IMT rises 42.6% until April, yielding 734.9 ME in four months

Revenue from the Municipal Tax on Onerous Transfers (IMT) reached 734.9 million euros in the first four months of the year, registering an increase of 42.6% compared to the amount collected up to April 2024.

Budget execution data up to April show that revenue from this tax has seen year-on-year increases every month, generating almost 220 million euros more in the first four months of the year than in the same period last year.

IMT is levied on the purchase and sale of real estate, regardless of whether it is new or used. It is also due when there is an exchange of property, granting of usufruct or transfer of the buyer's contractual position or in divisions and divisions.

According to budget execution data, the IMT (which is revenue for local authorities) generated 209.9 million euros in revenue in January, a figure that rose to 374.2 million euros by February. By the end of March, the accumulated value for the year had already reached 568.1 million euros, rising to almost 735 million euros by April.

The evolution of values ​​reflects year-on-year increases always in the double digits, with the exception of March when the increase compared to the same month in 2024 was 5.5%.

This behavior contrasts with that seen in the previous two years, in which the year-on-year increases observed monthly were often negative, and it is necessary to go back to the 2022 budget execution to find year-on-year 'jumps' in revenue similar (and even higher) to those observed up to April.

This increase occurs in a context in which young people up to the age of 35 began to benefit from paying this tax when purchasing their first home, with the measure only coming into force in August 2024 – which means that homes purchased by young people up until April last year still paid IMT.

The increase in IMT is explained by the increase in the number of property transactions and the price at which these properties are being sold, since this tax is calculated on the amount of the transaction or the taxable property value (VPT) of the property, whichever is higher.

When it comes to purchasing a house intended for permanent residence, there is an exemption from tax up to a certain amount, which in 2025 is set at 104,261 euros.

Young people up to the age of 35 benefit from a total exemption for properties worth up to 324,058 euros and a partial exemption between this value and 648,022 euros (part to which the 8% rate applies), when they meet certain requirements, namely if they are buying their first permanent home.

Revenue from the Municipal Tax on Onerous Transfers (IMT) reached 734.9 million euros in the first four months of the year, registering an increase of 42.6% compared to the amount collected up to April 2024.

Budget execution data up to April show that revenue from this tax has seen year-on-year increases every month, generating almost 220 million euros more in the first four months of the year than in the same period last year.

IMT is levied on the purchase and sale of real estate, regardless of whether it is new or used. It is also due when there is an exchange of property, granting of usufruct or transfer of the buyer's contractual position or in divisions and divisions.

According to budget execution data, the IMT (which is revenue for local authorities) generated 209.9 million euros in revenue in January, a figure that rose to 374.2 million euros by February. By the end of March, the accumulated value for the year had already reached 568.1 million euros, rising to almost 735 million euros by April.

The evolution of values ​​reflects year-on-year increases always in the double digits, with the exception of March when the increase compared to the same month in 2024 was 5.5%.

This behavior contrasts with that seen in the previous two years, in which the year-on-year increases observed monthly were often negative, and it is necessary to go back to the 2022 budget execution to find year-on-year 'jumps' in revenue similar (and even higher) to those observed up to April.

This increase occurs in a context in which young people up to the age of 35 began to benefit from paying this tax when purchasing their first home, with the measure only coming into force in August 2024 – which means that homes purchased by young people up until April last year still paid IMT.

The increase in IMT is explained by the increase in the number of property transactions and the price at which these properties are being sold, since this tax is calculated on the amount of the transaction or the taxable property value (VPT) of the property, whichever is higher.

When it comes to purchasing a house intended for permanent residence, there is an exemption from tax up to a certain amount, which in 2025 is set at 104,261 euros.

Young people up to the age of 35 benefit from a total exemption for properties worth up to 324,058 euros and a partial exemption between this value and 648,022 euros (part to which the 8% rate applies), when they meet certain requirements, namely if they are buying their first permanent home.

Revenue from the Municipal Tax on Onerous Transfers (IMT) reached 734.9 million euros in the first four months of the year, registering an increase of 42.6% compared to the amount collected up to April 2024.

Budget execution data up to April show that revenue from this tax has seen year-on-year increases every month, generating almost 220 million euros more in the first four months of the year than in the same period last year.

IMT is levied on the purchase and sale of real estate, regardless of whether it is new or used. It is also due when there is an exchange of property, granting of usufruct or transfer of the buyer's contractual position or in divisions and divisions.

According to budget execution data, the IMT (which is revenue for local authorities) generated 209.9 million euros in revenue in January, a figure that rose to 374.2 million euros by February. By the end of March, the accumulated value for the year had already reached 568.1 million euros, rising to almost 735 million euros by April.

The evolution of values ​​reflects year-on-year increases always in the double digits, with the exception of March when the increase compared to the same month in 2024 was 5.5%.

This behavior contrasts with that seen in the previous two years, in which the year-on-year increases observed monthly were often negative, and it is necessary to go back to the 2022 budget execution to find year-on-year 'jumps' in revenue similar (and even higher) to those observed up to April.

This increase occurs in a context in which young people up to the age of 35 began to benefit from paying this tax when purchasing their first home, with the measure only coming into force in August 2024 – which means that homes purchased by young people up until April last year still paid IMT.

The increase in IMT is explained by the increase in the number of property transactions and the price at which these properties are being sold, since this tax is calculated on the amount of the transaction or the taxable property value (VPT) of the property, whichever is higher.

When it comes to purchasing a house intended for permanent residence, there is an exemption from tax up to a certain amount, which in 2025 is set at 104,261 euros.

Young people up to the age of 35 benefit from a total exemption for properties worth up to 324,058 euros and a partial exemption between this value and 648,022 euros (part to which the 8% rate applies), when they meet certain requirements, namely if they are buying their first permanent home.