{"id":11088,"date":"2021-07-05T20:10:39","date_gmt":"2021-07-05T13:10:39","guid":{"rendered":"https:\/\/porticoandbridge.com\/?p=11088"},"modified":"2021-09-17T20:29:15","modified_gmt":"2021-09-17T13:29:15","slug":"portuguese-property-tax-tax-free-assets-for-3-years","status":"publish","type":"post","link":"https:\/\/porticoandbridge.com\/en\/portuguese-property-tax-tax-free-assets-for-3-years\/","title":{"rendered":"PORTUGUESE PROPERTY TAX – TAX FREE ASSETS FOR 3 YEARS"},"content":{"rendered":"

Portuguese property tax – Portugal is a country in the European Union (EU). With an abundance of natural resources and a temperate climate. This place is a potential land for sustainable development, especially in the real estate industry. <\/span>In recent years, the development of investment in real estate is a trend, especially for businessmen who are looking to invest abroad. Portugal is a perfect choice for those who want to grow their business and get a visa in the real estate sector. <\/span>So how is Portuguese property tax calculated? We would like to invite you to learn about this content below.<\/span><\/em><\/p>\n

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When do investors have to pay taxes in Portugal?<\/b><\/h3>\n

In Portugal, the tax year is the same as the calendar year. That is, from January 1 to December 31 every year will be considered a tax year for people. If the investor lives in Portugal for less than 6 months in a tax year, the investor can be considered a non-resident.<\/span><\/p>\n

In this case, the investor only needs to pay tax on the income earned in Portugal.<\/span><\/p>\n

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Portugal property taxes and how they are calculated – Portuguese property tax<\/b><\/h3>\n

In Portugal<\/a><\/strong><\/span>, there are four main types of property tax: real estate purchase tax (IMT), registration tax (IS), property tax (AIMI), and real estate tax (IMI). Each type of tax has its own calculation method.<\/span><\/p>\n

Real Estate Purchase Tax (IMT)<\/b><\/h4>\n

The IMT (Imposto Municipal Sobre Transamissoes) tax is a tax payable every time you buy a house in Portugal. Rates can vary depending on the type and value of the property. Tax is charged on the value declared in the document or on the assessable value. The investor must pay this tax before purchasing the property. The IMT rate can be calculated as follows:<\/span><\/p>\n

IMT = Deed value or net value tax (the higher of these two values) x Application rate \u2013 tax reduction<\/span><\/p>\n

The following three criteria are important to calculate this tax:<\/span><\/p>\n