Buying a home in Portugal is an exciting experience. However, it’s important to note that, along with administrative costs and notary fees, you’ll also have to pay specific and mandatory property taxes, including the immovable property tax (IMI), the property purchase tax (IMT), and stamp duty tax (IS). Each of these taxes is different and is calculated using strict methods.
In Portugal, real estate taxes are required for both residents and non-residents. It’s therefore imperative to be aware of what you need to pay and to understand the differences between real estate taxes and property taxes.
Here’s everything you need to know about the different types of real estate taxes in Portugal.
