IMI – reduction of 0,1 percent of the top end tax
By Lina Rodrigues • Dec 10th, 2008 • Category: Company News, Property News & InfoAccording to the Law Nº 64/2008 (12-5-2008) the IMI of the top end has been reduced by 0,1%.
Prior to that it was 0,8% and is now 0,7% for properties that have NOT been valued by the financial department. Properties that have been valued are now taxed at 0,4% instead of 0,5% annually.
Source: APEMIP
Lina Rodrigues - Office Manager - Lina was born in Madeira but spent her formative years in England. In 1981 her family relocated to the Algarve because of its high quality of living and mild climate.
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