The age that counts is the usufructuary’s, that is whoever keeps the right to use the property. In a gift with reserved usufruct that is the donor. The last field only feeds the consolidation tax: leave it equal to the full property value if you do not expect the tax value to change.

As a spouse, descendant or ascendant, the recipient is exempt from the 10% of item 1.2 under article 6.º, point e) of the stamp duty code. That exemption does not cover item 1.1, though: the 0.8% on immovable property is due from everyone, exempt family included.

Calculation for mainland Portugal, using the table in article 13.º of the IMT code. Out of scope: the IMT on an onerous sale of either right, which the IMT calculator works out on the base produced here; a usufruct depending on more than one life; life annuities and surface rights, which have their own points; and the capital gains on a future sale.

Educational estimate, not tax or financial advice. Official figures: the Portuguese IMT code, the stamp duty code and the tax authority.