February 4, 2023

Property tax revenue at record high:

Compares to 2020 values if property transfer tax (IMT), there has been an approximately 40% increase, highest since 2004. For the first time the IMT revenue has surpassed one million euros. This tax is levied on a purchase or sale of a property also when it is exchanged. It helps determine whether the taxable equity value of a property or the transaction amount is greater.

——

Do you believe there is a beneficial party in this increase?

 

Leave a Reply

Your email address will not be published. Required fields are marked *