IMI

Landlords who join the affordable income scheme will have tax exemption

Homeowners who sign up for the new affordable rents scheme will have tax exemption and reduced IMI. The measure, approved Wednesday, addresses the middle class. Homeowners who join the affordable lease program and make permanent, lower-income housing contracts will benefit from a tax exemption and a 50% reduction in Real Estate Tax (IMI), which can even total exemption. These are two of the novelties...

Lisbon, Cascais and Sintra are the municipalities that most fit IMI

he number of municipalities in tax revenues increased last year to 2.9 billion euros. The Lisbon City Council is among the municipalities that made the most revenue last year with tax collection. Only the municipal real estate tax (IMI) accounted for 114 million euros, according to news on Tuesday the Correio da Manhã. In comparison with 2006, the tax revenues of municipalities rose 19.8%. This means...

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