PR distributes certificates of income support and BMI tax exemption for young people

The President of the Republic today promulgated a decree-law on income support and a parliamentary decree that exempts the purchase of a house by young people under 35 years of age from IMT and stamp duty.

These decisions of the head of state, Marcelo Rebelo de Sousa, were published in the form of two notes on the official website of the President of the Republic on the Internet, without comments on the diplomas.

“The President of the Republic promulgated a decree of the Assembly of the Republic which authorizes the government to exempt from municipal transfer tax and stamp duty the purchase of own and permanent homes by young people under the age of 35 through amendments to the Municipal Transfer Tax Code and the Stamp Tax Code.” , says one of the notes.

Another note reports that “The President of the Republic promulgated a government decree amending Decree-Law No. 20-B/2023 of March 22, which creates emergency support to support families in paying rent and providing loans.” contracts and cancels the extension of the compulsory tenancy regime to empty houses.”

The Housing Decree-Law was approved by the Council of Ministers on May 27 and, according to a statement issued following that meeting, “abolishes the forced or compulsory tenancy regime applicable to housing considered vacant” and “amends legislation that creates exceptional support for families to pay rent and enter into loan agreements.”

“With regard to emergency rental support, this regime applies to tenants with existing leases whose new leases have the same subject matter and the same parts as leases entered into before March 15, 2023,” the same statement reads. statement.

The resolution of the Assembly of the Republic on the acquisition by young people of their own permanent home, covering persons under 35 years of age, resulting from a government law proposal, was approved last Wednesday.