The IMT is the tax levied on the acquisition of real estate based on a progressive rate, up to a maximum of 6% for urban housing whose acquisition value is greater than EUR 550,836.00 (or EUR 574,324.00 if intended exclusively for own and permanent habitation).
The 2020 Portuguese State Budget sets a new rate of 7.5% for the acquisition of property over one million euros.
With this new regime, the tax charge for the purchase of a residential property of a value exceeding one million euros will rise to 8.3% (IMT + stamp duty).
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