Council Rates on Onerous Building Transmission
IMT
The IMT levies on onerous transmissions, of property’s right or parts of this right, on buildings located in the Portuguese territory. The IMT is the tax on the cost of the contract or act, according to the higher one.
Taxes that are applied as IMT are the ones that appear in the following table:
| Purchase of urban buildings Habitation | Marginal tax | Average tax |
|---|---|---|
| Until €89 700 | 0 | 0 |
| From more than €89 700 to €122 700 | 2 | 0,537 9 |
| From more than €122 700 to 167 300 | 5 | 1,7274 |
| From more than €167 300 to 278 800 | 7 | 3,836 1 |
| From more than €278 800 to 557 500 | 8 | - |
| More han €557 500 | 6 – unique tax | |
The IMT taxes that are applied to other buildings are as follows:
| Purchase of other buildings | Taxes |
|---|---|
| Rustic buildings | 5% |
| Other buildings or other onerous acquisitions | 6,5% |
| Urban or rustic buildings, whose buyer is resident in a territory subject to fiscal rules clearly more attractive | 15% |
Exemptions
Are exempted of IMT:
- Purchases of buildings for own and permanent habitation until €89.700,00
- Purchases of urban buildings as long as they are located in areas that benefit the incentives to interior and long-term business activity
- Purchase of buildings through “Fundos de Investimento Imobiliário” (FII)
- Purchase of buildings for re-sale, made as part of the purchase activity of buildings for re-sale, as long as the building is re-sold, without being re-sold again, within three years.