The Tax and Customs Authority (AT) has clarified that couples can maintain their young person's Municipal Property Transfer Tax (IMT) exemption if they move to a new home due to the birth of a child. The ruling specifies that the exemption remains valid as long as the original property continues to be used for housing purposes.
Tax authority clarifies young person's property tax exemption
Wednesday, 19 August 2026AI summary
Context & Explainers
The property transfer tax (Imposto Municipal sobre Transmissões Onerosas de Imóveis), commonly called IMT, is a one‑off tax paid when you buy real estate in Portugal and its rate depends on the property’s price and type. The exemption referenced by the finance minister lowers upfront costs for eligible young buyers, making it an important affordability measure for people trying to enter the housing market.
