Portugal Presentation ('Welcome to Portugal') by Mário Mouraz
Portugal Buyingguide
Transcript of Portugal Buyingguide
8/12/2019 Portugal Buyingguide
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COIMBRA PROPERTY SHOP
Lar go do Pe la do 32 30- 28 9 Pe ne la
S at N av : N 4 0 . 0 3 1 2 3 W 8 . 3 9 2 0 3
T 00351 962 1 23 396F 00351 239 561 086E [email protected]
ww w. coimbrapropertyshop.com THE BUYING PROCESS
1. Via your agent, verbally agree a price for the property with the seller.
2. Complete a “contracto promessa de compra e venda” agreement. This identifies you as the buyer,
identifies the vendor and identifies the property. For this we need copies of all parties' passports as well
as the property’s registration papers. With this agreement you need to include a deposit of 10% of the
agreed sale price. Upon receipt of the agreement and deposit, the vendor signs the contract.
3. The above agreement states that you have 3 months (usually) in which to buy the property. You can
buy at any point, but cannot let 3 months pass. If you do not buy the property, you lose your deposit. If
the owner does not sell you the property, he reimburses your deposit in double.
4. Next comes completion, or “escritura”. Before escritura your lawyer will help you get a Portuguese tax
number and pay your purchases taxes. These can be calculated using the chart to the right and are
correct as of 2011.
5. At escritura, you and the vendor sit around a table at a notary’s office. The agreement is read out in
English and Portuguese, you give the vendor the remaining monies and he gives you the keys to the
house. You then all sign the agreement and the property is yours.
6. Throughout the entire process Coimbra Property Shop is there to help and guide you. Our clients are
always wonderfully pleased with the purchase process and how simple it can be when organised
correctly.
PROPERTY PURCHASE COSTS
Completion (Escritura) €450 at most Land Registration €50
Building Registration €250 Stamp Duty 0.8%
IMT (PURCHASE TAXES)
The purchases taxes are calculated on a sliding scale depending on the value of the property. For each
percentage taxable there is also a discount to apply. The only properties which do not have a sliding
scale nor discount are Land and Construction Land. If the house will be your primary residence globally,you can use the below scale. If it is not your primary residence you must use table number two.
AMI: 8580
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COIMBRA PROPERTY SHOP
La rg o do Pe la do 32 30 -2 89 Pe ne la
S a t Na v: N 4 0 . 0 3 1 2 3 W 8 . 3 9 2 0 3
T 00351 962 123 396F 00351 239 561 086E [email protected] ww w. coimbrapropertyshop.com
AMI: 8580
TABLE ONE - PRIMARY RESIDENCE
tnuocsiDxaTf oegatnecr ePecir PelaSytr epor P
Up to €92,407
€92,407 to €126,403
€126,403 to €172,348
€172,348 to €287,213
€287,213 to €574,323
€287,213 to €550,836
0%
2%
5%
7%
8%
0
€537.90
€1,727.40
€3,836.10
€11,608.95
%6323,475 €evob A
TABLE TWO - NON- PRIMARY RESIDENCE
tnuocsiDxaTf oegatnecr ePecir PelaSytr epor P
1%
2%
5%
7%
8%
0
€1,268.90
€2,263.60
€4,157.80
%6638,055 €evob A
Land - 5% Construction Land - 6.5%
If there is more than one article, you must decide how much value to give to each article
when paying taxes.
YO UR CO ST S Completion (Escritura) €450 at most.
Building Registration €250
Land Registration €50
Stamp Duty 0.8%
IMT _____%
IMT(2) _____%
IMT(3) _____%
TOTAL ______________________
Up to €92,407
€92,407 to €126,403
€126,403 to €172,348
€172,348 to €287,213