{"id":5563,"date":"2020-02-29T22:36:49","date_gmt":"2020-02-29T22:36:49","guid":{"rendered":"https:\/\/casaportugal.co.il\/%d7%9e%d7%99%d7%a1%d7%95%d7%99-%d7%a2%d7%9c-%d7%a0%d7%93%d7%9c%d7%b4%d7%9f-%d7%91%d7%a4%d7%95%d7%a8%d7%98%d7%95%d7%92%d7%9c\/"},"modified":"2023-05-22T02:00:28","modified_gmt":"2023-05-22T02:00:28","slug":"taxes-on-real-estate-in-portugal","status":"publish","type":"post","link":"https:\/\/casaportugal.co.il\/en\/taxes-on-real-estate-in-portugal\/","title":{"rendered":"Taxes on real estate in Portugal"},"content":{"rendered":"

The whole issue of taxes in Portugal can be complicated.<\/font><\/font><\/h2>\n

Casa Portugal’s team includes an experienced Portuguese accountant specializing in real estate. <\/font>We will be happy to assist in the entire process in order to optimize it and prevent unnecessary tax payments down the road.<\/font><\/font><\/p>\n

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    \u00ad <\/font><\/font><\/b>Taxes on real estate transfers<\/font><\/font><\/b><\/span><\/span><\/span> in <\/font><\/font><\/b>Portugal<\/font><\/font><\/b><\/span><\/span><\/span><\/p>\n\n\n\n\n <\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
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    Municipal property transfer tax<\/font><\/font><\/b><\/span><\/span><\/span> (IMT)<\/font><\/font><\/b><\/p>\n<\/td>\n<\/tr>\n

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    Taxable activities<\/font><\/font><\/span><\/span><\/span><\/p>\n<\/td>\n

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      transfers of ownership <\/font><\/font><\/span>in return <\/font><\/font><\/span>or parts thereof<\/font><\/font><\/span><\/span><\/span> ;<\/font><\/font><\/p>\n<\/li>\n

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      long-term rent and sublease<\/font><\/font><\/span><\/span><\/span> (<\/font><\/font> over<\/font><\/font><\/span><\/span><\/span> 30<\/font><\/font> years<\/font><\/font><\/span><\/span><\/span> );<\/font><\/font><\/p>\n<\/li>\n

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      Purchase of shares<\/font><\/font><\/span><\/span><\/span> (<\/font><\/font> not including shares in public limited liability companies<\/font><\/font><\/span><\/span><\/span> )<\/font><\/font> in companies that own property<\/font><\/font><\/span><\/span><\/span> ,<\/font><\/font> provided that said purchase leads to a shareholder owning at least<\/font><\/font><\/span><\/span><\/span> 75%<\/font><\/font> of the share capital or that the number of members is reduced to two married shareholders<\/font><\/font><\/span><\/span><\/span> ;<\/font><\/font><\/p>\n<\/li>\n

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      Contributions to the share capital of companies <\/font><\/font><\/span>with a monetary value<\/font><\/font><\/span><\/font><\/span><\/span><\/span> that include real estate<\/font> assets <\/font><\/span><\/span><\/span><\/font>or their distribution to the shareholders in the case of liquidation of such companies<\/font><\/font><\/span><\/span><\/span> ;<\/font><\/font><\/p>\n<\/li>\n

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      <\/font><\/span>Binding <\/font><\/font><\/span>checks <\/font><\/span><\/font>in promissory note agreements<\/font><\/font><\/span><\/span><\/span> ;<\/font><\/font><\/p>\n<\/li>\n<\/ul>\n

      ( <\/font><\/font>among other things<\/font><\/font><\/span><\/span><\/span> )<\/font><\/font><\/p>\n<\/td>\n<\/tr>\n

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    Taxable people<\/font><\/font><\/span><\/span><\/span><\/p>\n<\/td>\n

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      Individuals or legal entities to whom the real estate is transferred<\/font><\/font><\/span><\/span><\/span> ,<\/font><\/font> regardless<\/font><\/font><\/span><\/span><\/span> of<\/font><\/font> its tax residency<\/font><\/font><\/span><\/span><\/span> .<\/font><\/font><\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n

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    taxable amount<\/font><\/font><\/span><\/span><\/span><\/p>\n<\/td>\n

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      The contractual value or the taxable value<\/font><\/font><\/span><\/span><\/span> ,<\/font><\/font> whichever is higher<\/font><\/font><\/span><\/span><\/span> .<\/font><\/font><\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n

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    rates<\/font><\/font><\/span><\/span><\/span><\/p>\n<\/td>\n

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      Municipal properties used for residences –<\/font><\/font><\/span><\/span><\/span> 0-8% (<\/font><\/font> maximum progressive rate<\/font><\/font><\/span><\/span><\/span> );<\/font><\/font><\/p>\n<\/li>\n

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      Rural properties –<\/font><\/font><\/span><\/span><\/span> 5%<\/font><\/font><\/p>\n<\/li>\n

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      Other purchases \u2013<\/font><\/font><\/span><\/span><\/span> 6.5%<\/font><\/font><\/p>\n<\/li>\n

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      Property purchased by<\/font><\/font><\/span><\/span><\/span> “<\/font><\/font> tax haven<\/font><\/font><\/span><\/span><\/span> ” residents – 10%<\/font><\/font><\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n

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    discharge<\/font><\/font><\/span><\/span><\/span><\/p>\n<\/td>\n

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    Investment incentive tax regime<\/font><\/font><\/span><\/span><\/span><\/p>\n<\/td>\n

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      Companies making relevant investments may receive an exemption from<\/font><\/font><\/span><\/span><\/span> IMT<\/font>real<\/font><\/font> estate property <\/font><\/font><\/span><\/span><\/span><\/font>that is considered an eligible investment<\/font><\/font><\/span><\/span><\/span> .<\/font><\/font><\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n

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    stamp duty<\/font><\/font><\/b><\/span><\/span><\/span> (IS)<\/font><\/font><\/b><\/p>\n<\/td>\n<\/tr>\n

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    Taxable activities<\/font><\/font><\/span><\/span><\/span><\/p>\n<\/td>\n

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      Transfers of ownership for consideration or exemptions or parts thereof<\/font><\/font><\/span><\/span><\/span> ;<\/font><\/font><\/p>\n<\/li>\n

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      Lease and sublease of real <\/font><\/font><\/span><\/span><\/span>estate<\/font><\/span><\/span><\/span> assets<\/font><\/font><\/font><\/span><\/span><\/span><\/p>\n<\/li>\n

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      Liquid assets of real estate <\/font><\/font><\/span><\/span><\/span>investment<\/font><\/span><\/span><\/span> funds<\/font><\/font><\/font><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n

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    Taxable people<\/font><\/font><\/span><\/span><\/span><\/p>\n<\/td>\n

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      <\/font><\/span><\/span><\/span>Individuals or legal entities to whom the real<\/font> estate property is transferred <\/font><\/span><\/span><\/span><\/font>or<\/font><\/font><\/span><\/span><\/span> ,<\/font><\/font> in the case of a lease<\/font><\/font><\/span><\/span><\/span> ,<\/font><\/font> the owner of the property<\/font><\/font><\/span><\/span><\/span> ,<\/font><\/font> regardless of his tax residency<\/font><\/font><\/span><\/span><\/span> .<\/font><\/font><\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n

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    taxable amount<\/font><\/font><\/span><\/span><\/span><\/p>\n<\/td>\n

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      The contractual value or the taxable value<\/font><\/font><\/span><\/span><\/span> ,<\/font><\/font> whichever is higher<\/font><\/font><\/span><\/span><\/span> .<\/font><\/font><\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n

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    rates<\/font><\/font><\/span><\/span><\/span><\/p>\n<\/td>\n

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      Transfers of ownership in return or exempt or parts thereof –<\/font><\/font><\/span><\/span><\/span> 0.8%<\/font><\/font> and<\/font><\/font><\/span><\/span><\/span><\/p>\n<\/li>\n

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      Free ownership transfers or parts of them<\/font><\/font><\/span><\/span><\/span> : 10% (<\/font><\/font> in addition to the <\/font><\/font><\/span><\/span><\/span><\/font>above<\/font><\/font><\/span><\/span><\/span> 0.8%<\/font>)<\/font><\/font><\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n

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    Exemptions<\/font><\/font><\/span><\/span><\/span> \/<\/font><\/font> exclusions<\/font><\/font><\/span><\/span><\/span><\/p>\n<\/td>\n

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