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Imposto do Selo na compra de casa: O que é e quando pago?

Stamp Duty on home purchase: What is it and when is it paid?

The Stamp Duty is the oldest in the Portuguese tax system. It is paid at various moments, but with a greater impact on the purchase of a property. Find out how it works and what are the rates at the following URL.

25 Mar 20243 min

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Are you in the process of buying a house through financing? The credit intermediaries of Poupança no Minuto can assist you, free of charge, by mediating the process with banks to ensure you get the best offers!

What is Stamp Duty, when is it applied, and how much do I pay?

Stamp Duty is one of the taxes due when buying a house, but what is its value and when should it be paid?

According to the Official Gazette, General Stamp Duty Table, this tax applies "to all acts, contracts, documents, titles, papers and other legal situations provided for." It includes in these acts the "acquisition for consideration or by donation of the right of ownership or of partial figures of that right over real estate, as well as the resolution, invalidity or extinction, by mutual consent, of the respective contracts" - no. 1.1 of the General Stamp Duty Table.  

In addition, fees are charged to entities that authorize credits, notaries, conservators, contracts for games of Santa Casa da Misericórdia, and entities that award prizes for bingo, raffles, and other draws/contests.

This is actually the oldest tax in Portugal, created on December 24, 1660, having survived for centuries on the national tax map as a form of revenue for the State. It has adapted to new realities and reformed in 2000, with the abolition of the corresponding fiscal stamp. Although the stamp was abolished, the tax payment remained.

When buying a house

You will have to pay the Stamp Duty when buying a property, with the tax rate varying depending on the type of deed/contract. Usually, it represents 0.8% in the acquisition or free transfer of real estate, levied on the acquisition value of the property, or the Taxable Asset Value (VPT), whichever is higher.

Home loan not available at this time

If you resort to hiring mortgage credit to buy the house, you also have to pay Stamp Duty on the loan amount.  

The fee amount depends on the duration of the contract: for credits with a term of five years or more, it is 0.6%, for credits with a term of one year or more but less than five years, it is 0.5%, and for credits with a term of less than one year, 0.04% per each month or fraction.  

But a 4% Stamp Duty tax also applies to the commissions associated with the hiring of a home loan, such as study, evaluation, and formalization commissions.  

In addition, Stamp Duty is also paid on interest on home loans, other mortgage loans, and personal loans (on the interest of each installment).

To make the entire process of hiring a mortgage as simple as possible, the credit intermediaries at Poupança no Minuto can handle all the bureaucratic aspects! Our services are free of charge and gather several proposals from different banks, so you can access the best market conditions that are most suitable for you! Contact us, save time and money! 

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Financefy S.A. Credit Intermediary registered with Banco de Portugal (Bank of Portugal) as nº 0006860

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Poupança no Minuto is a brand owned by Financefy, S.A., a linked credit intermediary registered with the Bank of Portugal under number 0006860. Services authorized to provide: Presentation or proposal of credit agreements to consumers. Assistance to consumers, through the performance of preparatory acts or other pre-contractual management work in relation to credit agreements that have not been presented or proposed by the company. Lenders: Bankinter, S.A. - Branch in Portugal, Caixa Geral De Depósitos, S.A., Banco BPIi S.A., Banco Santander Totta, S.A., Abanca Corporación Bancaria, S.A., Branch in Portugal, Banco Ctt, S.A., Novo Banco, S.A., Cofidis, BNP Paribas Personal Finance, S.A. - Branch in Portugal, Real Estate Credit Union, S.A., Credit Financial Establishment (Sole Proprietorship) - Branch in Portugal, Bni - International Business Bank (Europe), S.A., Banco Bic Português, Sa, Unicre - Credit Financial Institution, S.A.