The Municipal Tax on Onerous Property Transfers (IMT) is an indirect tax levied on the purchase of property.
At the time of the transaction, the buyer is responsible for paying this tax, which is one of the most important tax obligations for anyone purchasing a property. The amount of IMT payable is determined based on the purchase price of the property, with the applicable rate varying according to the type and value of the property.
This tax is paid by the buyer at the time of the transaction.
The tax applies to all property transactions, with the rate set by the Portuguese State and varying according to the purchase price.
The applicable rate for properties valued at over €550,000 is 6%. For rural properties or other types of buildings, the rates are 5% and 6.5%, respectively.

IMT rate structure:

Urban properties
For urban properties, the rates are progressive, i.e. the IMT rate increases according to the value of the transaction. The current table establishes that the rate applicable to properties with a purchase value of more than €550,000 is 6%. However, for properties with values below this, the rates vary between 1% and 6%, depending on the value of the property. The IMT table presents a series of brackets ranging from 1% (for lower values) to 6%, with rates applied progressively.

Rural buildings
The IMT rate for rural buildings is 5%. This type of property includes agricultural, forestry, or other non-urban land.

Other types of buildings (properties not classified as urban or rustic)
For other types of buildings, the IMT rate varies according to their specific characteristics, but is generally 6.5%. This may include, for example, mixed-use buildings or other properties that are not clearly defined.

IMT table
The IMT table is organised by brackets, with a specific rate applied to each price range. For low-value urban properties, rates start at 1%, increasing progressively as the transaction value rises. In the case of very high-value properties, IMT can reach 6%.

This tax is one of the main sources of municipal revenue and has a significant impact on the cost of purchasing a property. As the value of IMT can be substantial, it is important for buyers to take it into account in their total budget when purchasing a property.
In addition, IMT is only one of the taxes associated with the purchase of property, and there are other possible charges, such as Stamp Duty and notary fees, which must also be taken into account when calculating the total cost of purchasing a property.

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