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.
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.
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.