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

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.

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.

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.

Yes. But since half of the couple is over 35 years old, the exemption is also halved.

Yes, the exemption remains at 50%.

No, only age and whether or not you have previously owned a house matter.

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.

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.

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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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.

Exemption from IMT and Stamp Duty.

Frequently asked questions.

Who can request the exemption from IMT and IS?

What are the benefits of the exemption?

Is there an exemption in the case of a couple, where one is under and the other is over 35 years old?

And if the house is the first permanent residence only for one of the couple's members (and who is under 35 years old)?

Are the incomes considered for the calculation of the exemption amount?

How is the IMT exemption calculated?

And the Stamp Duty?

And for the Acquisition Registration and Mortgage Registration?

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Contacts