Tax Guide 2024 – Property Transfer Tax
ᐅ Last reviewed 08 August 2024
Tax basis
Transfer for consideration of real estate located in the Portuguese territory.
Rates
Type of property |
Rate (%) |
|---|---|
Rural property |
5 |
Urban property (except residential) and other acquisitions for consideration |
6.5 |
The acquirer is a tax resident in an offshores (except individuals) |
10 |
Urban property or autonomous fraction of urban property exclusively intended to permanent place of residence
| Value (€) | Marginal rate (%) |
Average rate (%) * |
|---|---|---|
Up to 101,917 |
0 |
0 |
+ 101,917 up to 139,412 |
2 |
0,5379 |
+ 139,412 up to 190,086 |
5 |
17,274 |
+ 190,086 up to 316,772 |
7 |
38,361 |
+ 316,772 up to 633,453 |
8 |
– |
+ 633,453 up to 1,102,920 |
6 (single rate) |
|
Above 1,102,920 |
7.5 (single rate) |
|
* On the upper cap
Urban property or autonomous fraction of urban property exclusively intended to residence (non-permanent):
Value (€) |
Marginal rate (%) |
Average rate (%) * |
|---|---|---|
Up to 101,917 |
1 |
1 |
+ 101,917 up to 139,412 |
2 |
12,689 |
+ 139,412 up to 190,086 |
5 |
22,636 |
+ 190,086 up to 316,772 |
7 |
41,578 |
+ 316,772 up to 633,453 |
8 |
– |
+ 633,453 up to 1,102,920 |
6 (single rate) |
|
Above 1,102,920 |
7.5% (single rate) |
|
* In the upper cap
Exemptions and reductions
Acquisition of properties by real estate trading companies for resale;
Acquisition of properties that have been subject to urban rehabilitation;
Business restructuring or cooperation arrangements;
Acquisition of buildings classified as national/public/municipal interest;
Acquisition of properties regarded as eligible investment under the Tax Regime for Investment Support (RFAI);
Acquisition of land for construction intended for the construction of residential properties and urban buildings or autonomous units acquired, rehabilitated or constructed to be allocated to the Lease Support Program (PAA).
First purchase of an urban building or an autonomous fraction of an urban building, up to 316,272 euros, intended exclusively for own and permanent habitation, by taxable persons up to 35 years of age who are not considered dependents for Personal Income Tax purposes in the year of the acquisition. For properties whose taxable value is higher than 316,772 euros and up to 633,453 euros, a marginal IMT rate of 8% applies.
© 2024 PwC. This communication is of an informative nature and intended for general purposes only. It does not address any particular person or entity nor does it relate to any specific situation or circumstance. PricewaterhouseCoopers Tax Services TLS, Lda. We will not accept any responsibility arising from reliance on information hereby transmitted, which is not intended to be a substitute for specific professional business advice.
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