Registration, taxes and legal fees
Registration
Lastly and vitally, the property needs to be registered at the local land registry office (Conservatoria do Registo) in the name of the new owner.
This can be done with the copy of the deed and should take place without any delay.
Taxes & legal fees
The property transfer tax (IMI) depends on the declared value of the property.
There is a sliding scale from
EUR 80'000.00 (0%) to EUR 500'000.00 and more (6%).
The legal fees for the notary and land registry are also based on the value. All taxes and legal fees are paid by the buyer.
