Tax and Deed Expenses

Property purchase process costs Process

 

1 - Taxes

 

• On the value to Notarize on both "Urban" and "Rustic" articles, there is a 0.8% Stamp Duty Tax- Example: € 105,000 x 0.8% = € 840.00;
   
•  If it is for "Second Habitation" the IMT - Municipal Tax for Transactions in Urban Article (for habitation) - Up to € 92,407.00 it is 1% tax fee; after this amount, it will have to be made ​​other calculations in accordance with the provisions of law. Rustic Articles pay 5% tax on the value declared in the deed;
   
• "First habitation" the IMT - Municipal Tax for Transactions in Urban Article (for residential purposes) - Up to € 92,407.00 0% is exempt from IMT (0.0%), and up from this value will have to be made ​​other calculations in accordance with the law.

In Rustic Articles, 5 % tax (IMT)

Others considered urban articles "not for habitation constructions" such as:(attachments, agricultural buildings, pavilions, etc.) always pays 6.5 % of IMT on the transaction amount.

 

 

 

 

 

 

2 - Cost of Deed and Registration (Escritura e Registo)

 

• We cannot specify a fixed value for the cost of the Deed and registration. It depends on the "fees" charged by each Office. However, and so the customer can have a rough idea, we give an example: a property that will be registered for 105 000 €, pays Deed and Registration fees from 500 to 600 €.

 

3 - IMI Values

 

• In rural areas and, particularly in the interior of the country, the amount to pay annually on Urban Construction of IMI - Property Tax, is substantially lower compared to the Urban rate charged.