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The System of Property Purchase in Portugal
At Direct2 we ensure that all required paperwork is in position
before we even show you a property. We are a Government Licensed Real Estate in
Portugal Licence AMI 7244.
We will ensure that the property has the Property Registration
Certificate.( Certidão de Teor ), the Property Tax document (Caderneta
Perdial ) License of Use
( Licença de Utilização ) Buying
and selling contract ( Contrato promessa compra e venda )
We will help you gain your Personal Fiscal Number
( Numero fiscal de contribuinte ) which you must have to be able to complete a purchase of property in Portugal.
When buying a property in Portugal it is best to add
a minimum of 15% to cover extra costs, including Lawyers AND Transfer Tax ( IMT- IMPOSTO
MUNICIPAL sobre TRANSMISSOES) This tax must be paid before the Final Deed
|
 |
| Value of the property transaction |
% of Tax |
Amount to deduct |
| (in
millions) |
Plus |
| under €
85.500 |
0% |
0 |
| From
a € 85.500 until € 117,200 |
2% |
1.71 |
| From
a € 117.200 until € 159,800 |
5% |
5.226 |
| From a € 159,800 until € 266.400 |
7% |
8.422 |
| From
a € 266.400 until € 532.700 |
8% |
11.086 |
| Over €
532,700 |
rates set at 6% |
|
| Plot of Land (Rustic) |
rates set at 5% |
|
| Plot of Land (Urban) |
rates set at 6.5% |
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Buying Property 