Worldway Lisbon News: According to Portuguese media reports, many cities in Portugal have introduced preferential policies for property taxes, with specific standards varying by region. However, according to the latest news published in the Diário da República on September 4, 2015, the IMT (Property Transfer Tax) is expected to be reduced by one-third in 2017. Undoubtedly, this is a significant benefit for those planning to purchase property in Portugal.
【Portugal Property Transfer Tax Offers Preferential Rates】
The report also stated that although the topic of reducing the IMT has been mentioned countless times, no official decree has been implemented; it is hoped that this schedule can be realized as planned. According to the latest legal provisions of Law No. 132/2015, the schedule for reducing the IMT is as follows: in 2017, the IMT property transfer tax rate will be reduced by one-third; in 2018, the IMT property transfer tax rate will be reduced by two-thirds.
【Latest Golden Residence Data as of September 30, 2015】
In general, provided that the existing laws remain unchanged and take effect as scheduled, the cost for owners to purchase property in Portugal will be significantly reduced in 2017. This is a major benefit for Chinese investors pursuing real estate investment immigration in Portugal. Looking at the recently released Golden Residence data, as of the latest Golden Residence Permit approval data on September 30, 2015, a total of 2,502 investors have been approved, with a total investment amount of 1.517 billion euros, of which 1.37 billion euros was invested in real estate projects. Such data indicates that over 95% of investors complete their Golden Residence Permit applications through real estate investment, i.e., real estate investment immigration. Therefore, the preferential policy for Portugal's property transfer tax is a benefit for these real estate investment immigrants.
As the first immigration agency in China to introduce "Portugal Golden Residence" real estate investment immigration, Worldway is the only Chinese immigration agency to have established an independent branch in Portugal. It has successfully assisted hundreds of Chinese investors in completing their investments in Portugal and obtaining their Golden Residence cards. Its Portuguese branch is located on the prosperous Avenida da Liberdade in the center of Lisbon, making it the preferred legal immigration agency for investment immigrants. For details, please call 400-138-2929