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Property Tax - (IMI).
General rates are payable annually and are assessed by the local authority (rather like council tax in the UK). As a guideline your annual property tax may be levied at up to 0.72% of the market value, which is assessed based on five components:
• Construction area and implementation
• Type of usage
• Age
• Location
• Quality of construction
glossary

To buy a property in Portugal you don't need to learn portuguese, but it maybe useful to kown the name of the important documents and taxes.




useful information

Costs of Buying a Property in Portugal.
Before buying anything you should know what is the total amount that you'll spend.




Buying guide



Steps to buy a property in Portugal
1. Use a government licensed Estate Agent like Rede Real agents.
2. Non-Residents ,and Fiscal Representation.
3. Reservation Deal , to take the property off the market.
4. Collect all the documentation.
5. Promissory Contract, buyer and seller agree on the deal.
6. The property transfer tax should be paid.
7. Final Deed signed at the Notary’s office.
8. Registration in your name.



Corporate Ownership.
Owning a property in Portugal using an Corporate Ownership.
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Date: 05-09-2008