Good sun exposure and terrace can aggravate IMI – Overview

AFP

The ordinance n.º41 / 2016 published on Tuesday, introducing an amendment to the Municipal tax Code Real Estate (IMI), the coefficient ‘location and operational on’, one of the elements influencing (increasing or decreasing) the coefficient of quality and comfort, which is taken into account in the calculation of taxable value, based on which the rate of IMI is applied.

the law now states that the coefficient of ‘location and operation related’ can be increased up to 20%, or decreased by 10% if factors such as sun exposure, the floor or the environmental quality are considered positive or negative.

So if a property has a good sun exposure (south orientation) or a higher floor or have a ‘special area’ as a terrace, the ratio could rise to 20%.

Conversely, if the property receive little natural light (orientation north) and have a detrimental environmental quality ( as air pollution, noise or other) or negative visual elements (such as a treatment plant or a cemetery), the coefficient may decrease up to 10%.

So far, the IMI code provided that the coefficient of ‘location and relative operation ‘had a maximum weight of 5% – meaning that these elements could increase or decrease the ratio to this value

the decree enters into force today, August 2, but. he explained to Lusa the fiscalist Ricardo Reis, from Deloitte, this increase (or decrease) in IMI will only occur when the building is evaluated.

“it will not happen now an evaluation of all the buildings. When a building is evaluated, as the table moved and changed coefficients, the new coefficients will be applied and this will have an impact on the final IMI to pay, “he said.

Still, the expert said that the increase or mitigation of the coefficient will be “subjective”, since it is dependent on the “assessor” at the time of evaluation.

“He will graduate the function elements of the intensity of this factor,” said Ricardo Reis.

According to remind the Ministry of Finance decree-law published today, the state budget for 2016 (OE2016) provided for the possibility of proceeding “to a set of tax changes by decree route “.

the protection explains that this change to the IMI was due to the need to” match the quality coefficients and comfort of the location and operability on the buildings for housing to those used in commercial buildings, industry and services “.