Taxes

IMT — Property Purchase Tax

  • 0% on the purchase of shares in non-resident companies that hold real estate in Portugal, provided that there is no indirect acquisition of real estate under anti-abuse rules.

  • 6.5% on the purchase of shares of Portuguese companies whose main asset is real estate, when the operation is considered indirect transfer of ownership.

  • 10% for acquisitions made by entities based in jurisdictions on the Portuguese blacklist or controlled by them.

 

Capital Gains Tax — Mais‑Valias

  • 25% on the capital gain when the property is sold directly by a non-resident company.

  • 28% on the capital gain when the beneficial owner (UBO) sells the shares of the company that owns the property.

  • Double tax treaty enforcement can reduce or eliminate taxation, depending on the UBO's country of residence.

 

IMI — Municipal Property Tax

  • 0.3% to 0.45% for urban buildings (rate defined annually by each municipality).

  • 0.8% for rustic land.

  • 7.5% for real estate held directly or indirectly by entities based in blacklisted jurisdictions.

 

AIMI — Additional Annual Property Tax (IMI)

Applicable to high-value residential real estate.

  • 0.7% on the total taxable amount up to €1,000,000.

  • 1% on the installment above €1,000,000.

  • 1.5% on the installment above €2,000,000.

  • 7.5% for properties held by entities in blacklisted jurisdictions.

  • It applies when the property is assigned to the personal use of shareholders, managers or direct family members.

 

Other Purchase Costs

  • No additional stamp duty on stock purchases.

  • No registration fees for the transfer of shares.

  • 1% to 2% legal fees, depending on the complexity of the transaction.

 

Annual Running Costs

  • €1,500 to €4,500 per year (variable estimate depending on the structure and accounting obligations).

 

Annual Fiscal Representation

  • €550 per year (estimated value).