+44 2035823821
Local Time:
Weather:

Taxes and financing

If you are in need of more information regarding property purchase in Portugal, do not hesitate to contact us. However, professional legal advice should be sought at all times – the following cost information is only to be used as guidelines.

Legal fees
These will vary but in portugal and espescially the algarve expect to pay around 1.5-2% of the purchase price.

Notary and registration fees
variable, (for example fees are higher when you have a mortgage on a property). However, you can be expected to be 1.5-3% of the purchase price.

IMT (transfer tax)
This is the tax you must pay before the final deed. The tax to pay depends of the price the property is declared. In the following table you have the tax due for the year 2005 on residential property.
On rural land the tax is 5 %Value of the property transaction (in millions)

Under € 83.500 0 %
From € 83.500 to € 114.800 2 % € 1.670,00
From € 114.800 to € 156.500 5 % € 5.114,00
From € 156.500 to € 260.900 7 % € 8.244,00
From € 260.900 to € 521.700 8 % € 10.853,00
Over € 521.700 6 %
Example for a property price € 100.000,00
€ 100.000,00 X 2% = € 2.000,00
€ 2.000,00 – € 1.670,00 = € 330,00 Transfer tax to pay.

Contact Us

Fill our form without obligation or commitment.
We will help you to find the best choice for you!