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Buying & Selling
Capital Gains Tax
Capital Gains Tax on Property Sales in Portugal
A practical owner’s guide to how the gain is calculated, what you can deduct, and the reliefs that may reduce or remove the tax due.
Guides can be downloaded here ... Capital Gains Tax on Property Sales in Portugal
|
At a glance Tax is generally charged on 50% of the gain, then added to your other income at progressive rates of 12.5% to 48%. The taxable gain is reduced by an inflation adjustment, capital improvement works, and a defined list of acquisition costs. Selling your main residence may be fully exempt where the gain is reinvested within the permitted deadlines. |
Overview
When selling a property in Portugal, the taxable capital gain is not simply the difference between the purchase price and the selling price.
The calculation generally follows this formula:
|
Capital Gain = Sale Value − Adjusted Acquisition Value − Deductible Expenses |
Once the capital gain has been determined, as a general rule only 50% of the gain is considered for Personal Income Tax (IRS) purposes. This amount is added to the taxpayer’s other taxable income and taxed at Portugal’s progressive rates.
1. How Capital Gains Are Calculated
Adjusted Acquisition Value
The original purchase price is adjusted using the official inflation adjustment coefficients (coefficients of monetary depreciation) published annually by the Portuguese Government. This adjustment reduces the taxable capital gain.
|
Worked example Purchase price in 2015: €200,000 Sale price in 2026: €350,000 The acquisition value is not treated as €200,000, but as €200,000 multiplied by the applicable inflation adjustment coefficient. |
2. Deductible Expenses
Capital Improvement Works
The following may be deducted:
- Renovations
- Property improvements
- Extensions and structural alterations
Provided that:
- The works were carried out within the previous 12 years;
- Supporting invoices are available;
- The invoices are issued in the name of the property owner and clearly identify the property address.
|
Important The purchase of materials alone is insufficient. The invoice must evidence the work carried out, not simply the goods bought. |
Example
|
✗ |
Purchase of a kitchen from a retailer only. |
|
✓ |
Purchase of the kitchen together with an installation invoice showing the property owner’s name and the address where the work was carried out. |
Other Deductible Expenses
The following costs may also be deducted:
- Property Transfer Tax (IMT) paid on acquisition
- Stamp Duty paid on acquisition
- Notarial and conveyancing fees
- Energy Performance Certificate (EPC) costs
- Estate agency commission
Non-Deductible Expenses
According to the current interpretation, the following are not deductible for capital gains tax purposes:
- Legal fees
- Solicitors’ and lawyers’ fees
- General legal consultancy costs
3. Taxation of Portuguese Tax Residents
Once the capital gain has been calculated, only half of it is brought into the taxpayer’s income.
|
Worked example Capital Gain: €100,000 Only 50% is considered: 50% × €100,000 = €50,000 This €50,000 is added to the taxpayer’s other income and taxed at progressive rates. |
The combined income includes employment income, pension income, and self-employment income. It is then taxed according to Portugal’s progressive income tax bands.
|
Consequence The sale of a property may significantly increase the taxpayer’s effective tax rate and potentially move them into a higher bracket (between 12.5% and 48%). |
4. Taxation of Non-Residents
Legislative changes introduced in 2023 brought non-residents broadly into line with residents. Under the current rules:
- Residents and non-residents are broadly subject to the same capital gains regime;
- Only 50% of the capital gain is taken into account;
- Worldwide income is considered when determining the applicable tax rate;
- Tax is effectively levied only on the Portuguese capital gain.
These changes were introduced to eliminate the discriminatory treatment that previously existed for non-resident taxpayers.
5. Double Taxation Agreements
The fundamental principle is that the property is taxed in the country where it is located.
- Property located in Portugal is taxable in Portugal.
- Property located in the United Kingdom is taxable in the United Kingdom.
|
Lex Rei Sitae The law of the place where the property is situated. This is the governing principle for cross-border property taxation. |
6. Local Accommodation (Alojamento Local – AL)
A different regime may apply to properties registered for short-term tourist accommodation.
General Rule
Normally, 50% of the capital gain is considered for taxation.
Properties with an Active AL Licence
In certain circumstances, up to 95% of the capital gain may be taken into account, substantially increasing the taxable amount.
|
How to avoid the 95% rule The AL licence must be cancelled and the activity must cease; For a period of 3 years, the property must be used as a permanent residence or let under a residential tenancy agreement for a minimum of 3 years. Provided these conditions are met, the standard 50% rule may apply once again. |
7. Properties Held by Companies
Where the property is owned by a company:
- The 50% reduction does not apply;
- 100% of the capital gain forms part of the company’s taxable profit;
- The gain is subject to Portuguese Corporate Income Tax (IRC).
8. Capital Gains Tax Exemption Through Reinvestment
One of the most important reliefs available concerns the sale of a main residence (permanent home / principal private residence). Under certain conditions, the capital gain may be exempt from taxation.
|
Main condition The taxpayer must have registered their tax residence at the property for at least 12 months prior to the sale. |
Reinvestment Options
1. Purchase of a New Main Residence in Portugal or Europe
The reinvestment may occur up to 24 months before the sale, or up to 36 months after the sale.
2. Improvements to an Existing Secondary Property
The property must become the taxpayer’s principal residence within the first 12 months from the sale. The work must be completed within 36 months from the sale of the property.
3. Building Land and Construction of a New Main Residence
This option involves several conditions:
- Acquisition of building land;
- Construction works;
- Occupancy licence;
- Registration with the Portuguese Tax Authority.
All stages must generally fall within the period beginning 24 months before the land purchase and project submission to the town hall and ending 36 months after the sale of the permanent home. The habitation licence must be issued no later than 48 months following the sale of the original main residence.
4. Life Insurance Financial Product
Available to individuals aged 65 or over, or to retired individuals.
|
Investment deadline The investment must be made within 6 months of the sale, held for a minimum of 10 years, with a 7.5% annual return. |
Recent Legislative Developments
Recent State Budget measures and housing initiatives have introduced additional reinvestment opportunities, including:
- Investment in properties intended for long-term residential letting;
- Reinvestment through renovation works intended for residential rental purposes;
- Tax incentives applicable to certain sales of secondary residences.
As these measures are subject to legislative amendment and ongoing interpretation, professional advice should always be sought based on the legislation in force at the date of sale.
Key Considerations for Owners Intending to Sell
Retain All Supporting Documentation
In particular, keep:
- Renovation and improvement invoices;
- IMT receipts;
- Stamp Duty receipts;
- Energy Performance Certificate costs;
- Estate agency commission invoices.
These documents may significantly reduce the taxable capital gain.
Consider Reinvestment Carefully
Many taxpayers pay unnecessary tax because they are unaware of the reinvestment deadlines and available exemptions. Planning ahead of a sale is often the difference between a substantial tax bill and full relief.
ONE LAST IMPORTANT DETAIL — UNDER THE NEW LEGISLATION
Exemption on the Sale of a Secondary Residence
|
Please note This information is very important, but it carries a special requirement: the permitted rents are capped under the Affordable Rent Scheme. See the rental prices in the attached rent schedule. |
Capital Gains Tax Exemption – Sale of a Secondary Residence
According to the explanation provided by the tax lawyer, it may be possible to obtain an exemption from Capital Gains Tax when selling a secondary residence, provided that the proceeds are reinvested in accordance with the specific requirements established by Portuguese legislation.
Broadly, the seller may reinvest the proceeds from the sale into purchasing one or more residential properties intended for long-term rental under the Government’s Affordable Rent Scheme (Arrendamento a Custos Acessíveis / Renda Moderada), as set out in the attached rent schedule.
To qualify for the exemption, the following conditions must be met:
- The newly acquired property must be rented under the affordable rental programme, respecting the maximum rent limits established by the Portuguese Government;
- The rental agreement must comply with the minimum duration required by law (currently understood to be at least three years);
- The property must remain allocated to this purpose and be retained by the owner for a minimum period of five years;
- All legal and tax requirements in force at the time must be fully complied with.
|
A point to weigh carefully In practice, this option may not be suitable for all investors, as the rental values permitted under the affordable rental scheme are often significantly lower than prevailing market rents. |
Provided that all statutory conditions are met and maintained throughout the required period, the capital gains arising from the sale of the original secondary residence may benefit from the applicable tax exemption.
As tax legislation is subject to change and individual circumstances vary, property owners should always seek advice from a qualified accountant or tax adviser before proceeding with any sale or reinvestment strategy.
APPENDIX
Maximum Permitted Rents for 2026
These are the maximum monthly rents permitted under the Affordable Rent Scheme for 2026, set by Decreto-Lei n.º 90-C/2022 of 30 December and ordered by municipality. A property let above these limits does not qualify for the scheme, so reinvestment into it would not secure the capital gains exemption described in this guide.
The columns T0 to T5 refer to the property typology by number of bedrooms: T0 is a studio, T1 a one-bedroom home, and so on up to T5 (a five-bedroom home).
|
Algarve at a glance The table below shows the 2026 caps for every Algarve municipality. The full national schedule follows for reference, with Algarve municipalities highlighted. |
Algarve Municipalities
|
Concelho |
T0 |
T1 |
T2 |
T3 |
T4 |
T5 |
|
Albufeira |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Alcoutim |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Aljezur |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Castro Marim |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Faro |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Lagoa (Algarve) |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Lagos |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Loule |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Monchique |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Olhão |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Portimão |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
S. Bras de Alportel |
€536 |
€536 |
€664 |
€664 |
€863 |
€863 |
|
Silves |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Tavira |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Vila do Bispo |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Vila Real de Santo António |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
All values are monthly maximums in euros.
Full National Schedule
Ordered alphabetically by municipality. Algarve municipalities are shaded for ease of reference.
|
Município |
NUT III |
T0 |
T1 |
T2 |
T3 |
T4 |
T5 |
|
Abrantes |
Médio Tejo |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Agueda |
Baixo Vouga |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Aguiar da Beira |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Alandroal |
Alentejo Central |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Albergaria-a-Velha |
Baixo Vouga |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Albufeira |
Algarve |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Alcacer do Sal |
Alentejo Litoral |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Alcanena |
Médio Tejo |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Alcobaça |
Oeste |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Alcochete |
Península de Setúbal |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Alcoutim |
Algarve |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Alenquer |
Oeste |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Alfandega da Fe |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Alijo |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Aljezur |
Algarve |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Aljustrel |
Baixo Alentejo |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Almada |
Península de Setúbal |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Almeida |
Beira Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Almeirim |
Lezíria do Tejo |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Almodovar |
Baixo Alentejo |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Alpiarça |
Lezíria do Tejo |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Alter do Chão |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Alvaiazere |
Pinhal Interior Norte |
€351 |
€392 |
€504 |
€587 |
€671 |
€755 |
|
Alvito |
Baixo Alentejo |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Amadora |
Grande Lisboa |
€664 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Amarante |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Amares |
Cávado |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Anadia |
Baixo Vouga |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Angra do Heroismo |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Ansião |
Pinhal Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Arcos de Valdevez |
Minho Lima |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Arganil |
Pinhal Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Armamar |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Arouca |
Entre Douro e Vouga |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Arraiolos |
Alentejo Central |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Arronches |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Arruda dos Vinhos |
Oeste |
€441 |
€531 |
€671 |
€784 |
€895 |
€979 |
|
Aveiro |
Baixo Vouga |
€441 |
€531 |
€671 |
€784 |
€895 |
€979 |
|
Avis |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Azambuja |
Lezíria do Tejo |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Baião |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Barcelos |
Cávado |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Barrancos |
Baixo Alentejo |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Barreiro |
Península de Setúbal |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Batalha |
Pinhal Litoral |
€441 |
€441 |
€560 |
€560 |
€703 |
€703 |
|
Beja |
Baixo Alentejo |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Belmonte |
Cova da Beira |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Benavente |
Lezíria do Tejo |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Bombarral |
Oeste |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Borba |
Alentejo Central |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Boticas |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Braga |
Cávado |
€399 |
€531 |
€671 |
€784 |
€895 |
€979 |
|
Bragança |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Cabeceiras de Basto |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Cadaval |
Oeste |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Caldas da Rainha |
Oeste |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Calheta (Açores) |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Calheta (Madeira) |
R. A. Madeira |
€536 |
€536 |
€664 |
€664 |
€863 |
€863 |
|
Camara de Lobos |
R. A. Madeira |
€536 |
€536 |
€664 |
€664 |
€863 |
€863 |
|
Caminha |
Minho Lima |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Campo Maior |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Cantanhede |
Baixo Mondego |
€536 |
€536 |
€664 |
€664 |
€863 |
€863 |
|
Carrazeda de Ansiães |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Carregal do Sal |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Cartaxo |
Lezíria do Tejo |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Cascais |
Grande Lisboa |
€664 |
€866 |
€1,118 |
€1,341 |
€1,510 |
€1,676 |
|
Castanheira de Pera |
Pinhal Interior Norte |
€351 |
€392 |
€504 |
€587 |
€671 |
€755 |
|
Castelo Branco |
Beira Interior Sul |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Castelo de Paiva |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Castelo de Vide |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Castro Daire |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Castro Marim |
Algarve |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Castro Verde |
Baixo Alentejo |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Celorico da Beira |
Beira Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Celorico de Basto |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Chamusca |
Lezíria do Tejo |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Chaves |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Cinfães |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Coimbra |
Baixo Mondego |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Condeixa-a-Nova |
Baixo Mondego |
€536 |
€536 |
€664 |
€664 |
€863 |
€863 |
|
Constancia |
Médio Tejo |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Coruche |
Lezíria do Tejo |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Corvo |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Covilhã |
Cova da Beira |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Crato |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Cuba |
Baixo Alentejo |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Elvas |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Entroncamento |
Médio Tejo |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Espinho |
Grande Porto |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Esposende |
Cávado |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Estarreja |
Baixo Vouga |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Estremoz |
Alentejo Central |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Evora |
Alentejo Central |
€441 |
€531 |
€671 |
€784 |
€895 |
€979 |
|
Fafe |
Ave |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Faro |
Algarve |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Felgueiras |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Ferreira do Alentejo |
Baixo Alentejo |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Ferreira do Zezere |
Médio Tejo |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Figueira da Foz |
Baixo Mondego |
€536 |
€536 |
€664 |
€664 |
€863 |
€863 |
|
Figueira de Castelo |
Beira Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Figueiro dos Vinhos |
Pinhal Interior Norte |
€351 |
€392 |
€504 |
€587 |
€671 |
€755 |
|
Fornos de Algodres |
Serra da Estrela |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Freixo de Espada a Cinta |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Fronteira |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Funchal |
R. A. Madeira |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Fundão |
Cova da Beira |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Gavião |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Gois |
Pinhal Interior Norte |
€351 |
€392 |
€504 |
€587 |
€671 |
€755 |
|
Golegã |
Lezíria do Tejo |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Gondomar |
Grande Porto |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Gouveia |
Serra da Estrela |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Grandola |
Alentejo Litoral |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Guarda |
Beira Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Guimarães |
Ave |
€351 |
€392 |
€504 |
€587 |
€671 |
€755 |
|
Horta |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Idanha-a-Nova |
Beira Interior Sul |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Ilhavo |
Baixo Vouga |
€441 |
€531 |
€671 |
€784 |
€895 |
€979 |
|
Lagoa (Açores) |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Lagoa (Algarve) |
Algarve |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Lagos |
Algarve |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Lajes das Flores |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Lajes do Pico |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Lamego |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Leiria |
Pinhal Litoral |
€441 |
€441 |
€560 |
€587 |
€703 |
€755 |
|
Lisboa |
Grande Lisboa |
€671 |
€1,006 |
€1,286 |
€1,536 |
€1,732 |
€1,900 |
|
Loule |
Algarve |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Loures |
Grande Lisboa |
€664 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Lourinhã |
Oeste |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Lousã |
Pinhal Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Lousada |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Mação |
Pinhal Interior Sul |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Macedo de Cavaleiros |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Machico |
R. A. Madeira |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Madalena |
R. A. Açores |
€441 |
€531 |
€671 |
€784 |
€895 |
€979 |
|
Mafra |
Grande Lisboa |
€664 |
€664 |
€863 |
€863 |
€992 |
€992 |
|
Maia |
Grande Porto |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Mangualde |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Manteigas |
Beira Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Marco de Canaveses |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Marinha Grande |
Pinhal Litoral |
€441 |
€441 |
€560 |
€587 |
€703 |
€755 |
|
Marvão |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Matosinhos |
Grande Porto |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Mealhada |
Baixo Vouga |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Meda |
Beira Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Melgaço |
Minho Lima |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Mertola |
Baixo Alentejo |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Mesão Frio |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Mira |
Baixo Mondego |
€536 |
€536 |
€664 |
€664 |
€863 |
€863 |
|
Miranda do Corvo |
Pinhal Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Miranda do Douro |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Mirandela |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Mogadouro |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Moimenta da Beira |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Moita |
Península de Setúbal |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Monção |
Minho Lima |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Monchique |
Algarve |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Mondim de Basto |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Monforte |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Montalegre |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Montemor-o-Novo |
Alentejo Central |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Montemor-o-Velho |
Baixo Mondego |
€536 |
€536 |
€664 |
€664 |
€863 |
€863 |
|
Montijo |
Península de Setúbal |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Mora |
Alentejo Central |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Mortagua |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Moura |
Baixo Alentejo |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Mourão |
Alentejo Central |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Murça |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Murtosa |
Baixo Vouga |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Nazare |
Oeste |
€441 |
€531 |
€671 |
€784 |
€895 |
€979 |
|
Nelas |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Nisa |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Nordeste |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Obidos |
Oeste |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Odemira |
Alentejo Litoral |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Odivelas |
Grande Lisboa |
€664 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Oeiras |
Grande Lisboa |
€664 |
€866 |
€1,118 |
€1,341 |
€1,510 |
€1,676 |
|
Oleiros |
Pinhal Interior Sul |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Olhão |
Algarve |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Oliveira de Azemeis |
Entre Douro e Vouga |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Oliveira de Frades |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Oliveira do Bairro |
Baixo Vouga |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Oliveira do Hospital |
Pinhal Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Ourem |
Médio Tejo |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Ourique |
Baixo Alentejo |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Ovar |
Baixo Vouga |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Paços de Ferreira |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Palmela |
Península de Setúbal |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Pampilhosa da Serra |
Pinhal Interior Norte |
€351 |
€392 |
€504 |
€587 |
€671 |
€755 |
|
Paredes |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Paredes de Coura |
Minho Lima |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Pedrogão Grande |
Pinhal Interior Norte |
€351 |
€392 |
€504 |
€587 |
€671 |
€755 |
|
Penacova |
Baixo Mondego |
€536 |
€536 |
€664 |
€664 |
€863 |
€863 |
|
Penafiel |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Penalva do Castelo |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Penamacor |
Beira Interior Sul |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Penedono |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Penela |
Pinhal Interior Norte |
€351 |
€392 |
€504 |
€587 |
€671 |
€755 |
|
Peniche |
Oeste |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Peso da Regua |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Pinhel |
Beira Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Pombal |
Pinhal Litoral |
€441 |
€441 |
€560 |
€560 |
€703 |
€703 |
|
Ponta Delgada |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Ponta do Sol |
R. A. Madeira |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Ponte da Barca |
Minho Lima |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Ponte de Lima |
Minho Lima |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Ponte de Sor |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Portalegre |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Portel |
Alentejo Central |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Portimão |
Algarve |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Porto |
Grande Porto |
€587 |
€866 |
€1,118 |
€1,341 |
€1,510 |
€1,676 |
|
Porto de Mos |
Pinhal Litoral |
€441 |
€441 |
€560 |
€560 |
€703 |
€703 |
|
Porto Moniz |
R. A. Madeira |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Porto Santo |
R. A. Madeira |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Povoa de Lanhoso |
Ave |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Povoa de Varzim |
Grande Porto |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Povoação |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Proença-a-Nova |
Pinhal Interior Sul |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Redondo |
Alentejo Central |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Reguengos de Monsaraz |
Alentejo Central |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Resende |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Ribeira Brava |
R. A. Madeira |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Ribeira de Pena |
Tâmega |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Ribeira Grande |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Rio Maior |
Lezíria do Tejo |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
S. Bras de Alportel |
Algarve |
€536 |
€536 |
€664 |
€664 |
€863 |
€863 |
|
S. João da Madeira |
Entre Douro e Vouga |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
S. João da Pesqueira |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
S. Pedro do Sul |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
S. Roque do Pico |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
S. Vicente |
R. A. Madeira |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Sabrosa |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Sabugal |
Beira Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Salvaterra de Magos |
Lezíria do Tejo |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Santa Comba Dão |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Santa Cruz |
R. A. Madeira |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Santa Cruz da Graciosa |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Santa Cruz das Flores |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Santa Maria da Feira |
Entre Douro e Vouga |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Santa Marta de |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Santana |
R. A. Madeira |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Santarem |
Lezíria do Tejo |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Santiago do Cacem |
Alentejo Litoral |
€441 |
€531 |
€671 |
€784 |
€895 |
€979 |
|
Santo Tirso |
Ave |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Sardoal |
Médio Tejo |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Satão |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Seia |
Serra da Estrela |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Seixal |
Península de Setúbal |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Sernancelhe |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Serpa |
Baixo Alentejo |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Sertã |
Pinhal Interior Sul |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Sesimbra |
Península de Setúbal |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Setubal |
Península de Setúbal |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Sever do Vouga |
Baixo Vouga |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Silves |
Algarve |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Sines |
Alentejo Litoral |
€448 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Sintra |
Grande Lisboa |
€664 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Sobral de Monte Agraço |
Oeste |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Soure |
Baixo Mondego |
€536 |
€536 |
€664 |
€664 |
€863 |
€863 |
|
Sousel |
Alto Alentejo |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Tabua |
Pinhal Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Tabuaço |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Tarouca |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Tavira |
Algarve |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Terras de Bouro |
Cávado |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Tomar |
Médio Tejo |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Tondela |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Torre de Moncorvo |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Torres Novas |
Médio Tejo |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Torres Vedras |
Oeste |
€441 |
€531 |
€671 |
€784 |
€895 |
€979 |
|
Trancoso |
Beira Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Trofa |
Ave |
€351 |
€392 |
€504 |
€587 |
€671 |
€755 |
|
Vagos |
Baixo Vouga |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Vale de Cambra |
Entre Douro e Vouga |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Valença |
Minho Lima |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Valongo |
Grande Porto |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Valpaços |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Velas |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Vendas Novas |
Alentejo Central |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Viana do Alentejo |
Alentejo Central |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Viana do Castelo |
Minho Lima |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Vidigueira |
Baixo Alentejo |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Vieira do Minho |
Ave |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Vila de Rei |
Pinhal Interior Sul |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Vila do Bispo |
Algarve |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Vila do Conde |
Grande Porto |
€536 |
€536 |
€664 |
€664 |
€863 |
€863 |
|
Vila do Porto |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Vila Flor |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Vila Franca de Xira |
Grande Lisboa |
€664 |
€664 |
€863 |
€863 |
€992 |
€992 |
|
Vila Franca do Campo |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Vila Nova da Barquinha |
Médio Tejo |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Vila Nova de Cerveira |
Minho Lima |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Vila Nova de Famalicão |
Ave |
€351 |
€392 |
€504 |
€587 |
€671 |
€755 |
|
Vila Nova de Foz Coa |
Douro |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Vila Nova de Gaia |
Grande Porto |
€536 |
€536 |
€671 |
€784 |
€895 |
€979 |
|
Vila Nova de Paiva |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Vila Nova de Poiares |
Pinhal Interior Norte |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Vila Pouca de Aguiar |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Vila Praia da Vitoria |
R. A. Açores |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Vila Real |
Douro |
€351 |
€392 |
€504 |
€587 |
€671 |
€755 |
|
Vila Real de Santo António |
Algarve |
€536 |
€671 |
€866 |
€1,034 |
€1,146 |
€1,257 |
|
Vila Velha de Rodão |
Beira Interior Sul |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Vila Verde |
Cávado |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
|
Vila Viçosa |
Alentejo Central |
€441 |
€441 |
€599 |
€599 |
€769 |
€769 |
|
Vimioso |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Vinhais |
Alto Trás-Os-Montes |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Viseu |
Dão Lafões |
€399 |
€399 |
€560 |
€587 |
€703 |
€755 |
|
Vizela |
Ave |
€351 |
€351 |
€495 |
€495 |
€624 |
€624 |
|
Vouzela |
Dão Lafões |
€399 |
€399 |
€560 |
€560 |
€703 |
€703 |
Source: Decreto-Lei n.º 90-C/2022, de 30 de Dezembro. Values for 2026; all amounts are monthly maximums in euros.
|
Important note This guide is provided by OliveHomes.com for general information only. It is not tax, legal, or financial advice and should not be relied upon as such. Portuguese tax legislation changes frequently and individual circumstances vary. You should always obtain professional advice based on the rules in force at the date of your sale before making any decision. |
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