PR promulgates diplomas on income support and IMT exemption for young people

The decree of the Assembly of the Republic was approved last Wednesday

The President of the Republic today promulgated the decree-law on income support and the parliamentary decree that exempts the purchase of a house by young people up to the age of 35 from IMT and stamp tax.

These decisions by Head of State Marcelo Rebelo de Sousa were published through two notes on the official website of the Presidency of the Republic on the Internet, without comments on the diplomas.

«The President of the Republic promulgated the decree of the Assembly of the Republic that authorizes the Government to exempt from Municipal Tax on Onerous Property Transfers and Stamp Tax the purchase of their own and permanent housing by young people up to the age of 35, through the amendment of the Code of the Municipal Tax on Onerous Transfers of Properties and the Stamp Tax Code", reads one of the notes.

In another note, it is reported that «the President of the Republic promulgated the Government diploma that amends Decree-Law No. 20-B/2023, of March 22nd, which creates extraordinary support to support families to pay rent and of the provision of credit contracts, and revokes the extension of the forced rental regime to vacant homes».

The decree-law on housing was approved by the Council of Ministers on May 27th and, according to the statement released at the end of that meeting, «repeals the forced or coercive rental regime applied to housing considered vacant» and «amends the legislation that creates extraordinary support to support families in paying rent and providing credit contracts».

«Regarding extraordinary support for payment of rent, this regime is extended to tenants with rental contracts in force whose new contracts have the same object and the same parts as the rental contracts signed until March 15, 2023», states in the same statement.

The decree of the Assembly of the Republic on the purchase of their own permanent housing by young people, which applies to those aged up to 35, originating from a Government law proposal, was approved last Wednesday.

 



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