ALP urges end exemption for parties of real estate – Observer

The Lisbonense Owners Association (ALP) defended this Monday, the end of the exemption from Municipal Property Tax (IMI) and other taxes on the real estate assets of political parties demanding “greater and effective tax justice.”

in a statement, the representative structure of urban owners states that “a few weeks of the submission of the State Budget for 2017 was announced that the Government is preparing to introduce a new tax on total assets”, requiring political parties with parliamentary seats clarify its position.

“it is essential that the political parties in Parliament and, above all, those who support the government clarify to effectively argue for greater tax justice, or if this is an empty jargon they use in inconsequential political statements to justify successive and unaffordable tax increases on private property and on the middle class, who have been practicing, “states the document.

the ALP recalls that in early August, the government indicated its intention to increase “brutally the tax burden of IMI, quadrupling the location and operational factors relating” that will serve to increase the tax book value of the property and therefore the value tax revenue.

“in an attack on the middle class, which was forced to acquire real estate for permanent housing due to the freezing of a rental market century, the Government argued that the change was intended only aim to introduce greater fiscal justice, “adds the association.

according to APL, this weekend the weekly Expresso revealed that there are 30.2 million euros of real estate assets held by political parties that is exempt IMI (and IMT), the tax benefit laid down in Article 10 of the Political Parties Financing Law (Law 19/2003 of 20 June), which also exempt from stamp duty and any future tax assets .

“the ALP rejects this deeply discriminatory law that middle-class taxes used to finance tax breaks for large real estate owners parties, who do not shy away from continuing to increase that tax exempt” he said.

according to the data revealed by the weekly Expresso and today revealed by the association, the three parties that support the government are holders of more than 23 million of real estate.

According to APL are these same parties that now have in your hands “the responsibility to act in accordance with its policy statements, ending the scandalous exemptions that benefit and spending to ensure all its tax obligations with regard to real estate, both in IMI headquarters, as IMT, stamp duty, and future in the headquarters of the Global tax Heritage spoken that will enter in the State Budget 2017 “.