A total of 19.745 people benefited from exemption from IMT, Stamp Duty and emoluments when buying their first home, according to data provided to Lusa by the Ministry of Youth and Modernisation. 

According to the same information, which reflects the situation up to 19 January, the number of houses purchased by beneficiaries of this measure totalled 13.892, with the average value of the houses transacted remaining at 187 thousand euros. 

In recent statements to Lusa, the Minister for Youth and Modernisation, Margarida Balseiro Lopes, gave a positive assessment of this measure, considering that it has made it possible to ‘remove obstacles’ in young people´s access to housing. 

The number of people who have benefited from the measure in its six and a half months of application compares with the 3.098 who bought a house with exemption from IMT and Stamp Duty in the first month and a half of the measure, when 2.141 properties were purchased. 

The IMT Jovem began to be applied in August last year, and a table of this tax was created for the beneficiaries of the measure, which includes four brackets, including total exemption on purchases that fall into the 1st of these brackets and the application of an 8% rate on the value that ‘fits’ into the next bracket. 

With the entry into force of the State Budget for 2025 (OE2025) and the updating of the IMT brackets by 2.3 per cent, the transaction value that benefits from total exemption was set at 324.058 (an increase of around seven thousand euros compared to the value in force in 2024), while the portion taxed at 8 per cent rose to 648.022 euros (compared to 633.453 euros in 2024). 

In order to have access to this measure, which is granted automatically, young people must not have owned property in the three years prior to buying the house, and the age limit (35) is measured at the time of the deed.

Source: idealista/news
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