Government exacerbates additional to the IMI supported by private – Jornal de Negócios – Portugal

The new addition to the IMI will only focus on buildings or housing estates and about the land for construction, leaving out all and any real estate assets that is allocated to other activities. The counterpart is that, in the case of the buildings housing the tax will rates worsened compared to the initial release.

Therefore, one particular that has a heritage housing high will pay additional of IMI on the amount that exceeds 600 thousand euros of taxable value. However, instead of paying the 0.3% on the excess, as was expected, the final version of the proposal of the State Budget for 2017, will include two rates.

Who have a VPT global between 600 thousand and one million euros, will pay a fee of 0.7% on the amount that exceeds 600 thousand euros . Who already have a VPT above one million euros, paid 0.7% between 600 thousand and a million, and 1% to the value that exceeds one million euros of VPT, the second said this Friday, the socialist mp João Paulo Correia, during a press conference to present the proposals for amendment to the State Budget for 2017.

These amounts are for singles. In the case of married persons, the threshold for exemption is of € 1.2 million, as was expected.

Corporations pay about 100%

The companies who are the owners of residential properties (and only these) will also pay a making -, but about the totality of the asset value, without applying the exemption base of 600 thousand euros.

The rate, however, will be lower than that applicable to private individuals – will be 0.4%, according to the parliamentary group of PS.

The proposed amendment to the Budget of the State maintain the intent of allowing the owners of buildings leased that deduzam to tax the value of a making -. In this case, the owners (whether individuals or companies) will have to advance the money to the State the title of heritage tax, but may recover it later, on the occasion of the settlement of the IRS or the IRC.

Such as had already been admitted by the secretary of State for Fiscal Affairs, will be reintroduced to the ratio which is compounded of 7.5% on real estate held by companies based in offshores included in the black list, a gesture more symbolic than revenue generator, as the ruler acknowledged.