Madeira: Personal Taxation
Stamp Duty is levied on various transactions in Madeira; the most important are:
- banking transactions at 3 or 4% of the amount;
- documents connected with loans, debt etc at 0.5% of the amount;
- bills of exchange at 0.5% of the amount.
The municipal property transfer tax applies to sales of real estate and is payable by the purchaser at 10% on urban properties and 8% otherwise. There are a number of exemptions, including urban residential properties below certain threshhold values, and the acquisition of land for residential construction.