Local residential owners who list their property on the rental housing market will have no income cap as they will receive full exemption from property income taxation until the end of 2030.
The measure is intended to encourage an increase in the supply of housing, but there is no commitment to limit the cost of rent so that owners can take advantage of this tax exemption, which could exacerbate price increases, the newspaper reported this Saturday. Public.
If the property was registered as a local occupancy business prior to December 31, 2022, and transferred to the rental market prior to December 31, 2034, owners will be eligible for full IRS headquarters property income tax exemption.
According to the paper, documents provided by the government do not suggest that the rent on this property is subject to a cap to take advantage of this tax exemption.
In accordance with PublicPrime Minister António Costa said that “the zero rate for those who decide to transfer their property from local housing to rental housing is temporary, only until 2030, to temporarily compensate for the drop in income resulting from the transfer of property from a more profitable home. activities for less profitable activities. This is a temporary, transitional measure and only until 2030. affordable lease regime.
The measure was presented this week by the Government, but the legislative package is not yet final as there is no public discussion. The final version will be approved only on March 16 in the Council of Ministers, and tax changes must be discussed and approved in Parliament.
There are currently 109,580 registered accommodations across the country.
Author: morning Post
Source: CM Jornal
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