'%20id='ico-down'%20stroke='%23000000'%20stroke-width='1.5'%3e%3cg%20transform='translate(1092.250000,%20254.750000)'%3e%3cpolyline%20id='Path-2-Copy-4'%20transform='translate(5.500000,%202.750000)%20scale(1,%20-1)%20rotate(-180.000000)%20translate(-5.500000,%20-2.750000)%20'%20points='0%200%205.5%205.5%2011%200'%3e%3c/polyline%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e){kind=small}
In September, property owners with €500,000 in total property assets will be charged an enhanced amount for the annual property tax, or IMI.
This new tax includes real estate development companies, many of which have many properties in stock, the value of which now is totted up and the total value is taxed at 0.4% of the total taxable value (VP) of their stock.
———–
© algarvedailynews.com
The above content produced by algarvedailynews.com is not intended for commercial use and may not be republished by third parties either wholly or in part unless permission is sought and granted and the source credited.
——————-