomous Regions this value is of €115.509.
IS - Stamp Duty
Stamp Duty is a fixed amount of 0.8% on the value of the property.
Formula: IS = Deed Value or Taxable Asset Value (whichever is greater) x Rate to apply.
If you resort to a Housing loan, you will also have to pay IS on the financed value:
- 0.6% in contracts with a term longer than five;
- 0,5% in contracts with a term inferior to five years.
Note: This tax is paid when the financed amount is transferred to your bank account.
You can make a simulation of the taxes to be paid in APEMIP's page: http://apemip.info/info/IMT.cfm



