How much tax does it cost to buy a property in Portugal?

Investors who apply for the 500,000 immigrants of Portugal's gold license plan for buying houses must pay attention to three kinds of taxes in real estate transactions:

1. The real estate transaction tax (IMT) is paid by investors when purchasing real estate, accounting for 6.5% of the transaction value.

2.IMI- municipal property tax. In Portugal, property owners have to pay property tax every year, which belongs to the category of local tax. The tax base is calculated according to the registered value of real estate, not the market price of real estate, and the local government will regularly review the registered value of real estate. The tax rate varies according to the location of the property, and generally fluctuates between 0.3% and 0.5%. If you buy a farm or land, the tax rate is 0.6%.

3. The third is the value-added tax. In addition to the real estate transaction tax and the annual real estate tax that should be paid attention to when buying a house, there is another tax that is generated when buying a house, that is, value-added tax. Value-added tax (VAT) is a tax levied by Portugal after 1986 joined the European Union. All goods and services transactions in Portugal and goods imported from outside the EU are subject to VAT. Portugal adopts three tax rates for VAT, with the general tax rate of 23%, preferential tax rate of 12% and the best preferential tax rate of 6%. In addition, there are some other taxes in Portugal, such as stamp duty, city surcharge and central government surcharge.