The Four Real Estate Taxes in Portugal Explained (Michael Minson)

Real estate would be easy money if it weren’t for the taxes. If you’re considering buying real estate in Portugal, it’s important that you understand the basics to avoid making very expensive mistakes.

Let’s walk thru the different types of real estate taxes, including IMI, Stamp Duty, IMT and Capital gains, how they are calculated and when they’re due so you know what to expect when buying real estate in Portugal.

We'll cover the taxes that make up your closing costs aka transfer tax, as well as your annual property taxes and tax options when you sell.

Here are the resources I mentioned in the video:

* Transfer Tax Calculator (IMT): https://apemip.pt/simulador-de-imt-e-is/

* Property Tax Rates by Municipality: https://www.portaldasfinancas.gov.pt/pt/main.jsp?body=/imi/consultarTaxasIMIForm.jsp

* Calculating your VPT: https://zonamentopf.portaldasfinancas.gov.pt/simulador/insertCalculations

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🕒TIMESTAMPS🕒
00:00 Intro
00:41 About Prata Riverside
01:15 Tax disclaimer
01:42 Four main real estate taxes
01:57 Buyer taxes - IMT and Stamp Duty - Transfer Taxes
02:25 Stamp Duty
02:31 Purchase examples - €500k and €1M
04:00 Please Subscribe!
04:17 Owner Taxes - Property Taxes (IMI) - FLIPPED!
05:20 Property tax example
06:16 Transfer tax vs holding costs
06:28 Capital gains taxes
06:57 Homeowner exemptions
07:24 Over 65 exemptions
07:37 Feedback?

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MICHAEL MINSON
International Luxury Specialist
Keller Williams Portugal
+351 966 133 663 (PT and WhatsApp)
+1 415 606 2625 (US and WhatsApp)
MichaelMinson@KWPortugal.pt

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