Owners are optimistic about the reduction in the IR rate applied to property income, which should fall from 25% to 10% for rental contracts with rent of up to 2,300 euros per month.
The new fiscal model has already been promulgated by Antonio José Seguro and should come into force by the end of the month, with retroactive effects to January 1st.
The measure will allow landlords to significantly reduce the tax burden on rent and increase the net income obtained from properties. In a simulation for a monthly income of one thousand euroso owner would go from a net income of 750 to 900 euroswhich represents a additional gain of 150 euros per month e 1,800 euros per year.
For the Portuguese Confederation of Property Owners, the reduction in tax could have an impact not only on owners, but also on tenants, by creating conditions for a eventual stabilization or reduction in values practiced in the rental market.
The president of the confederation, Luís Menezes Leitão, assesses that the tax incentive can benefit the entire sector, at a time when housing continues to be one of the main concerns in the country.
The diploma must now be published in formalizing the entry into force of the new tax regime for income.
