PropertyLisbon – A Guide on Taxes in Portugal
PropertyLisbon has compiled this quick and simple guide on taxes in the country of Portugal that are relevant to purchasing a property in the country. For the full and comprehensive list of all the taxes in the country of Portugal that are associated not only with the purchase of the property but also with the after-purchase timeline, which includes the rentals as well as the income taxes, please fill out the form that we have provided at the bottom of the page to download it instantly.
The IMT Tax
The largest tax in the country of Portugal when one makes a purchase of a property is called the IMT tax – the Imposto Municipal Sobre Transações -. The IMT tax is payable as soon as the investor has done the deeds process of the purchase, and it is calculated as a percentage of the purchase price.
There may be a variable discount against the percentage, but it is dependent on the value of the initial purchase price. If this sounds confusing to you, do not fret, we can explain it all in much greater detail and with much greater clarity to you in person. Which is why we encourage you to contact us and schedule and appointment.
The range of the IMT tax is usually somewhere between two percent and up to six percent on residential property purchases, while it stands at the flat rate of six point five percent on purchases of commercial properties.
The properties the value of which is below ninety two thousand Euros are exempt from the IMT tax. This tax is payable at the deeds part of the process of purchase.
The Stamp Duty Tax
The zero point eight percent of the agreed upon purchase price payable at the deeds part of the process of purchase.
The Lawyers Fees Tax
The lawyer fees tax is usually paid either in advance or fifty-fifty on the lawyer and the work involved at the beginning. The lawyer fees taxes are usually broken down into a number of different sectors such as – the conveyancing tax, the fiscal representation tax, the Golden Visa acquisition tax, and the non-habitual residence application tax.
The Notary Tax and The Land Registry Fees
Both of these are also payable at the or just after the deeds part of the process of purchase, and usually total at around one thousand Euros.
As the taxes will be dependent on the purchase price of the property, it is kind of difficult for us to put a definite number on it until the investor has chosen a specific property of interest. Therefore, as a rule, if the investor allows eight percent above their purchase to cover everything they should not be far away. Anyone who would like to receive a full breakdown of all their taxes when purchasing and renting out property in the country of Portugal is welcome to download our comprehensive Guide to Portugal which includes everything that is needed when purchasing property in our country, along with all our advice relevant to the subject
350.000 Golden Visa Properties
Lisbon Golden Visa Apartments
Portugal Golden Visa Property Investment
Property Lisbon Golden Visa Apartments
Bright 2 bedroom apartment in Baixa on a recently refurbished building. Spacious living room with 40 sqm, one bedroom on suite (16 sqm), another bedroom with 14sqm, fully equipped kitchen with 12 sqm . All areas with AC, double glazed windows, wood shutters, pinewood flooring, high ceilings and elevator. Enjoy Lisbon’s lifestyle from the heart […]
The genesis of the neighborhood of Graça relates to the foundation of Convento dos Agostinhos, which took place in the thirteenth century, under the name of Santo Agostinho. In 1305 this became the Convento da Nossa Senhora da Graça, which later gave the name to the neighborhood itself. The Graça neighborhood, which in these times […]
The neighborhood located in the upper area of Almirante Reis Boulevard is a quite residential yet filled with small traditional shops. This traditional part of Lisbon is filled with constructions form the fifties and sixties and is a lively neighborhood. The A.R. 246 development fits in the original design of this neighborhood. The refurbishment of this […]
This beautiful brand new property nearby the Marina will be finished by the beginning of 2021. This new development will feature an outdoor pool, children’s pool, indoor heated pool with a fantastic jacuzzi and also a gym. The entire project will also have gardens, storage room, underground parking and terraces with traditional tiles. The two […]
Bright apartments on a new development close to Av. da Liberdade and nearly finished – completion estimated for July. All units come with fully equiped kitchen, some having private terraces and parking spaces. A good investment for its location, suitable for short and long term rental. All units made with most modern apliances and constructive […]
Located in the middle of downtown Lisbon, next to the Rossio square and to major luxury shops, the Garcia 38 is surrounded by luxury shops, theaters, museums, cafes, restaurants and touristic attractions, to enjoy the best that Lisbon has to offer at a walking distance. Baixa has been going through some significant renovations which made […]
PROPERTY LISBON NEWS
Portugal Golden Visa Costs Make sure that you are provided with a full and transparent quote as travel expenses, government fees and taxes, and professional fees all add to your total Golden Visa costs. No matter which investment route you are taking, you must consider visa application fees, issuing fees, and the
Golden Visa – Citizenship by Investment The Golden Visa program has been put in place by the Portuguese government in order to make the Portuguese citizenship, residency, and immigration, simpler, easier, and faster to acquire by foreign investor, and PropertyLisbon.com is here to be your closest partner on this
Property Lisbon Who are we? If you are looking to buy a beautiful family home, a Lisbon property investment, or a buy-to-let, Property Lisbon is here to offer you assistance and our years of experience in the property market of Portugal. Our team of experts will work alongside you every step of the way and make
The Increase of Value of the Portuguese Property and the Golden Visa The Portuguese property market remains in a very strong position relative to all other global property markets, according to the latest RICS
Lisbon – Your Dream Property Location Lisbon, the vibrant capitol of Portugal, is arguably one of the most attractive cities in Europe to invest in, for many reasons. Lisbon is experiencing something of a renaissance at present, as the city’s rich history, inexpensive rent, attractive aesthetics, and high