Here I will write about matters related to the Portuguese State, legislation and other topics of interest to homeowners, landlords, tenants, real estate agents and consultants.
This is related to the ruling issued by the Supreme Court of Justice (STJ), reported today, which cancels the possibility of coexisting, in the same building, permanent and temporary housing . In other words, the Local Lease no longer has a legal framework that supports it, if the property targeted by the AL License does not provide for its use for tourist purposes.
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Municipal Property Tax (IMI) will get more expensive in 2022 for newly built or rehabilitated homes. After three years without moving, the rate should increase by around 4% for these cases, and all because of the recent escalation in construction costs, which led the Government to update one of the coefficients that serve as the basis for calculating the tax. .
Since 2019, the value of...
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In 2021, property owners will pay less IMI (municipal property tax) in 84 municipalities in the country. According to the legislation that governs this tax, which reverts to the municipal coffers, each municipality has the autonomy to choose which rates to apply, within certain limits. In the case of a home for own housing, the rate can vary between 0.3% (minimum rate) and 0.5% (maximum rate...
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Luís Lima, the president of APEMIP , came to resume agreement with the confinement measures decided by the Government, in the context of the State of Emergency and the current pandemic, with a view to stop the contagion of the virus and protect the health and life of the Portuguese.
However, he recalled that access to housing is an essential right of citizens...
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We live in a cosmopolitan society, in which interdependent relationships prevent everyone from staying at home, while the pandemic of this coronavirus , COVID-19 , spreads and leaves a trail of death, worldwide. That is why some professionals have not abandoned their jobs in the areas of healthcare, science and research, defense and security, logistics and...
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My experience in this area has allowed me, however, to see that the activity of real estate brokerage suffers from a serious gap that has affected both professionals and clients, who need to use a mediator to buy or sell their property.
Although the activity of real estate mediation companies has been a regulated activity since 1992 and at present it requires the...
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Until October 2019, consultation of a property register was shrouded in confidentiality and only accessible to the owner(s) of the respective properties. This privacy rule still remains unchanged, however, an exception was introduced for lawyers and solicitors. These professionals now have the possibility of accessing this information whenever they are dealing with...
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So, here are the main tax changes for the current budget:
Additional to the Municipal Property Tax (AIMI)The big news, also known as "Mortágua Tax", due to the way it was announced, this new tax is not really a new tax as it replaces, according to new models, the previous stamp duty additional to IMI, in force since 2014 ( 1% for VPT greater than 1 million euros)....
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