• Kosten für den Erwerb von Immobilien in Portugal

    • After finding your dream home and analyze the value of the property you want to purchase, must add up to the value of the property, all costs associated with the purchase process.



      The cost of acquisition of real estate in Portugal can vary greatly depending on the situation of the buyer, the value of the property, and the context of purchase, IE if a housing credit has been made or not.
      Let's analyze the costs and benefits involved in the acquisition of real estate in Portugal.


      IMT (Municipal Property Transfer Tax on Real Estate)

      This tax is a percentage value applied on the value of the property, and is applied whenever there is a change of ownership over immovable property in Portugal. The values range from 2% to 8% on the transaction value of the property, being applied the following formula using table 1 as a reference:

      IMT = Acquisition Value X Marginal Rate - Portion to be deducted


      It should be noted that this value changes in the case of acquisition of a property that is not for permanent residence (i.e. property for vacation or investment), in this case applies the same formula, but use the table 1.2 as references.

      Stamp duty

      This value is applied to the value of the acquisition of property in Portugal using the following formula:

      Stamp duty = Acquisition Value * 0,008.


      A second stamp duty in case it is necessary to have recourse to bank loan, in this case is applied the following formula:

      Stamp duty on the value of credit = Loan amount * 0,006.


      IMI (Municipal Property Transfer Tax Real Estate)

      IMI is an amount paid annually, and is applied to the taxable value. The book value is defined by the CIMI (Municipal property tax Code), so you may change from region to region, since each Municipality has the power to decide the percentage value to invoice, which can hover between 0.3% to 0.8%.

      There is the possibility to enjoy some benefits, like for example:
      - in the case of urban rehabilitation projects, where special rates are applied,
      - in the case of the taxpayer (or his household) whose income, taxable amount for purposes of IRS does not exceed about 153 000€
      - and yet some other exemptions as exemptions from real estate investment funds and real estate touristic usage.

      It is possible to enjoy a few more exemptions, but that should be examined on a case by case basis.

      Additional expenses

      You can count even with additional expenses involved in the process of the Deed, such as expenses on Notary with an approximate retail value of 300€*, and 225€ for registration. In case you've resorted to credit these housing values climb to around 600 €* in the notary and 400€ for registration.

      *These values are approximations and the costs involved with Notaries vary from entity to entity, and may also fluctuate depending on the value of the property.
    • 1.Table for personal and permanent residence

      Acquisition value
      Marginal
      Tax
      To be Deducted
      Up to 92.407,00€ 0% 0,00
      From 92.407,00€
      Up to 126.403,00€
      2% 1.848,14€
      From 126.403,00€ Up to 172.348,00€ 5% 5.640,23€
      From 172.348,00€
      Up to 287.213,00€
      7% 9.087,19€
      From 287.213,00€ Up to 574.323,00€ 8% 11.959,32€
      Superior to 574.323,00 6% -



      1.2 Table for non-permanent Housing (vacation or investment)

      Acquisition value
      Marginal
      Tax
      To be deducted
      Up to 92.407,00€ 1% 0,00
      From 92.407,00€
      Up to 126.403,00€
      2% 924,07€
      From 126.403,00€ Up to 172.348,00€ 5% 4.716,16€
      From 172.348,00€
      Up to 287.213,00€
      7% 8.163,12€
      From 287.213,00€ up to 574.323,00€ 8% 11.035,25€
      Superior to 574.323,00 6% -


      Example of purchase without credit:

      A retired French couple decide to buy a property in Portugal, valued at € 170,000. This value is added the IMT, the stamp duty and additional expenses.

      Using table 1 as references we know:

      IMT = 170.000€ X 5% - 5.640,23€ = 2.859,77€

      In this case the IMT would 2,859,77€, the stamp duty:
      170.000€ X 0.008 = 1.360,00€

      and adicional expenses, 300,00€* in Notary and 200,00€ for the Registry, making a total of 4.719,77€ over the value of the property. (in this case there was no bank credit).