Exemption from IMT (Municipal Property Transfer Tax) and IS (Stamp Tax)

Exemption from IMT (Municipal Property Transfer Tax) and IS (Stamp Tax)

EA BriefFiscalTax

31 July, 2024

The Decree-Law no. 48-A/2024 establishes an exemption from municipal property transfer tax (IMT)  and stamp duty (IS) for the purchase of a first permanent home by young people up to the age of 35 and that are integrated within the limits imposed by this diploma, and amends:

1. The Municipal Property Transfer Tax Code (IMT Code) approved by Decree-Law no. 287/2003, of November 12, in its current wording; and
2. The Stamp Duty Code, approved by Law no. 150/99, of September 11, in its current wording.

It also establishes a mechanism to compensate municipalities for the lost incomes as a result of the application of the IMT exemption.