1st Notary costs: Notary costs may vary from notary to notary. They must be paid by the promising buyer to the notary, right after the signing of the deed of purchase and sale.

Approximately € 450.00 for the deed and € 250.00 for the registration.

2nd IMT (Tax on onerous transfers of properties): The calculation of this tax depends on several factors, namely:

- The location of the property (Mainland or Autonomous Regions)

- If the property is intended for own permanent housing or secondary housing

- Affection (If it is a property for housing, commerce, etc ...)

Note: the calculation of this tax applies to the greater of two values: acquisition value or tax equity value, which must be settled and paid by the promising buyer before entering into the definitive purchase and sale agreement.

3rd IS (Stamp Duty): It is a tax that is levied on all acts and contracts, including free transfers of goods. The acquisition of a property results in the application of the rate of 0.8% on the greater of two values: acquisition value or tax equity value, which must be settled and paid by the promising buyer before the conclusion of the definitive purchase and sale agreement.

4th IMI (Municipal Property Tax): Tax levied on the tax equity value of urban and rustic buildings, located in national territory. This tax is due by the owner, usufructuary or surface owner of the property on December 31 of the year to which it relates, varying according to the municipality where it is located. The following rates are applied: between 0.3% and 0.5% for urban buildings, and 0.8% for rustic buildings.

Note: There may be exemption from IMT and IMI in specific cases provided for by law.

1.Table for own and permanent housing

Acquisition Value                                    Rate         Portion to be deducted
Up to € 92,407.00                                    0%              € 0.00 *
From € 92,407.00 to € 126,403.00          2%              € 1,848.14
From € 126,403.00 to € 172,348.00        5%              € 5,640.23
From € 172,348.00 to € 287,213.00        7%              € 9,087.19
From € 287,213.00 to € 574,323.00        8%              € 11,959.32
From 574,323.00 to € 1,000,000.00        6%              € 0.00
More than € 1,000,000.00                      7.5%            € 0.00

* Properties up to € 92,407 are exempt from IMT.

2.Table for non-permanent housing (vacation or investment)

Acquisition Value                                 Rate         Portion to be deducted

Up to € 92,407.00                                 1%                 € 0.00
From € 92,407.00 to € 126,403.00       2%                 € 924,07
From € 126,403.00 to € 172,348.00     5%                 € 4,716.16
From € 172,348.00 to € 287,213.00     7%                 € 8,163.12
From € 287,213.00 to € 574,323.00     8%                 € 11,035.25
From € 550,836.00 to € 1,000,000       6%                 € 0.00
More than € 1,000,000.00                   7.5%               € 0.00

NOTE: The information presented here by Ocean House is purely indicative and depends on the data entered by the user. For final and binding calculations, you should contact the Tax and Customs Authority.

We are fully available to help you find your dream property in the Algarve.
If you need more information, do not hesitate to contact us.

1st Notary costs: Notary costs may vary from notary to notary. They must be paid by the promising buyer to the notary, right after the signing of the deed of purchase and sale.

Approximately € 450.00 for the deed and € 250.00 for the registration.

2nd IMT (Tax on onerous transfers of properties): The calculation of this tax depends on several factors, namely:

- The location of the property (Mainland or Autonomous Regions)

- If the property is intended for own permanent housing or secondary housing

- Affection (If it is a property for housing, commerce, etc ...)

Note: the calculation of this tax applies to the greater of two values: acquisition value or tax equity value, which must be settled and paid by the promising buyer before entering into the definitive purchase and sale agreement.

3rd IS (Stamp Duty): It is a tax that is levied on all acts and contracts, including free transfers of goods. The acquisition of a property results in the application of the rate of 0.8% on the greater of two values: acquisition value or tax equity value, which must be settled and paid by the promising buyer before the conclusion of the definitive purchase and sale agreement.

4th IMI (Municipal Property Tax): Tax levied on the tax equity value of urban and rustic buildings, located in national territory. This tax is due by the owner, usufructuary or surface owner of the property on December 31 of the year to which it relates, varying according to the municipality where it is located. The following rates are applied: between 0.3% and 0.5% for urban buildings, and 0.8% for rustic buildings.

Note: There may be exemption from IMT and IMI in specific cases provided for by law.

1.Table for own and permanent housing

Acquisition Value                                    Rate         Portion to be deducted
Up to € 92,407.00                                    0%              € 0.00 *
From € 92,407.00 to € 126,403.00          2%              € 1,848.14
From € 126,403.00 to € 172,348.00        5%              € 5,640.23
From € 172,348.00 to € 287,213.00        7%              € 9,087.19
From € 287,213.00 to € 574,323.00        8%              € 11,959.32
From 574,323.00 to € 1,000,000.00        6%              € 0.00
More than € 1,000,000.00                      7.5%            € 0.00

* Properties up to € 92,407 are exempt from IMT.

2.Table for non-permanent housing (vacation or investment)

Acquisition Value                                 Rate         Portion to be deducted

Up to € 92,407.00                                 1%                 € 0.00
From € 92,407.00 to € 126,403.00       2%                 € 924,07
From € 126,403.00 to € 172,348.00     5%                 € 4,716.16
From € 172,348.00 to € 287,213.00     7%                 € 8,163.12
From € 287,213.00 to € 574,323.00     8%                 € 11,035.25
From € 550,836.00 to € 1,000,000       6%                 € 0.00
More than € 1,000,000.00                   7.5%               € 0.00

NOTE: The information presented here by Ocean House is purely indicative and depends on the data entered by the user. For final and binding calculations, you should contact the Tax and Customs Authority.

We are fully available to help you find your dream property in the Algarve.
If you need more information, do not hesitate to contact us.

1st Notary costs: Notary costs may vary from notary to notary. They must be paid by the promising buyer to the notary, right after the signing of the deed of purchase and sale.

Approximately € 450.00 for the deed and € 250.00 for the registration.

2nd IMT (Tax on onerous transfers of properties): The calculation of this tax depends on several factors, namely:

- The location of the property (Mainland or Autonomous Regions)

- If the property is intended for own permanent housing or secondary housing

- Affection (If it is a property for housing, commerce, etc ...)

Note: the calculation of this tax applies to the greater of two values: acquisition value or tax equity value, which must be settled and paid by the promising buyer before entering into the definitive purchase and sale agreement.

3rd IS (Stamp Duty): It is a tax that is levied on all acts and contracts, including free transfers of goods. The acquisition of a property results in the application of the rate of 0.8% on the greater of two values: acquisition value or tax equity value, which must be settled and paid by the promising buyer before the conclusion of the definitive purchase and sale agreement.

4th IMI (Municipal Property Tax): Tax levied on the tax equity value of urban and rustic buildings, located in national territory. This tax is due by the owner, usufructuary or surface owner of the property on December 31 of the year to which it relates, varying according to the municipality where it is located. The following rates are applied: between 0.3% and 0.5% for urban buildings, and 0.8% for rustic buildings.

Note: There may be exemption from IMT and IMI in specific cases provided for by law.

1.Table for own and permanent housing

Acquisition Value                                    Rate         Portion to be deducted
Up to € 92,407.00                                    0%              € 0.00 *
From € 92,407.00 to € 126,403.00          2%              € 1,848.14
From € 126,403.00 to € 172,348.00        5%              € 5,640.23
From € 172,348.00 to € 287,213.00        7%              € 9,087.19
From € 287,213.00 to € 574,323.00        8%              € 11,959.32
From 574,323.00 to € 1,000,000.00        6%              € 0.00
More than € 1,000,000.00                      7.5%            € 0.00

* Properties up to € 92,407 are exempt from IMT.

2.Table for non-permanent housing (vacation or investment)

Acquisition Value                                 Rate         Portion to be deducted

Up to € 92,407.00                                 1%                 € 0.00
From € 92,407.00 to € 126,403.00       2%                 € 924,07
From € 126,403.00 to € 172,348.00     5%                 € 4,716.16
From € 172,348.00 to € 287,213.00     7%                 € 8,163.12
From € 287,213.00 to € 574,323.00     8%                 € 11,035.25
From € 550,836.00 to € 1,000,000       6%                 € 0.00
More than € 1,000,000.00                   7.5%               € 0.00

NOTE: The information presented here by Ocean House is purely indicative and depends on the data entered by the user. For final and binding calculations, you should contact the Tax and Customs Authority.

We are fully available to help you find your dream property in the Algarve.
If you need more information, do not hesitate to contact us.

1st Notary costs: Notary costs may vary from notary to notary. They must be paid by the promising buyer to the notary, right after the signing of the deed of purchase and sale.

Approximately € 450.00 for the deed and € 250.00 for the registration.

2nd IMT (Tax on onerous transfers of properties): The calculation of this tax depends on several factors, namely:

- The location of the property (Mainland or Autonomous Regions)

- If the property is intended for own permanent housing or secondary housing

- Affection (If it is a property for housing, commerce, etc ...)

Note: the calculation of this tax applies to the greater of two values: acquisition value or tax equity value, which must be settled and paid by the promising buyer before entering into the definitive purchase and sale agreement.

3rd IS (Stamp Duty): It is a tax that is levied on all acts and contracts, including free transfers of goods. The acquisition of a property results in the application of the rate of 0.8% on the greater of two values: acquisition value or tax equity value, which must be settled and paid by the promising buyer before the conclusion of the definitive purchase and sale agreement.

4th IMI (Municipal Property Tax): Tax levied on the tax equity value of urban and rustic buildings, located in national territory. This tax is due by the owner, usufructuary or surface owner of the property on December 31 of the year to which it relates, varying according to the municipality where it is located. The following rates are applied: between 0.3% and 0.5% for urban buildings, and 0.8% for rustic buildings.

Note: There may be exemption from IMT and IMI in specific cases provided for by law.

1.Table for own and permanent housing

Acquisition Value                                    Rate         Portion to be deducted
Up to € 92,407.00                                    0%              € 0.00 *
From € 92,407.00 to € 126,403.00          2%              € 1,848.14
From € 126,403.00 to € 172,348.00        5%              € 5,640.23
From € 172,348.00 to € 287,213.00        7%              € 9,087.19
From € 287,213.00 to € 574,323.00        8%              € 11,959.32
From 574,323.00 to € 1,000,000.00        6%              € 0.00
More than € 1,000,000.00                      7.5%            € 0.00

* Properties up to € 92,407 are exempt from IMT.

2.Table for non-permanent housing (vacation or investment)

Acquisition Value                                 Rate         Portion to be deducted

Up to € 92,407.00                                 1%                 € 0.00
From € 92,407.00 to € 126,403.00       2%                 € 924,07
From € 126,403.00 to € 172,348.00     5%                 € 4,716.16
From € 172,348.00 to € 287,213.00     7%                 € 8,163.12
From € 287,213.00 to € 574,323.00     8%                 € 11,035.25
From € 550,836.00 to € 1,000,000       6%                 € 0.00
More than € 1,000,000.00                   7.5%               € 0.00

NOTE: The information presented here by Ocean House is purely indicative and depends on the data entered by the user. For final and binding calculations, you should contact the Tax and Customs Authority.

We are fully available to help you find your dream property in the Algarve.
If you need more information, do not hesitate to contact us.

Property acquisition costs

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Property acquisition costs

Property acquisition costs

Property acquisition costs