Annual Municipal Property Tax (IMI)

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Annual municipal property tax, or IMI (Imposto Municipal sobre Imóveis), is payable by the person who is the property owner as at 31 December of the previous year, and is based on the VPT. The rate applied ranges from 0.3% to 0.8%, and is dependent on whether the property type is classified as urban or rural (classified by the Portuguese tax authorities and based on the location of the property). Note that any investor or company located in a blacklisted tax jurisdiction, in accordance with the Portuguese tax authority, will be subject to a flat rate of 7.5% IMI.

An additional annual municipal property tax, namely AIMI (Adicional ao IMI), is chargeable indonesia mobile database for any VPT value exceeding €600,000, for all residential properties and construction plots. The rate will vary between 0.4% and 1.5% depending on if you are taxed as a single person, or as couple, or as a company.

Please note that AIMI is not only considered for a single property but is taken into account per owner. If more than one property is therefore held, the cumulative VPT needs to be considered. If the cumulative VPT value for all properties held by a single owner exceeds €600,000, AIMI will be applicable on the value of the properties held, exceeding this threshold.

If the property is being used to promote an activity, such as extending local, affordable accommodation, there will be no AIMI.