Authorisation to repeal the extraordinary contribution on Local accommodations properties
EA BriefFiscalTax
07 August, 2024Law no. 35/2024, of 7 August authorises the Government to:
– Repeal the extraordinary contribution on local accommodation properties;
– Revoke the setting of the coefficient of ageing applicable to local accommodation establishments for the purposes of assessing IMI;
– Amend article 10 of the IRS Code in order to reduce the period provided for in paragraph 5 e) to 12 months; to establish that, when the reinvestment takes place prior to the transfer, this period is counted from the date of the reinvestment; to provide for an exception to this period for cases of change in the composition of the household and labour mobility; and to revoke paragraph 5 f); and
– Create an IRS deduction from property income resulting from a housing lease contract corresponding to the expenses incurred by the taxpayer in paying rent on the property used for their own permanent residence, in situations where the taxpayer moves to a location more than 100 kilometers away.
The authorisation granted by this law lasts 180 days.
