Circular Letter No. 40129/2026 of 6 January introduced the Onerous Transmissions Municipal Tax (IMT) practical tables in force as from 1 January 2026, following the changes to the bands used for IMT rate purposes.
Tables I, II and III apply to mainland Portugal and Tables IV, V and VI to the Autonomous Regions of the Azores and Madeira.
The bands on which IMT is levied, for the acquisition of a building or apartment, are increased by 2%.
As a result of this change, in the case of the acquisition of a building or apartment destined solely for main permanent dwelling purposes (Table I), IMT is only due if the value on which the tax is levied exceeds €106,346 (previously €104,261).
In the case of the first acquisition of permanent dwelling by young people up to the age of 35 (Table II), IMT is only due if the value on which the tax is levied exceeds €330,539 (previously €324,058).
The bands for determining the IMT rate applicable to the transfer of a building or apartment destined solely for main permanent dwelling purposes of the taxpayer and the respective family household (Table III), are also increased by 2%, and IMT is only due if the value on which the tax is levied exceeds €106,346 (previously €104,261).
Circular Letter No. 40129/2026 of 6 January
