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Table 2 The IMT Rate for Private Property Purchases: Secondary, Rental or Holiday Home

ACQUISITION COSTS

Table 1 The IMT Rate for Private Property Purchases: Primary Residence

The tables below outline how the IMT system works for different property purposes.

Value of Property Marginal Medium*

Up to 92,407 0% 0%

92,407 to 126,403 2% 0.5379%

126,403 to 172,348 5% 1.7274%

172,348 to 287,213 7% 3.8361%

287,213 to 574,323 8% -

574,323 + 6% (single rate) 6% (single rate)

* In the upper limit of the scale

Value of Property Marginal Medium*

Up to 92,407 1% 1%

92,407 to 126,403 2% 1.2689%

126,403 to 172,348 5% 2.2636%

172,348 to 287,213 7% 4.1578%

287,213 to 550,836 8% -

550,836 + 6% (single rate) 6% (single rate)

ACQUISITION COSTS

Stamp Duty on Acquisition - Apart from the transfer tax, you will also

need to pay an acquisition stamp duty,

which is charged at a flat rate of 0.8% of the declared purchase price.

Stamp Duty on Mortgage - If you are using a mortgage to finance the purchase, the government currently

charges you at 0.6% of the final mortgage amount as the mortgage stamp duty.

Legal Fees - Legal fees comprise the cost of hiring a solicitor to conduct the conveyancing on the

purchase of a property. There are no standard industry rates, rather each solicitor

devises an individual fee structure. IP Global recommend buyers consult MACEDO

VITORINO & ASSOCIADOS, a professional law firm in Portugal.

Agency Fees - Buyers normally are not required to pay

agency fees and rather only the seller

bears such costs.

Mortgage Costs - The mortgage costs include the

arrangement fee charged by the lender

and the cost of using a mortgage broker.

These costs vary from lender to lender.

Valuation Fee - If you are financing the purchase of your property with a mortgage, your lender will

require a bank valuation to be undertaken.

The fee for this is dependent on the size

of the property.

Land Registry Fees - As mentioned earlier, the purchase of a

property in Portugal requires the registra-

tion of the deed as well as the mortgage

deed, in instances where the buyer is a

mortgage buyer. The registration fee for

both deeds is paid by the purchaser, at a

cost of approximately EUR250 per deed.