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New IMI rates to be levied on rustic land

11396Annual IMI (rates) levied on rustic land are about to change - according to their size and location.

 Jornal de Negócios explains that “a proposal” to this effect will be presented in parliament by the end of this month, and will afterwards be included in the 2017 budget.

The proposal is designed to bring money flooding into State coffers, as before “rustic properties” were evaluated on their productivity.

In other words, if they were left to abandon, producing nothing, IMI contributions would be negligible.

The “objective” says JdN is to embark on a process of re-evaluation “which will start with properties of largest dimension” (over 50 hectares). The paper adds that there currently exist around 11.5 million rustic properties, of which roughly 2.5 million are larger than 50 hectares and “localised in the south of the country”.

By natasha.donn@algarveresident.com

Article by kind permission of Portugal Resident

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Comments  

+2 #2 Margaridaana 2017-04-05 16:15
I remember years ago buying a plot of land adjacent to ours to 'square it off'. There were so many cousins at the Notary office that we ran out of space on the document for signatures. The price we paid was one million escudos (that take one back!) for a piece of worthless land, unsuitable for building, crops or grazing. The tax was something in the region of 130 escudos p.a., so non collectable. We were delighted to have this land which was home to many species of wildlife, including the occasion wild boar and numerous indigenous plants. These small parcels of land are precious and should be preserved. The threat of taxation will probably cause these areas to be divided and used for less attractive purposes.
+5 #1 liveaboard 2017-04-04 09:28
Development generally not allowed on "agriculture" designated lands [unless owned by a person of influence], doubly not allowed if the land is in a reserve of "national park". Farming not profitable [that's why it's abandoned]. Where should the tax money come from then?

I suspect many of these plots have multiple owners, cousins and second cousins who have no use for it but refuse to sell their shares [this is very common]; it could be that a significant yearly cost would create some motivation towards cooperating and selling those semi-abandoned lands to people who actually want it for something.
That would be good for the rural economy, if not for wildlife.
The abandoned rural land is where the animals live.

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