“This 2023 budget will be, for us, the opportunity to fulfill an electoral promise that has to do with the granting of an exemption for people under 35 years old who want to buy a house for up to €250,000”, said the vice-mayor of Lisbon, Filipe Anacoreta Correia (CDS-PP), in the presentation of the Lisbon municipal budget proposal for next year, which took place in the City Hall.
Anacoreta Correia said that the measure allows young people up to 35 years of age a maximum benefit of €8,322, granted as an exemption from the Tax on Property Transfers (IMT), indicating that “about 35% of real estate operations in Lisbon are carried out by those under 35 years old”, according to data obtained after consulting financial institutions.
“And we had confirmation from the Tax Authority that, among these operations, those that are transaction, of home acquisition, about 45% have a value equal to or less than €250,000”, revealed the vice president.
There should be no tax on the purchase of housing full stop.
Nobody but greedy Socialists would think to punish people for making investments.
By Quentin Ferreira from Lisbon on 16 Nov 2022, 13:30
Lol, there's like 3 houses available on the market at these prices. Ridiculous policy
By Miguel from Lisbon on 16 Nov 2022, 18:04
This is only for Lisbon or it includes houses from Odivelas, Amadora?
By Farzana from Lisbon on 17 Nov 2022, 05:37
How many young folks have enough for an deposit on a home first...Are you teasing them with ARM mortgages like you did in the past and folks lost their homes...Get Real...
By Sakamoto Suarez from Lisbon on 17 Nov 2022, 12:04