The Lisbon City Hall informed that the landlords can benefit from a tax reduction on the Municipal Property Tax (IMI) that might reach 20%, by presenting a request until the end of December 2017.

The implementation and the amount of the tax benefit, which cannot exceed 20%, depends on the decision made by the city halls. The benefit may be applied to the whole city or limited to certain areas, with the same or variable percentage according to each zone.

It is advisable to contact the competent city hall to obtain more information regarding, namely, the deadline to present the requests.

Next year, the IMI percentages will be kept between 0,3% and 0,45% for the urban properties.