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        Property Tax

         Property tax exemptions for young people drive mortgage demand in Portugal
        0
        By Christopher Graeme
        In News, Property, Property Tax, Real Estate, Youth Tax
        Posted 17 Outubro, 2024

        Property tax exemptions for young people drive mortgage demand in Portugal

        There has been an increased demand for mortgages from young people aged 35 and under following the government’s decision to exempt this age group from paying property taxes. According to a [...]

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         Government mulls IRS exemption on capital gains from house sales
        0
        By Christopher Graeme
        In Capital Gains, News, Property, Property Tax
        Posted 14 Junho, 2024

        Government mulls IRS exemption on capital gains from house sales

        Portugal’s centre-right coalition government led by Prime Minister Luís Montenegro is mulling an IRS tax exemption on capital gains from house sales from this year. According to Jornal de [...]

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         Tax on construction remains at €665/m2
        0
        By Christopher Graeme
        In Development, News, Original, Property Tax
        Posted 26 Janeiro, 2024

        Tax on construction remains at €665/m2

        The IMI property tax on builders and developers for urban construction will remain set at €665/m2 in 2024. Under the terms of decree No16/2024 published today (Friday, Jan, 26) the average [...]

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         Property tax to fall for 1/4 of the population
        0
        By Christopher Graeme
        In News, Property Tax
        Posted 5 Janeiro, 2024

        Property tax to fall for 1/4 of the population

        Almost one in five local authorities or 194 councils will reduce their property tax in 2024 according to Jornal de Negócios. In practice, it means that more councils will opt to make a minimum [...]

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         Property tax up 6.75% on housing and 9% on services, trade and industry
        0
        By Christopher Graeme
        In News, Property, Property Tax
        Posted 10 Novembro, 2023

        Property tax up 6.75% on housing and 9% on services, trade and industry

        Portugal’s municipal property tax IMI is to increase by 6.75% next year on apartment buildings that are subject to Tax on Patrimony (Valor Patrimonial Tributário – VPT) charged by the tax [...]

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         Portuguese taxes are strangling aspirations and growth says party leader
        0
        By Christopher Graeme
        In Associations, News, Property, Property Tax, State debt, Tax
        Posted 28 Maio, 2023

        Portuguese taxes are strangling aspirations and growth says party leader

        The leader of Portugal’s centre-right CDS party Nuno Mello has a lot on his plate to resurrect the fortunes of his party of 50,000 party members. He has the populist far right party Chega nipping [...]

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         Higher IMI property tax for guest house apartments
        0
        By Christopher Graeme
        In AI, News, Property, Property Tax
        Posted 17 Março, 2023

        Higher IMI property tax for guest house apartments

        The Portuguese Government says that it will only raise IMI property tax on self-catering apartments used for tourists. But it may eventually mean that if just one apartment in a building with [...]

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         Property tax nets €144M in 2021
        0
        By Christopher Graeme
        In News, Original, Property Tax, TAP
        Posted 20 Janeiro, 2023

        Property tax nets €144M in 2021

        The extraordinary surcharge on Portugal’s property tax AIMI ( Additional Municipal Property Tax) brought municipal councils in around €144 million in 2021. The tax covered the greatest number of [...]

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