Property Sales, Rentals & Management in the Central Algarve, Portugal
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IMT: Property Transfer Tax 2014
Property Transfer Tax (“IMT – Imposto Municipal sobre a Transmissão Onerosa de Imóveis”) is a municipal tax levied on the transfer for consideration of real estate located in the Portuguese territory. Such transfers may also be subject to Stamp Duty. The acquisition of more than 75% of the share capital of a company incorporated as “sociedade por quotas”, which owns real estate located in Portugal, is subject to IMT.
Urban properties or property units considered solely as a permanent place of residence:
Some examples of exemptions include:
Acquisition of properties for resale by Real Estate companies
Investment Promotion Tax Regime (RFAI)
Companies that make relevant investment from 2013 to 2017, may benefit from IMT exemption on the acquisition of real estate property regarded as eligible investment.
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