Notaries warn of long-term impact of inheritance property reform

The Order of Notaries (Ordem dos Notários) warns that the government's proposal to unlock the sale of properties from undivided inheritances will not provide an immediate solution to the housing crisis. Head of the order, Jorge Batista da Silva, argues the measure may take up to 20 years to show significant impact and could increase legal disputes. Meanwhile, notaries have also called for the Tax and Customs Authority (Autoridade Tributária e Aduaneira or AT) to refund the property transfer tax (Imposto Municipal sobre as Transmissões Onerosas de Imóveis or IMT) to young people previously excluded from exemptions due to inheritance shares.