Latest news and stories about first home in finance in Portugal for expats and residents.
BPI currently holds 30% of the public guarantees issued under a government program that allows young people up to age 35 to secure 100% financing for their first home. The government authorized 18 credit institutions to participate in this protocol, which officially began in December 2024.
The Portuguese Tax Authority has clarified that young people under 35 are ineligible for first-home tax exemptions if they already own shares in residential properties, regardless of whether those shares were acquired through inheritance or donation.
Young people up to the age of 35 who only hold a share in an undivided inheritance consisting of houses do not lose the right to exemptions from Municipal Property Transfer Tax (IMT) and Stamp Duty (IS) when purchasing their first permanent home, the tax authority clarifies. This understanding is contained in an information note.
