Legal Cost

Estate agent’s fees for buyers:

you do not have to pay estate agent’s fees.
An agent usually acts on behalf of the seller.

Lawyers

Lawyer’s fees will vary from practice to practice, usually between 1% and 2% (plus VAT) of the value of the property. Their services include, advice about contracts - investigation of the title - planning permission status - reporting about enquiry results - exchange of contracts and completion, and notary attendance.

Legal fees:

Notary and land registry fees around 1,5% of the purchase price

IMT - Transfer Tax is known as

IMT (imposto municipal sobre transmissões onerosas)
and is calculated on the highest of the two taxable values -
either on the newly-determined taxable value or on the purchase price value

- Urban, construction land or commercial: 6.5%
- Rustic Land: 5%

Residential (villas and apartments - second habitation) depending on price (Year: 2008):

Value of property until 87.500 Euros: 1% IMT applicable
from 87.501 to 119.700 €uros: 2% IMT applicable and 875 €uros to be deduct
from 119.701 to 163.200 €uros: 5% IMT applicable and 4.466 €uros to be deduct
from 163.201 to 272.000 €uros: 7% IMT applicable and 7.730 €uros to be deduct
from 272.001to 521.700 €uros: 8% IMT applicable,10.450 €uros to be deduct
over 521.700 €uros are 6% IMT applicable and no deduction applicable

Example (Year: 2008):
Price - 165.000 €uros
IMT = (165.000€uros x 7%) - 7.730 € = 3.820 €

Offshore Companies pay flat rates:
15% on purchase
25% Capital Gains on Profit on sale
5% IMI on corrected taxable value/revaluation

Council taxes - IMI - Iimposto municipal sobre os imóveis:

Portuguese properties are being revalued and you may end up having to pay between 0.2% and 0.5% of the value given to your property.