In the 2024 State Budget proposal (OE2024), the various levels for IMT purposes are updated by approximately 5%, with the exemption threshold (for the acquisition of own and permanent housing) increasing to €101,917.
The Municipal IMT includes several value categories that are subject to different rates when ownership is exchanged – for example, by purchase, exchange or inheritance.
Therefore, the first step limit (at which the exemption applies or a 1% rate applies depending on whether it is a permanent home or a second home) increases from the current €97,064 to almost €102 thousand per year. January.
At the following levels, the limits on the application of the relevant rates also increase: to 149,412 in the second (where the marginal rate is 2%), to 190,086 in the third (the marginal rate of 5%), to 316,772 euros in the fourth (the marginal rate of 7%) and to 633,453 euros, in the fifth (cap rate 8%).
The IMT also includes the application of a flat rate of 6% for properties whose value ranges from €633,453 to €1,102,920, and 7.5% when it exceeds €1,102,920 (values valid from January 2024 with entry into force OE).
BMI levels were updated in 2011 and remained frozen until 2022, the year they began to be updated again.
Author: Lusa
Source: CM Jornal
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