Residential buildings held by the banks pay new IMI – Cash

The real estate held by banks and who have passed into his possession in the following cases of non-compliance credit will pay the Additional fee to the IMI when they are intended to housing. The saved of the new tax are, however, all who are licensed to trade, services, industry or tourism.

The financial sector had expressed concern about the impact of the new tax, when it was known to its original version (with the presentation of the proposal of the State Budget to 2017), because, with that costume, risked to be one of the largest payers of a making -. The changes that had in the meantime been presented by the parties during the discussion in specialty of the OE to reduce the impact of the tax on the financial sector, but not eliminate.

The banks have thousands of properties which were delivered them by mendations in payment and foreclosures and also have holdings in investment funds. Added to this even those who hold to the development of their activity. With the proposed change to a making-which will be poured in the law of the OE, the latter group will be excluded from the new tax. Among the properties that receive because of the loan in case of default, will have the exemption that they are licensed to an economic activity, but not the housing.

The initial model of a making-provided only exemption of this tax for the property affected to the tourism, agricultural, or licensed to industry. All the remaining activities (including offices, warehouses, supermarkets or hospitals, the worst example) were subject to a making-supporting a fee of 0.3% on the part of the equity value that exceeded the 600 thousand euros.

Landlords protest

But all of this initial architecture will be changed. To companies will, thus, be created at a rate of 0.4% for all residential properties (who do not benefit from any exclusion) while the remaining will be exempt. On the side of the particular, the proposal of the PS provides for a rate of 0.7% for the portion of the overall value of the property that exceeds 600 thousand euros , and 1% for the portion that is in addition to one million euros. This value is multiplied by two in couples, and states of facts.
The change took her yesterday to the Association of owners Lisbonense the alert that the estate taxes will suffer a worsening "that can vary between 300% and 433%".

"The Government gives in to the lobby of the large economic groups and launches offensive tax without precedents against the landowners and the middle class, and increase the 'tax Mortágua'", accused, in a statement, the ALP.

couples with community property can deliver, through the Portal of Finance, a joint declaration and to identify the properties that are own goods of each of the elements and those that are common to the couple. This declaration may be submitted between April 1 and may 31. In his absence, a making-focus on the sum of the values of the buildings that already was in the c array as being of each one.

Another change that PS offers to a making-it is the application of a rate compounded of 7.5% is imposed on the immovable property of companies registered in tax havens. This is similar to the Stamp duty on luxury high-rises, that the new tax comes to replace.

Despite the long period of negotiations, the changes in a making-gave, still , rise to the two proposals – one from HP the other from the PCP – who advocate schemes of progressiveness different. Confronted with this situation, the secretary of State for Fiscal Affairs stated that the proposal of the PS translates the essential developments that it was possible to reach, and "the progressivity that we understand to be enough."

retention Tables do not change in 2017

The changes to the surcharge the IRS will not involve new tables of withholding in 2017. Companies and public services and the entities that pay pension charges apply which are to use this year, but will have to pay attention to the yield value of each employee/pensioner to know the moment in which they stopped to do this discount.

In question are the workers and retirees whose income tax annual oscillates between 20.261 and the 40.522 euros, which are no longer withholding in July 2017. Already those who receive above 40.522 euros collectable annual will continue to pay the surcharge until November.

This new timing of the surcharge differs from the initial proposal of the OE, especially with regard to taxpayers who are in the 4th income bracket: rather than fail to do the retention in September, they are only free in December because the surcharge will, after all, be 2.75% instead of 2.25%. The 2nd tier stops paying in January.