08 Monday Jan 2018
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The average cost per square metre for construction has been determined to be is €482.40 in 2018. This is the value to be used when calculating the area coefficient as part of the annual assessment of “IMI” (Municipal Property Tax).
31 Tuesday Oct 2017
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capital gains, construction, nhr, portugal, positive, real estate, revenue, vat
Despite millions in tax concessions, the overall impact on tax revenues from Non-Habitual Residents has proven to be propitious for Portugal, due to total taxable income generated, such as capital gains, rates, VAT, etc. Simultaneously, there is also a significantly healthy impact on local economies arising from new construction, urban rehabilitation and real estate transactions.
16 Monday Jan 2017
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2017, construction, IMI, value, vpt
The reference value for determining the construction value of a building for the purposes of “IMI” (Municipal Property Tax) remains unchanged at €603 in 2017. Since 2010, the base value of the buildings has not changed.
