2025 Tax Guide – Property Transfer Tax

Tax basis

Transfer for consideration of real estate located in the Portuguese territory.

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).

• First purchase of an urban building or an autonomous fraction of an urban building, up to € 324,058, 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 € 324,058 and up to € 648,022, a marginal IMT rate of 8% applies.

_{The contents presented are of a general and purely informative nature, not intended for any particular entity or situation, and do not replace obtaining appropriate professional advice for specific cases. PwC makes every effort to keep the 2025 Tax Guide updated; however, it cannot guarantee its up-to-date status at all times.}
 

^{© 2025 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.}