IMI Tax when buying a house

Wingover

Member

Member since 18 February 2021

Wingover

31 July 2021 21:01:27

Wingover

31 July 2021 21:01:27

Hi All,

I am told that when you buy a house in Portugal you, as the buyer, have to pay the IMI at the end of the year, for the entire year even If you buy it late in the year like Oct-Nov time.

Is it not common to share proportionally with the seller for the time each of us owned the house for that year?

Also, the down payment on a house - Is it held in trust or given to the sellers?

Thanks!

JohnnyPT

Portugal Expert

Member since 23 May 2020

Portugal

JohnnyPT

01 August 2021 21:35:27

3836

JohnnyPT

01 August 2021 21:35:27

3836

Portugal

Please read this:

IMI, Imposto Municipal sobre Imóveis (which means Council Property Tax)

https://www.expat.com/forum/viewtopic.p … 54#5194500
(Post #4)