The State Finance Act for 2023 (OE 2023) has modified the assumptions for granting exemption from IMT on the acquisition of property intended for resale. Law 24-D/2022 of December 30 modified the municipal land transfer tax ("IMT") exemption scheme for the acquisition of real estate intended for resale Portugal.
ITM exemption for the acquisition of real estate for resale in Portugal
Although this amendment was not originally included in the corresponding bill, it was introduced after the di...
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