How much do I pay for IMT in 2024?
Is buying a house in your plans for 2024? Then get ready to pay two taxes at the deed: one of them is the Municipal Tax on Onerous Property Transfers (IMT). Find out how much you have to pay for this tax, depending on your specific situation, this year.
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Want to buy a house in 2024? Find out how much you pay for IMT
If you are thinking of buying a house in 2024, be aware that you will have to pay the Municipal Property Transfer Tax (IMT), even if you use a housing loan. This year, the values of this tax have been updated, so the amounts due will depend on the tables disclosed by the Tax Authority, considering the value and purpose of the property in question.
However, it is worth noting that, according to Deco Proteste, cited by Notícias ao Minuto, the tax "is calculated based on the higher amount: the value of the property in the deed or the Taxable Asset Value listed in the property card".
"In general, the tax is calculated based on the acquisition price, since it is usually higher than the Taxable Property Value. However, if the latter is the highest value, it will be the basis for calculating the amount to be paid by the property buyer," explains the consumer defense organization.
What are the updated IMT tables for 2024?
From what can be gathered from the Finance Portal, these are the values to consider in case of buying a property for own and permanent residence on the Mainland:
Own permanent housing in the Autonomous Regions:
Secondary housing and others, on the mainland:
Secondary housing and others, in the Autonomous Regions:
To better understand the tables, note that the "deductible amount" is a discount applied when calculating the IMT value.
Contact the real estate agency Casa no Minuto and count on the support of a real estate consultant throughout the process, from finding the property, dealing with paperwork, to the day of the deed when you have the key to your new home in hand. For housing loans, the credit intermediaries at Poupança no Minuto also provide a completely free service to help you choose the right financing proposal for you. But first, understand how the IMT application works this year.