Reduction of the portuguese property tax IMI
Written by Offshore Property on 2009/01/04 – 10:59 PM
Due to the portuguese law Nº 64/2008 (12-5-2008) the IMI of the top end has been reduced by 0,1%.
Before that change it was 0,8% and is now 0,7% for properties that have NOT been valued by the financial department. Properties that have been valued are now taxed at 0,4% instead of 0,5% annually.
Source: APEMIP
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