Are you 35 years old or younger and want to buy a house?

If you are up to 35 years old (inclusive) and want to buy a house, know that you can benefit from the exemption from taxes due for the acquisition and also from the exemption from land registry fees.

With the entry into force of Decree-Law No. 48-A/2024, of July 25, taxpayers aged 35 or under were exempt from paying the Municipal Tax on Onerous Transfers and Real Estate (IMT) and Stamp Duty on the purchase of permanent housing up to €316,772.00.

To do so, he cannot own another residential property at the time of acquisition, nor can he have been in the previous three years.

If the value of the property to be purchased is greater than €316,772.00, you are also entitled to enjoy a partial exemption, referring only to the excess value.

On the other hand, there is also the benefit of exemption from the payment of land registry fees.

When you buy a property, in addition to the payment of taxes, the payment of the acquisition registration, which amounts to €250, and, if you use credit, the payment of the mortgage registration, whose value is also €250, is also due.

Decree-Law No. 48-D/2024, of 31 July, exempted taxpayers aged 35 or under from the payment of these fees.

Here you also cannot be the owner of any other residential property at the date of acquisition, nor can you have been in the previous three years.

Frequently asked question:

The property is acquired by a couple, and one of the elements is effectively 35 years old or younger, but the other is not. 

Here there is a place for the application of exemptions for the taxable person who meets the requirements, that is, for half.

For more information, please feel free to contact us!