Tag Archives: IMT

Portugal Property Tax (IMT – Imposto Municipal Sobre Transmissão Onerosa de Imóveis)

The Portuguese IMT (Imposto Municipal Sobre Transmissão Onerosa de Imóveis) is similar to the UK’s stamp duty* and must be paid on all property purchases. *There is also a Portuguese Stamp Duty to be paid on deeds, mortgages and loans.

There are now 2 different scales for IMT, one for permanent residences and one for second homes. For 2011 the IMT rates are as follows:

Permanent Residence Purchase Price (euros) % of Purchase Price Adjustment (reduce by euros) Up to...