Every month I bring you the 3 main news related to the real estate market.
IRS income deduction rises to 600 euros
The new State Budget reinforced the amount of rent that is deductible by the IRS – it goes from 502 to 600 euros, instead of the 550 euros that had initially been announced.
Recovering capital gains will be possible in 2024Anyone who sold their home and was unable to reinvest the money in the following 36 months can replace their IRS declaration and request a refund of capital gains tax until the end of 2024.
End of the RNH in Portugal is softened
The status of non-habitual residents (RNH) has been relaxed, compared to what was initially planned. Continues accessible to people with income linked to scientific research and innovation and occupy jobs "in entities certified as `startups`".
Do you have any questions or concerns?Contact me!
David Borges - MG Real Estate
📞 (+351) 967 294 793
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