Housing Support for Young People

Hey Millennials and Gen Z, we have news!

Do you want to buy a house with no down payment, 100% financed, and without having to pay IMT or Stamp Duty? Banco Montepio tells you how.

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If you want to move out of your parents' house, stop sharing a house with friends, or stop paying rent, now it's easier. Are you between 18 and 35 years old and need 100% financing? Go ahead with the house purchase and, if necessary, use the State's personal guarantee, where it acts as your guarantor. Do taxes take a big chunk of your budget? It doesn't have to be that way, as you can also benefit from exemptions on the Municipal Tax on Onerous Property Transfers (IMT), Stamp Duty (IS), and even on registrations.

Banco Montepio is here for you on this journey and explains everything.

State personal guarantee Exemption from IMT and Stamp Duty
Isenção do IMT e do IS

Purchase a house with tax benefits

Exemption from IMT and Stamp Duty.

Total and partial, the good news is that the State exempts you from these taxes to facilitate your access to home ownership.

Frequently asked questions.

Who can request the exemption from IMT and IS?
Young people between the ages of 18 and 35, who are not dependent on their parents for IRS purposes and who have never owned a house. If you buy the house together with someone else, be aware that there are some exceptions.
What are the benefits of the exemption?

According to Decree-Law 48-A/2024 and 48-D/2024, there are three benefits:

· Municipal Tax on Onerous Property Transfers (IMT);

· Stamp Duty (IS);

· Acquisition Registration and Mortgage Registration.

Is there an exemption in the case of a couple, where one is under and the other is over 35 years old?
Yes. But since half of the couple is over 35 years old, the exemption is also halved.
And if the house is the first permanent residence only for one of the couple's members (and who is under 35 years old)?
Yes, the exemption remains at 50%.
Are the incomes considered for the calculation of the exemption amount?
No, only age and whether or not you have previously owned a house matter.
How is the IMT exemption calculated?

The purchase price of the house will determine whether you have full or partial exemption, or no exemption at all:

· Full exemption: houses with a purchase or deed value not exceeding €324,058 (maximum value of the 4th IMT bracket).

· Partial exemption: houses with a purchase or deed value between €324,058 and €648,022 have an exemption up to €324,058. In the case of a couple, if one is already a homeowner (or has been in the last three years), they can benefit from a 50% exemption on the total tax amount.

· No exemption: houses with a purchase or deed value exceeding €648,022.

And the Stamp Duty?

Once again, it all depends on the transaction value:

· Full exemption: houses with a purchase or deed value not exceeding €324,058 (maximum value of the 4th IMT bracket).

· For houses of higher value, the remaining tax amount is due.

And for the Acquisition Registration and Mortgage Registration?
You are exempt from the fees due for the acquisition registration, for the transfer for consideration between living persons, of property with a taxable patrimonial value up to €324,058.

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