IMI New valuation on the way
The Portuguese tax authorities have announced they will carry out revaluation of immovable assets under the IMI legislation before the end of the summer 2015.
This revaluation process will imply a reassessment based on the area and location of the property.
The revaluation of new properties will be carried out automatically by the tax authorities and for all other properties an application requesting revaluation will have to be submitted.
All parties are entitled to appeal the result of the new valuation if they so wish and we can carry advise accordingly.