Taxation

Anyone who owns a house, or simply a tenant, can follow here the various subjects related to taxation related to the real estate area.

 
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For this, it will be mandatory that the deed document contains the payment method used to pay for the property (mentioning the bank account numbers / checks), and these data will have to be verified and certified by the respective notary.

This proposal, which has just been submitted to the assembly of the republic, will be debated in parliament and subject to a subsequent vote.

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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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Among the well-known municipalities are Porto, Covilhã, Lisbon, Cascais, Sintra and Almada. In other words, if you own a house in ruins, or because you have been living for more than a year, you will have to pay the increased IMI tax, the value of which will be three times what you would normally pay.

In addition to this penalty that triples the value of IMI, there is yet another clause...

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Changing the tax address, which previously could be done in a simple way through the citizen's portal, is a process that is now more difficult and directly related to the change of address of the citizen card.

Why change the tax address?

Firstly, under the terms of the law, it is mandatory to notify the taxpayer's tax address to the tax administration. In case of non-compliance...

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The increase in the weight of this coefficient in the formula in the calculation of the VPT (Asset Value of a House), which used to be 5% and has now gone to 20%, will affect the valuations of new houses or requests for revaluation of old ones, causing the Municipal Property Tax (IMI) goes up, for houses that have greater exposure to the Sun and / or that benefit from...

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The new legislative package has an impact on several areas, among which I am interested in describing those that concern the real estate sector and which, according to Graça Fonseca, the program coordinator, are to be implemented within a maximum period of 1 year.

With regard to the real estate sector, the measures presented will have an impact on construction, real estate promotion and...

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