Government revokes detrimental measures on short-term rentals and amends capital gains reinvestment scheme on the purchase of primary residences

Government revokes detrimental measures on short-term rentals and amends capital gains reinvestment scheme on the purchase of primary residences

Today, Decree-Law N. º 57/2024, of 10 September, was published, introducing the following measures:

Revocation of the extraordinary contribution on short-term rentals (effective as of 31 December, 2023).
Revocation of the depreciation factor applicable to short-term rental establishments for municipal property tax purposes (effective as of 31 December 2023);
Amendment of the capital gains reinvestment scheme in the acquisition of primary residences, as follows:
- Reduction of the minimum residency period in the disposed property from 24 to 12 months;
- Revocation of the 4-year limit on access to the scheme when it has already been used previously;
- Introduction of the possibility to deduct rents for primary residences from gross income obtained from the rental of a former primary residence, in the case of relocation exceeding 100km.

Click the link below to access the decree:

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[Photo by: Maria Ziegler, available at unsplash.com]