Comments on: Buying Property in Portugal http://propertyforsaleportugal.org/buying-property-in-portugal/ Get the best prices and deals on Portugal Property Sat, 12 Sep 2009 12:38:39 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Tania Wynn http://propertyforsaleportugal.org/buying-property-in-portugal/comment-page-1/#comment-1324 Tania Wynn Sat, 12 Sep 2009 12:38:39 +0000 http://propertyforsaleportugal.org/?p=24#comment-1324 Hello, please kindly answer the following questions and thank you in advance for your assistance: We are planning to buy a house under construction, deliverable to us in November 2009, in rural Portugal. Question #1 : Under your description of COSTS, do we have to pay 20% VAT because it is a new construction ? 20% of what amount ? 200 000€ we will pay to the seller /constructor ? Question # 2 Since it is a new construction, does it also mean that we do not have to pay the Tranfer Tax, which only applies to resale properties, as mentioned in your article. Question # 3 If it is a resale property, what percentage of the purchase price does the Tranfer Tax represent ? Question # 4 Legal charges is 1 to 2% of the purchase price ? Thank you Hello, please kindly answer the following questions and thank you in advance for your assistance:

We are planning to buy a house under construction, deliverable to us in November 2009, in rural Portugal.
Question #1 :
Under your description of COSTS, do we have to pay 20% VAT because it is a new construction ? 20% of what amount ? 200 000€ we will pay to the seller /constructor ?

Question # 2
Since it is a new construction, does it also mean that we do not have to pay the Tranfer Tax, which only applies to resale properties, as mentioned in your article.

Question # 3
If it is a resale property, what percentage of the purchase price does the Tranfer Tax represent ?

Question # 4
Legal charges is 1 to 2% of the purchase price ?
Thank you

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