Property: Imt news in Portugal

EDP dam sale business risks paying double IMT and Stamp Duty

Fraud allegedly allowed two million in IMT savings on the sale of a single property

One of the defendants is António Barão, who was involved in the sale by Novo Banco of a package of more than 5,000 properties to a Cayman Islands fund. The scheme to evade IMT tax allegedly caused a loss of 66 million.

Young person's IMT exemption for home purchases rises by 2.3% to 338,000 euros

The State Budget proposal for 2027 (OE2027) updates the IMT brackets by 2.3%, increasing the threshold up to which young people are exempt from the tax by approximately 7,600 euros, reaching 338,141 euros.

Housing: "Tax authorities should refund IMT to young people with undivided inheritances"

The Tax and Customs Authority (AT) should refund the IMT property transfer tax to young people who were unable to benefit from the tax exemption because they hold a share in an undivided inheritance containing real estate, argues the head of the Order of Notaries in statements to Lusa. On May 15, the AT clarified that the existence of a share in an undivided inheritance, with...

Fiscal package for housing published: Government drops obligation to return VAT if buyer moves house before one year

In the document approved in Parliament, it was foreseen that the tax benefit would be returned if the house ceased to be the buyer's permanent residence in less than a year. Now, only the 10% increase in IMT applies.

Portugal young people with an undivided inheritance retain exemption from Property Transfer Tax

João Duque: "It's unfair that buying a luxury car costs practically nothing while a home, which is essential, costs so much"

The OECD recommends that Portugal lower the IMT (property transfer tax) and raise the IMI (municipal property tax), particularly for vacant homes. The recommendations come at a time when parliament approved a package of measures intended to help resolve the housing problem. We analyse the impact on the property market with economist João Duque. Listen to the podcast here.

OECD recommends that the Government raise IMI

The increase should be targeted mainly at vacant homes, and a reduction in IMT (property transfer tax) should also be implemented.

Government indicates IMT exemption benefited 70,000 young people

The government says that an exemption from IMT (the property transfer tax) benefited 70,000 young people.

Housing: Socialist Party proposes raising IMI on vacant properties, increasing IMT for foreign buyers and allowing councils to borrow to build

The Portuguese Socialist Party (PS) intends to increase the municipal property tax (IMI) on unoccupied properties, raise the property transfer tax (IMT) applied to foreign purchasers, and enable municipal councils to take on debt to finance housing construction.