Housing
IMT exemption for young people remains if a couple moves house due to the birth of a child
The Tax Authority (AT) clarified in a binding ruling that young couples under 35 can keep their IMT and Stamp Duty (Imposto de Selo) exemptions if they move to a larger home due to the birth of a child. To maintain the benefit, the original property must continue to be used exclusively for housing, such as by renting it out under a residential lease agreement.
Why it mattersIf you are under 35 and utilized the IMT exemption for your first home, you now have a clearer precedent that changing your household composition due to the birth of a child allows you to keep the benefit, provided your first property remains rented for residential purposes.
Correio da Manhã
