What You Should Know About IMT When Buying Property in Portugal
If you’re considering buying property in Portugal, one of the key costs to factor into your budget is the IMT (Imposto Municipal sobre as Transmissões Onerosas de Imóveis), or Property Transfer Tax. This tax is applied when purchasing real estate in Portugal and is calculated based on the property’s purchase price or the property’s tax value, whichever is higher.
If you’re considering buying property in Portugal, one of the key costs to factor into your budget is the IMT (Imposto Municipal sobre as Transmissões Onerosas de Imóveis), or Property Transfer Tax. This tax is applied when purchasing real estate in Portugal and is calculated based on the property’s purchase price or the property’s tax value, whichever is higher.
