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”.

Click on the links bellow to see the original diplomas:

https://dre.pt/application/conteudo/117658783

https://dre.pt/application/conteudo/117658784

For more information please contact us at info@ccsllegal.com

[Photo: Breno Assis, available at: unsplash.com]

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