AIMI started to be applied in 2017 to replace Stamp Duty and taxes, to individuals and companies, with real estate above one million euros. Now, according to a report by ECO, the PS party wants to extend the application of this tax to owners with vacant properties, regardless of the value of the property.
This is one of the amendments presented by the largest parliamentary group to the Mais Habitação package proposed by the Government, with the socialists also submitting several changes to the measures initially envisaged for coercive leasing.
After the controversy generated by the coercive lease – with the President of the Republic doubting the constitutionality of the measure – the PS parliamentary group now says that, despite maintaining the “availability to continue discussing” the subject, the Government’s proposal will be changed for this “tool” to be used on an “exceptional and supplementary basis”.
In addition, municipalities that decide not to resort to coercive leasing will be able to “continue to trigger increased IMI rates for vacant buildings”. This change goes against the intention of the Prime Minister.
Russians and Belarusians excluded from golden visas
Another of the proposals submitted by PS deputies concerns an amendment to golden visas. Despite putting an end to this regime through real estate investment, the possibility of granting this visa remains “for the purposes of business investment with the creation of jobs or investment in culture and scientific research”.
However, the socialists aim to introduce a rule to completely exclude people from third countries that are subject to sanctions from the European Union from gold visas, that is, immediately, Russians and Belarusians.
To date, the Foreigners and Borders Service (SEF) has not yet received any order or regulation from the Government to legally support the suspension of golden visas for citizens from Russia and Belarus.
More nasty politics of envy from the Socialists. Property rights are human rights. We shouldn't need to justify what we do with our savings to the government. People are free to spend or invest as they like. If someone chooses to buy a property for it to sit empty, that is their choice, and no-one should be interfering in this. Don't forget that IMI is die each year, so there will be an annual tax already paid on an empty property. The Socialist mentality is to pull everyone down to the lowest level.
By Billy Bissett from Porto on 21 Jun 2023, 11:45
Another good initiative to incentivise habitation. Should help repopulate areas desperate for people, but to be effective we need job creation too!
By Russell Taylor from Other on 22 Jun 2023, 04:45
In the 1930's it was Jude's.
Now it's Russians.
By Per Einar Svendsen from Lisbon on 22 Jun 2023, 06:20
I recall that there were three levels of AIMI, based on cumulative valor patrimonial:
0.7% of the VP for an estate worth between 600.000 and 1.000.000 euros,
1% for property VPs between one million and two million euros and 1.5% for over 2.000.000.
So what’s the rate for the new tax and at what VP level does it start?
By Paul Rees from Lisbon on 22 Jun 2023, 17:42
Try reducing the tax on rental income. See if that increases supply.. ..I know, sacrilege.
By Marco from Lisbon on 23 Jun 2023, 10:36