Law n. º 3/2019, published today, introduces a new personal income tax framework for rental income derived from the lease of real estate.
Under this new regime, real estate owners may benefit from a tax rate reduction, depending on the duration of the rental agreement, of up to 50% reduction.
In addition, Law n. º 2/2019, also published today, allows the Government to approve a special income tax exemption for real estate income arising from the lease and sublease of real estate under the “Affordable Housing Program”.
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