Latest news and stories about tax relief in property in Portugal for expats and residents.
The Portuguese government's new decree-law introducing a 6% VAT rate on construction and rehabilitation is analyzed as a potentially ineffective measure that fails to address the structural causes of the national housing crisis.
The Portuguese government's new tax package introduces a reduction in the autonomous IRS rate from 25% to 10% for rents up to 2,300 euros, potentially offering landlords significant annual tax relief.
Jorge Silva, head of the Order of Notaries, analyses some of the benefits included in the “tax relief package to boost housing supply” which is expected to be published in the Diário da República in the coming days.
Portugal’s infrastructure and housing minister, Miguel Pinto Luz, said on Thursday that 100,000 “non-wealthy” young people have bought homes over the past 18 months, following government exemptions on property transfer The post Tax relief helps 100,000 young people onto property ladder – minister appeared first on Portugal Resident.
The President of the Republic, António José Seguro, enacted the Government's tax relief package today, aiming to encourage housing supply.
Government measures include a reduction in VAT from 23% to 6% for the construction of properties intended for sale or lease as permanent housing
The information was released on the official website of the Presidency of the Republic.
The President of the Republic has promulgated the Government's decree authorizing the approval of tax relief measures to boost housing supply, including a 6% VAT rate on construction.
The President did not use the full time allowed for his decision and signed several tax reduction measures with which the Government intends to increase supply in the housing market, including the reduction of VAT on construction and tax benefits for rents up to 2300 euros.
The proposal was approved at the executive meeting to open a 30-day public consultation period for any contributions.
