Housing

Porto Academic Federation wants tax measures and to ban property acquisition by non-residents

The Porto Academic Federation (FAP) sent a set of housing proposals to political parties, including a temporary ban on home purchases by non-residents in high-pressure areas and tax incentives for landlords and homeowners. Their plan includes exempting rental income from IRS up to the national minimum of 12,880 euros and allowing IRS deductions for mortgage interest up to 900 euros.

Correio da Manhã· 3w agoRead original ↗

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Housing

Porto mayor plans to increase IMI property tax on empty homes in the historic center by 10 times

The Mayor of Porto announced a proposal to increase the Municipal Property Tax (IMI) for vacant or derelict properties within the city's historic center to 10 times the current rate, starting next year. The measure aims to encourage owners to place these properties on the rental market, noting that these homes cannot be converted into Local Accommodation (AL) due to existing containment zone restrictions.

Correio da Manhã· 1w agoRead original ↗

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Housing

“One discussion cannot be separated from the other”: Ventura, open to dialogue, wants housing measures in the State Budget

The Chega party leader has stated that his party is only willing to negotiate a cross-party agreement on the housing crisis if concrete measures are included in the 2027 State Budget (OE).

Expresso· 6d agoRead original ↗

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Labor & Taxes

PCP wants to create 10th IRS tax bracket and raise specific deduction to 5672 euros

The Communist Party (PCP) has announced proposed amendments to the 2027 State Budget, including a new 56% IRS tax bracket for incomes above 250,000 euros and raising the specific income deduction to 5,672 euros (up from 4,587.09 euros). The party is also proposing to mandate the inclusion of all income sources for tax purposes above 89,995 euros, reduce VAT on essential goods to 6%, and increase corporate taxes. These proposals are subject to discussion and voting in the parliamentary committee stage.

Correio da Manhã· 1w agoRead original ↗

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