Home loan restructuring transactions to extend the term or refinance debt should be exempt from stamp duty. This measure, which is an initiative of the PS parliamentary group, is part of a set of proposed amendments to the State Budget (GB) for 2023.
The goal is for the aforementioned tax benefit to apply to tax events that occurred between November 1, 2022 and December 31, 2023. Thus, it applies to this type of transaction – extending the loan term or refinancing debt through a new agreement. and credit.
This measure joins a loan review package recently approved by the Council of Ministers to counter the impact of the current context of rapidly rising interest rates on household effort levels, which will remain in place until the end. next year.
The finance minister, who was in parliament this Friday as part of the discussion of the OE proposal, acknowledged that interest rates should rise even more next year, reaching their highest level in several years, which is “a challenge that the state requires banks, families and companies to the new monetary policy context in which we will have to live,” said Fernando Medina.
Author: Joao Maltez as well as Lusa
Source: CM Jornal
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