Liens or charges involved that may exist after purchasing a property:

- Bank credit;

• Condo;
• - Additional Contracts (Water, Electricity, Gas, Insurance ...);
• - Maintenance expenses;

Taxes payable before:

• Imposto Selo;
• - IMT;
• Taxes payable after:
• -IMI;

After sales tax is to erase the Capital Gains (Mais Valias), if there is;

The sale of a property may give rise to income subject to IRS when between the purchase price and the sale value is realized a gain, or a gain.

If you bought a house in the object, for € 32,400, and:

• Not paid IMT (to be exempt);

• Spent 760 EUR with the deed and registration;

• Replaced the wiring that cost him € 1,980 in 2008;

• He sold it for € 94,700 in 2011;

The realized gain is € 41,092. As is only half that is subject to tax, IRS pay about € 20,546. However, in your tax return, simply mention the dates and amounts of the purchase and sale of the property, as well as the value of the respective charges, and indicate the amounts of purchase, and the tax authorities do the math.

The value of the taxable capital gain is obtained as follows:

94,700 - (32,400 x 1.57 (coefficient update) + 760 + 1,980) =

94700-50868 = 41,092 x 50% = 20,546

This amount is in addition to other income subject to IRS for clearance of the applicable rate.

The acquisition of property by gift or inheritance is subject to stamp duty at the rate of 10%. This rate applies to the market value of the goods or, in the case of real estate, its taxable value, which consists of the urban land passbook.

However, if the person receiving property by gift or inheritance is a spouse, descendant or ascendant of the donor or the deceased is not subject to this tax. If you receive an inheritance may have to bear the tax burden, for example, stamp duty. The assets to the spouse or de facto united, descendants (children and grandchildren) and ascending (parents and grandparents) are exempt. The remaining beneficiaries of inheritance or gift, regardless of affinity or kinship, even the brothers pay 10% of the goods received.

You can find the equity value of your property through the Caderneta Predial of house.

Taxes:

• Council Tax Costly Transmission (IMT); Stamp Duty;charges:
•  Legal Fees:
• - Evaluation of the price of a property: 500 €;
• - Bank charges (in case of mortgage): about 250 €;
• - Provisional Registration: € 650;
• - Registration in the Land Registry: about 750 €;
• Other expenses:
• A real estate agent commission varies from 3% to 6% of the sale price, depending on the value of the property, type of contract and is paid by the seller. However, it is usually included in the sale price and therefore is the buyer that pays;
• Fees of experts: When it is necessary to make an assessment of the state of a property or plot of land, the value depends on the type of expertise, specific requirements and property value;
• A complete evaluation including inspection of building structures should be less than half a percent of the property value;

The document is to request the Finance- Canderneta Predial, you can survey the same site through the Finance for free.

The value of an evaluation of an urban property type apartment or villa round usually between € 250 and € 350 + VAT. For properties of other dimensions or the value may be higher.

• The real estate subject to the payment of the annual IMI. However, in certain situations may qualify for tax exemption.
• May be free in the first year after purchase, real estate acquired for, permanent residence of the buyer, spouse and children, since the annual income for IRS purposes not exceeding € 153,300;
• In cases of rent for permanent residence, provided that it is actually inhabited within six months after the acquisition. The exemption is granted for three years and only applies to buildings whose book value does not exceed € 125,000.