Property Tax

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]