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How much IMT will you pay?
IMT is the Portuguese property transfer tax — estimated here with stamp duty included, using the official 2026 tables for mainland Portugal, the Azores and Madeira.
How IMT is calculated
IMT is charged on the higher of the two values — the purchase price and the property's Taxable Asset Value (VPT) — never on the lower one, even if the VPT is out of date.
For housing (main or secondary), the rate is progressive by bracket: the higher the tax base, the higher the marginal rate, up to a maximum of 8%. In the top two brackets the rate becomes a single flat rate on the whole amount (6% and 7.5%), with no deduction.
Commercial buildings and building plots pay a flat 6.5%; rural properties pay 5% — no brackets, nationwide.
IMT is always added to Stamp Duty of 0.8% on the same tax base, paid at the same time (before the deed).
Bracket table — Main permanent residence, mainland Portugal (2026)
Values from Circular no. 40129/2026. For secondary housing the thresholds are the same, but without the first tax-free bracket. The Azores and Madeira use thresholds 25% higher.
- Up to €106,346 — tax-free
- €106,346 – €145,470 — 2%
- €145,470 – €198,347 — 5%
- €198,347 – €330,539 — 7%
- €330,539 – €660,982 — 8%
- €660,982 – €1,150,853 — 6% (flat rate)
- Above €1,150,853 — 7.5% (flat rate)
Frequently asked questions
Is IMT paid every year?⌄
No. IMT is a one-off payment, made before the purchase deed. The tax paid every year on a property is IMI, calculated with a different tool.
How do I know if I qualify for Young IMT?⌄
You must be up to 35 years old, not a dependant for income tax purposes, and must not have owned a home in the last 3 years. The exemption is total up to €330,539 (mainland) and partial (8% only on the amount above) up to €660,982.
Can the VPT be higher than the purchase price?⌄
Yes, and in that case the VPT is what counts for the IMT calculation — the law always uses whichever of the two values is higher, precisely to prevent an artificially low purchase price being declared.
Do non-residents pay more IMT?⌄
Since Decree-Law no. 97/2026, home purchases by non-residents in Portugal carry a flat 7.5% rate, without the progressive brackets or exemptions. It does not apply to anyone who has previously been tax resident in Portugal, who pays under the normal table from the start; anyone who becomes resident within 2 years of the purchase, or lets the property at a moderate rent, can ask the tax authority to refund the difference. For a married couple under a community-of-property regime, the 7.5% only applies if neither spouse has ever been resident; in co-ownership, each co-owner is assessed separately (Tax Authority Circular Letter no. 40131/2026). Combining it with Young IMT is not expressly provided for in the law — check your specific case with the tax authority (Autoridade Tributária).
Is cost-controlled housing always tax-exempt?⌄
Only in municipalities that have adopted the Decree-Law no. 97/2026 regime, and only for a first main permanent residence with no property owned in the last 3 years. Outside those municipalities, the standard table applies.