Portugal IMT Tax Calculator

Being aware of the Property Purchase Tax (IMT) is crucial if you’re preparing to buy a house in Portugal. The reason for this is that IMT is one of the most significant costs incurred when purchasing your property in Portugal.

It is better to be aware of the most expensive tax you’ll pay when purchasing a property in Portugal. As a result, having a better understanding of IMT allows you to plan your budget more effectively both during and after purchasing your property in Portugal.

We aim to present you with all of the necessary facts about IMT Portugal. You can discover what it is, how to calculate it, and when and how to pay for it. Let’s understand the ABCs of IMT calculators.

What is IMT Portugal?

The property buyers pay IMT Portugal tax to the Portuguese state following onerous transfers of rights on a property. Ultimately, the IMT is paid whenever a financial transfer occurs between a buyer and a seller. This financial transfer happens during the acquisition of a Property in Portugal. IMT is the primary tax to consider when organizing your budget since it is the most expensive tax you’re required to pay when you’re purchasing a property in Portugal.

The amount of IMT you’ll need to pay varies based on numerous aspects. Those include the location and use of the property, the tax rate, which ranges from 1 to 8 percent, and the taxable equity value of the property or the acquisition value of the property deed. However, in some cases, it may be possible that properties may be exempt from these IMT payments.

How to Calculate IMT

Here are the factors of how the Portuguese IMT is calculated:

• Acquisition price (furniture excluded)
• The ultimate purpose of the purchased property
• The property’s location (whether it’s on the Portuguese mainland or the Azores/Madeira islands)
• If you’re purchasing the property as a secondary home or primary residence.