Municipal Property Transfer Tax (IMT)
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Municipal Property Transfer Tax (IMT)


Municipal Property Transfer Tax

  • 1. Tax basis

    IMT is levied on the transfer for consideration of real estate located in the Portuguese territory. Such transfers may also be subject to Stamp Tax. IMT is due by the purchaser and levied on the purchase price or on the VVPT, whichever is higher.

    IMT extends the taxable basis to several types of legal acts which grant an economic result similar to the transfer of the ownership over a real estate, such as:

    - The assignment of promissory agreements ensued by the utilization of the property;

    - Lease agreements for more than 30 years;

    - The acquisition of 75% or more of the share capital of a company owning real estate located in Portugal.

    - The assignment of promissory agreements which contains clauses under the terms of which the purchaser may transfer his contractual position to third parties;
    - The assignment of contractual position by the purchaser in promissory agreements;

    Irrevocable power of attorneys granted by the promissory purchaser to third parties.

  • 2. Rates
    IMT Taxable amount Rate
      Marginal rate Deductible amount 
    (€)
    0 - €92.407 0% 0
    > €92.407 a €126.403 2% 1.848,14
    > €126.403 a €172.348 5% 5.640,23
    > €172.348 a €287.213 7% 9.087,19
    > €287.213 a €550.323 8% 11.959,32
    > €550.323 a €1.000.000 6% (fixed rate)
    > €1.000.000 7,5% (fixed rate)

    - Urban property exclusively used for residential purposes:

    IMT Taxable amount Rate
      Marginal rate Deductible amount 
    (€)
    0 - €92.407 1% 0
    > €92.407 a €126.403 2% 924,07
    > €126.403 a €172.348 5% 4.716,16
    > €172.348 a €287.213 7% 8.163,12
    > €287.213 a €550.836 8% 11.035,25
    > €550.836 a €1.000.000 6% (flat rate)
    > €1.000.000 7,5% (fixed rate)

    - Urban property used for purposes other than residential and other acquisitions: 6.5%;
    - Urban and rural property acquired by a resident in a blacklisted jurisdiction: 10%.

  • 3. Payment
  • 4. Exemptions

Contacts

(+351) 217 909 500

Available Monday-Friday, from 9:30am - 12:30pm and 2:30pm - 5:30pm (GMT +00:00)

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