The beneficiaries of this measure are young people up to 35 years old who do not own their own home or who have not owned one in the last three years, as long as they are acquiring their first home for permanent residence.

If, for example, they already own a property or a fraction of it, the exemption is no longer valid. In the case of a couple, if only one of the members meets the requirements, the exemption will be granted only on the part of the property corresponding to the eligible beneficiary.
What about income?

To access the benefit, the buyer must have their own income and declare it on their Income Tax, that is, they cannot be a dependent. However, the exemption is not conditional on the value of this income, as the measure does not consider the buyer's financial capacity.

Instead, the Government set limits based on property value. Therefore, only house purchases up to 316,772 euros are completely exempt from IMT, corresponding to the 4th bracket of this tax. For properties between R$316,772 and R$633,453, the exemption is only valid up to the value of R$316,772, with ITBI being charged on the excess value. For properties above R$633,453, there is no exemption.
How to get the benefit?

At the time of purchase, when filling out the IMT Model 1 declaration, simply mark that you meet the requirements for exemption. If there are two buyers, each must complete their own declaration. The computerized system will automatically process the benefit.

In addition to the ITBI exemption, beneficiaries are also exempt from IOF and registration fees, charges paid at the time of the deed and mortgage, if there is real estate financing.
Conditions and exceptions

The exemption remains as long as the property remains the buyer's permanent home for the next six years. Otherwise, the benefit will be revoked and the tax must be paid to the Tax Authorities.

However, there are exceptions. The exemption is not lost in the following cases:

 Sale of property.
 Changes in the household, such as the birth of a child or a divorce.
 Moving the workplace to a distance greater than 100 kilometers.

In these cases, the owner may stop living in the property, but cannot leave it unoccupied. The house must continue to be used for residential purposes, for example through rental.

Before choosing your dream address, find out which mortgage is right for you
Before you decide on the perfect home, it’s a good idea to understand which mortgage is best suited to your situation. This anticipation helps manage expectations and avoid surprises throughout the process.

The advantages of starting with real estate credit
If you haven't yet chosen a home, getting a mortgage pre-approval can be a valuable strategy. Based on your financial situation and credit profile, the financial institution can indicate the maximum amount you are willing to borrow.

By taking this step in advance, you benefit from several advantages:

- More time to choose a house: With pre-approval of credit, you can look for a house with greater peace of mind, knowing exactly how much you can invest.

- Greater bargaining power: Having financing secured puts you in an advantageous position to act quickly and present a more competitive offer.

- Access to the best conditions: With time to compare proposals, you can find the best credit conditions for you.

Looking for the best mortgage loan before choosing a home can be a smart decision, as long as it is done in an informed and strategic way. With the right planning, this can be the first step towards realizing your dream of owning your own home.

Count on the help of our bank credit intermediation partner, at no cost to you! We accompany you throughout the entire process, from the search for the house to the moment you receive the keys in your hand.
Talk to us and find out how much you can save — with no travel and no associated costs!

February 4, 2025