What is IMT Jovem and how much do you save on a first home?

What is IMT Jovem?

IMT Jovem is a measure to help young people buy a home: it exempts buyers up to age 35 from both IMT (the property transfer tax) and the acquisition Stamp Duty (0.8%) when buying their first own and permanent home¹. It has been in force since 1 August 2024, created by Decreto-Lei n.º 48-A/2024².

These are the two taxes you pay before the deed when buying a home. For a young buyer who meets the conditions, both can be zero, a saving that, on a mid-range home, easily reaches thousands of euros. Estimate yours in the IMT Jovem calculator.

Full, partial or no exemption

The value that counts is the higher of the deed price and the property’s VPT, the same base as IMT. The exemption depends on that value¹³:

• Up to €330,539 (the 4th bracket limit of IMT in 2026) → full exemption: no IMT and no acquisition Stamp Duty.
• Between €330,539 and €660,982 → partial exemption: you pay IMT and Stamp Duty only on the amount above €330,539 (8% IMT and 0.8% Stamp Duty on that excess).
• Above €660,982 → no exemption: you pay the normal IMT and Stamp Duty on the whole value.

These two limits (€330,539 and €660,982) match the IMT brackets and are updated every year by the State Budget³.

Who qualifies

To benefit from IMT Jovem you must meet all of these conditions at the date of the deed¹²:

1. Be 35 or younger (age is counted at the deed, not the loan application).
2. It must be your first own and permanent home, a property already built, not land or an off-plan home.
3. You must not be a dependent for IRS purposes (i.e. you file your own tax return).
4. You must not be, nor have been in the last 3 years, the owner of any dwelling.

When a home is bought by more than one person, each buyer must meet the conditions for their share.

Worked example

Picture a 30-year-old buying their first home for €250,000 (with a lower VPT). As the value is below €330,539, the exemption is full:

• Normal IMT ≈ €7,042 (250,000 × 7% − 10,457.96).
• Stamp Duty = 250,000 × 0.8% = €2,000.
• With IMT Jovem they pay €0, a saving of about €9,042.

If the home cost €400,000, the exemption would be partial: they would pay IMT and Stamp Duty only on the €69,461 above the limit (≈ €6,113), still saving about €15,324. See your own numbers in the IMT Jovem calculator.

IMT Jovem and the mortgage Stamp Duty

The exemption covers the acquisition Stamp Duty (0.8% on the home value), but not the mortgage credit Stamp Duty¹. A buyer with a loan still pays 0.6% on the amount financed (item 17.1 of the General Stamp Duty Table). See what Stamp Duty is and estimate it in the Stamp Duty calculator.

What if you do not qualify for IMT Jovem?

If you do not meet the conditions (age, first home, etc.), you pay the normal IMT, which on an own permanent home also has an exemption up to €106,346 in 2026, plus the 0.8% Stamp Duty. See how IMT is calculated and estimate it in the IMT calculator. For the total cost of buying, add the IMT, the Stamp Duty and, if there is a mortgage, the credit Stamp Duty.