We made a list for you of the expenses involved when buying in Portugal. Please keep in mind that laws and rates are subject to change over time. Always ask us for a detailed quotation of all costs involved before starting the buying process to know exactly what to expect.
For urban construction this is 1% of the purchase value (until € 93,331) and any value above that is charged according to a a scale between 2% and 7,5%. If you buy a house for your permanent living in Portugal, you are exempt of this tax. Rural land is charged with 5% of the purchase value. Industrial building are charged with 6,5% of the purchase value.
Example: when you buy a house of € 90,000 the IMT will be 1%: € 900
When you buy a piece of land of € 25,000 the IMT will be 5%: € 1,250
If you buy a mixed property (both with registered house and land) the notary will assign a value to the house and the land and charge the accompanying taxes.
- Stamp Tax (Imposto de selo)
This tax is 0,08% of the purchase value.
Your property need to be registered on your name after the deed. Costs of this registration will vary for urban articles and rural articles. Costs per article are between: € 100 and € 250,-
The solicitor / notary assembles all paper work and makes the promissory contract (if needed) and final purchase contract. She executes the official process of signing the deed with the seller and buyer. These costs are € 300,- – € 500